Four Out of Five Middle Market Companies Are Performing Better than One Year Ago
For the U.S. middle market, 2024 represented yet another year of impressive revenue and employment growth with the vast majority of companies believing they are in a stronger position today compared to 12 months ago. Middle market leaders are increasingly confident in the national and local economies and more willing to reinvest extra dollars back into various areas of the business, including IT and human resources, to drive continued growth. Most leaders have a healthy outlook for 2025 and expect business expansion to continue, including adding new jobs. In their cautiously optimism fashion, companies project lower rates of both revenue and employment growth going forward. For the second half of 2024, the rate of year-over-year revenue growth did fall nearly one percentage point from its all-time high, signaling a potential softening in growth rates. Companies will need to adapt to the polices of a new presidential administration, and may leaders continue to express ongoing concerns related to rising costs, talent acquisition and retention and keeping up with digitization.
Year-End 2024 Webinar
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Whether you operate a middle market business, run an organization that serves middle market companies or are otherwise invested in the middle market’s success, the National Center for the Middle Market welcomes and values your contributions. The center offers several ways for organizations to partner with us. Learn more below about the ways you can work with the center and play a vital role in advancing the middle market’s prosperity.
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