Executive Briefings

Mid-Sized Manufacturers Have Greater Impact on Economy Than Generally Recognized

Middle market manufacturers help drive the U.S. economy and have been an important part of the economic recovery over the past few years. In fact, the 7,500 middle market manufacturers in the U.S. contribute about two percent to national economic output and generate about three million jobs, according to a recent HSBC report on middle market companies, Hidden Impact: The Vital Role of Mid-Market Enterprises.

Middle market manufacturers, like many middle market companies, bring new innovations and products to the market and compete with large incumbents, increasing standards and competitiveness. They contribute more to GDP per employee than small companies, and employ and train more staff. They export more than their smaller counterparts, and often invest more in research and development than larger companies.

Like other middle market companies, middle market manufacturers also have an important multiplier effect. In the U.S., middle market companies contribute an extra $2.2tr in economic output through indirect benefits to the wider economy through demand generated in supply chains and induced economic impacts from wage-financed consumption by their employees.

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Middle market manufacturers, like many middle market companies, bring new innovations and products to the market and compete with large incumbents, increasing standards and competitiveness. They contribute more to GDP per employee than small companies, and employ and train more staff. They export more than their smaller counterparts, and often invest more in research and development than larger companies.

Like other middle market companies, middle market manufacturers also have an important multiplier effect. In the U.S., middle market companies contribute an extra $2.2tr in economic output through indirect benefits to the wider economy through demand generated in supply chains and induced economic impacts from wage-financed consumption by their employees.

Read Full Article