Kentucky has an estimated 2,177 middle market companies ($10 million-$1 billion in annual revenues), which make up 1 percent of all firms in the state according to the latest Middle Market Power Index from American Express and Dun & Bradstreet.

The newest report in the series finds that the middle market is an increasingly important sector. While middle market firms make up less than 1 percent of all U.S. businesses, they contribute about one in four dollars (27 percent) and employ a little more than a quarter of U.S. workers (27 percent) in the private sector. Overall, middle market firms were also responsible for more than half (51.7 percent) of the 51.8 million new jobs that have been created in the U.S. since 2011.

Kentucky ranks 16th out of all 50 states for growth in number of middle market firms from 2011-2017.

The below table outlines how the number of Kentucky’s middle market firms compares to national data as well as to large and small companies:

 

Number of Firms

Share of Firms

% Change, 2011-2017

Small (<$10M)

Middle Market

($10M-$999M)

Large ($1B+)

Total

Small (<$10M)

Middle Market ($10M-$999M)

Large ($1B+)

KENTUCKY

215,032

2,177

25

217,234

98.99%

1.00%

0.01%

84.8%

Total U.S.

18,294,760

179,782

3,150

18,477,692

99.01%

0.97%

0.02%

83.9%

 

Additional findings are in the press release here.