A small number of businesses are making a large impact on Indiana’s economic landscape. The numbers are in a new Indiana Chamber Foundation study titled Accelerating Growth in Indiana’s Mid-Market Companies.
Digest these digits: mid-market firms (those with annual sales between $5 million and $100 million) account for 3% of all the state’s for-profit organizations, yet provide 30% of the jobs and more than 40% of the sales for that same group. Additional data, an online survey and one-on-one interviews with mid-market company leaders indicate there may be a tremendous opportunity to enhance the state’s economy.
The further purpose of the project is to find ways to help these already successful Indiana companies grow even more. The details are outlined in a press release, 12-page study summary and audio commentary from foundation leader Mark Lawrance.
Take a look, review the numbers and let us know what you think.