A strong middle market presence keeps cities agile and nimble. Likewise, cities with affordability and top talent play fine hosts for midsize firms
Yankees and cowboys may have more in common than they think. Some of the top locations in the U.S. for middle market companies include New York City and Texas metro areas.
A report from American Express and Dun & Bradstreet explored the reciprocal relationship between middle market companies and the metropolitan areas in which they operate. Metro areas provide the infrastructure and talent that attract companies, along with the perceived culture and quality of life that attract employees. Middle market firms provide foundations for metro area economies.
The report found New York City has the most middle market firms of any metro area in the U.S. Dallas and Houston rank as two of the top five U.S. cities for the highest number of middle market firms, total number of middle market employees and total revenue generated by middle market companies. San Antonio and Dallas rank Nos. 1 and 2 for economic clout, determined by the growth rate from 2009 to 2017, which is measured in terms of the number of firms, employment and revenues in the middle market. Plus, Houston, Dallas and New York City have the highest concentration of startup companies scaling to become middle market companies. Some of the other high-ranking metro areas, as determined by five categories—middle market dominance, economic clout, employment vitality and number of minority- and women-owned businesses—include Baltimore, Detroit and Denver.