The number of New York middle-market companies—those with $10 million to $1 billion in annual revenue—increased by more than 85 percent over the past six years, according to the annual Middle Market Power Index released jointly by American Express and Dun & Bradstreet on Aug. 10. The increase surpassed the national figure of 83.9 percent, and was 15th-highest among U.S. states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Although they comprise less than one percent of all commercially active U.S. businesses, middle market companies accounted for more than half of all U.S. jobs created since 2011 and currently account for more than a quarter of the nation’s total business revenue, according to the report.
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