Maui Business

Report: Hawaiʻi Ranks 16th in Middle Market Firms

April 14, 2015, 8:55 AM HST
* Updated April 14, 8:57 AM
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map Middle Market Power Index from American Express and Dun & Bradstreet. By Maui Now Staff

According to the first-ever Middle Market Power Index from American Express and Dun & Bradstreet, Hawaiʻi has an estimated 518 middle market firms, which make up nearly .82% of overall businesses.

The report uses Dun & Bradstreet’s proprietary databases of commercially active US firms to analyze the characteristics and economic impact of middle market enterprises. Middle market enterprises are defined as businesses generating between $10 million and $1 billion in revenues.

Nationally, there are more than 136,000 middle market firms. The firms employ an average of 368 workers and generate $45.1 million per firm per year.

Hawaiʻi ranks 16 out of all 50 states for the share of firms in the middle market.

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This first in a series of reports finds that while the middle market makes up less than 1% of US businesses (.7%), they  contribute slightly more than one in five dollars (21%) of US business revenues and employ over one in four workers (28%) in the private sector.

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Below is a table comparing Hawaiʻi’s number of middle market firms to national data and to large and small companies.

State Number of Firms Share of Firms
Small (<$10M) Middle Market ($10M-$999M) Large ($1B+) Total Small (<$10M) Middle Market ($10M-$999M) Large ($1B+) Total
Total U.S. 18,812,008 136,603 2,266 18,950,877 99.27% 0.721% 0.012% 100%
Hawaii 62,827 518 5 63,350 99.17% 0.818% 0.01% 100%

 

For further Middle Market Power Index details, go online.

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