Hop off your horse, plant your flag! Texas businesses flourish

​​​​TEXAS – Texas middle-market companies outpaced the rest of the nation in revenue and employment growth in 2015 and the state is projected to do so again this year, according to a study from the National Center for the Middle Market’s 4Q 2015 Middle Market Indicator, produced by Ohio State University Fisher School of Business.

Texas mid-market firms—defined in the study as companies with annual revenue between $10 million and $1 billion—grew 8.2 percent in revenue in the past 12 months, compared to a 6.1 percent national rate. The state’s mid-market companies forecast an average of 5.1 percent revenue growth for 2016, compared to a 3.7 percent projection nationwide.

In terms of employment, Texas firms grew 7.8 percent in 2015 compared to 3.6 percent for all U.S. mid-market companies. Mid-market firms are looking to grow their employee counts by 4 percent this year, compared to 2.7 percent nationwide.

In Texas, 71 percent of the mid-market executives and owners surveyed said they would invest capital in their company, compared to 61 percent nationwide.

The national revenue growth of 6.1 percent last year was down from 7.2 percent the year before, Thomas A. Stewart, executive director of the center​, said. 

Middle market employment growth followed a similar pattern, declining to 3.6 percent growth in 2015 from 4.1 percent growth the year before.

Middle market companies as defined by the study account for roughly one-third of total employment and GDP in the U.S. and generate $10 trillion in annual revenue.

Texas has 10,000 mid-market companies that do more than $505 billion in annual revenue