For Release — Jun 30, 2014
Forum to Examine New York's Mighty Middle Market
ALBANY, N.Y.— The Business Council of New York State and the Center for Economic Growth (CEG) will host “New York's Mighty Middle Market,” a forum exploring strategies to sustain and grow middle market companies.
The event will be held on Tuesday, July 1, from 8:00 a.m. to 9:30 a.m. at The Desmond Hotel and Conference Center, 660 Albany Shaker Road, Albany, New York, 12211.
New York state is home to one of the nation's largest middle market sectors, representing 10,000 businesses. Defined as companies with annual revenues of $10 million to $1 billion, this economic engine employs more than 4 million New Yorkers and generates approximately $500 billion in annual revenue — nearly 20 percent of total state revenue.
Despite the impact of the “Mighty Middle Market” on the state's economy, this sector is frequently overlooked in discussions about economic growth.
Featuring a keynote discussion led by Thomas A. Stewart, executive director of the National Center for the Middle Market, and a panel of local middle market experts, attendees will learn about the triggering events and game-changing strategies that propel middle market companies into the ranks of sustained growth firms.
Panelists will include: David William Davis, president and COO of Simmons Machine Tool Corporation; Roger A. Hannay, chairman of the board of Hannay Reels, Inc.; and Thomas D. O'Connor, Jr., chairman and CEO of Mohawk Fine Papers, Inc.
Founded out of a multiyear partnership between GE Capital and The Ohio State University's Fisher College of Business, the National Center for the Middle Market exists for a single purpose: serving as the foremost expert and leading resource on the U.S. middle market economy. In this capacity, the Center provides critical insights and analyses that drive growth, increase competitiveness, create jobs for the middle market, and, ultimately, the overall U.S. economy.