New York state is home to one of the nation’s largest middle market sectors, representing 10,000 businesses. Defined as companies with annual revenues of $10 million to $1 billion, this economic engine employs more than 4 million New Yorkers and generates approximately $500 billion in annual revenue — nearly 20 percent of total state revenue.
Nationally, the middle market reported a year-over-year increase in revenue growth of 6.5 percent for the past 12 months and added workers to the payroll, according to the National Center for the Middle Market’s Middle Market Indicator.
Despite the impact of the “Mighty Middle Market” on the state’s economy, this sector is frequently overlooked in discussions about economic growth.
The Business Council of New York State and the Albany-based Center for Economic Growth will convene representatives of middle market companies to explore the triggering events and game-changing strategies that propel middle market companies into the ranks of sustained growth firms.
Featuring a keynote discussion led by Thomas A. Stewart, executive director of the National Center for the Middle Market, and a panel of local middle market experts, attendees will learn about the triggering events and game-changing strategies that propel middle market companies into the ranks of sustained growth firms.
Panelists will include: David William Davis, president and COO of Simmons Machine Tool Corporation; Roger A. Hannay, chairman of the board of Hannay Reels, Inc.; and Thomas D. O’Connor, Jr., chairman and CEO of Mohawk Fine Papers, Inc.
Founded out of a multiyear partnership between GE Capital and The Ohio State University’s Fisher College of Business, the National Center for the Middle Market exists for a single purpose: serving as the foremost expert and leading resource on the U.S. middle market economy. In this capacity, the Center provides critical insights and analyses that drive growth, increase competitiveness, create jobs for the middle market, and, ultimately, the overall U.S. economy.
The event will be held on Tuesday, July 1, from 8:00 a.m. to 9:30 a.m. at The Desmond Hotel and Conference Center, 660 Albany Shaker Road, Albany, New York, 12211.
There is no fee to attend, but pre-registration is required. Register here.