The latest edition of the Middle Market Power Index looks at the strength of middle market firms in cities across the U.S., and examines the roles these firms play in their local economies.

This report highlights the reciprocal relationship between middle market firms and the cities in which they operate – cities provide infrastructure and talent, while companies offer economic benefits. In many places, middle market firms are key to a resilient economy – either by providing an economic base to rebuild after a natural disaster, or providing the necessary opportunities to help the local economy grow. Notably, the data showcases the strength of Heartland cities, and interesting differences in productivity for middle market businesses across the country.

Charlotte ranks 24th in number of middle market firms among the top 25 U.S. metropolitan areas. Additionally, Charlotte is 25th for employment and 24th for revenue.

The following outlines how the number of Charlotte’s middle market firms compare to national data. In the U.S. the average number of employees per middle market firm is 293, the average revenue per middle market firm is $51,648,671 and revenue per middle market firm employee is $176,159. In Charlotte the average number of employees per middle market firm is 295, the average revenue per middle market firm is $54,946,580 and revenue per middle market firm employee is $186,415. Charlotte ranks 6th for revenue per employee.