Midsize companies — firms with annual revenues of $10 million to $1 billion dollars — are now adding jobs at almost double the national average.
Middle market companies account for just 0.5% of all Texas businesses. But they employ 30% of the state’s workforce. Anil Makhija teaches finance at Ohio State University. He says midsized businesses are more reliable job creators than small ones.
“If you think about small firms, they do deserve our attention, because they are frequently the centers of innovation. But they have a very high failure rate.”