January 31, 2016
Of the 3,557 total middle market firms in Georgia, 462 (13%) have been in business less than 10 years – slightly above the national average. The fastest growing middle market segment within these younger firms is business services, and the breakdown of each state’s share of youngest middle market firms is indicative of their pace with larger national economic trends.
The latest Middle Market Power Index: Exploring Generational Changes In Middle Market Industries explores the noteworthy changes that the U.S. Middle Market (firms with revenues between $10 million and $1 billion) is going through, and what the changing interests among future entrepreneurs may mean for the economy at large. Additionally, it uncovers how the youngest middle market firms are being found in some states rather than others, and the effect that tenure has on middle market firm size and revenue.
Below is a table comparing Georgia’s number of middle market firms to national data, as well as how Georgia’s share of youngest and oldest middle market firms compares to the national average. Also included is a map of where the youngest and oldest middle market firms exist throughout the country.