voice of the middle market infographic
DESCRIPTION
This exclusive 2014 CIT report examines the perspectives of U.S. middle market executives.TRANSCRIPT
ECONOMIC OUTLOOK & GROWTH
The middle market in the U.S. takes ina combined annual revenue of$6 trillion and employs more than 30 million people.†
CIT Group Inc. (NYSE: CIT) is a leading provider of commercial lending and leasing services. On behalf of CIT, in August 2014, KRC Research surveyed 301 U.S. middle market executives representing a range of industries. In order to be eligible to participate in the survey, respondents had to be in a leadership role at firms with revenue between $25 million and $1 billion, with the majority (50%+) of employees based in the United States.
† Revenue and employment figures are from the U.S. Census.
expect interest rates to rise “slowly” over the next 12 months.
79%
believe the Middle Market differentiates itself from small and big businesses through its ability to innovate.
56%
expect to increase their range of products and services in thenext 12 months.
62%
say their company is better off today than it was 12 months ago.
63%
expect to enter other regionswithin the U.S. over the next 12 months.
58%
Areas ofConcern:
expect to selltheir company within the next1 – 3 years.
15%
71% 75% 76%
70%
are satisfied with their access to financing.
90%
indicate their workforce today is greater than it was in 2013.
55%
have relocated their company for tax reasons over the past 5 years.
12%
cit.com/middlemarketoutlook
Continued economic uncertaintyCosts associated with complying with the ACA
Regulations
Tax Increases
CIT: Voice of the Middle MarketTM