Report: Hawaiʻi Ranks 16th in Middle Market Firms

April 14, 2015, 8:55 AM HST · Updated April 14, 8:57 AM

map Middle Market Power Index from American Express and Dun & Bradstreet. By Maui Now Staff

According to the first-ever Middle Market Power Index from American Express and Dun & Bradstreet, Hawaiʻi has an estimated 518 middle market firms, which make up nearly .82% of overall businesses.

The report uses Dun & Bradstreet’s proprietary databases of commercially active US firms to analyze the characteristics and economic impact of middle market enterprises. Middle market enterprises are defined as businesses generating between $10 million and $1 billion in revenues.

Nationally, there are more than 136,000 middle market firms. The firms employ an average of 368 workers and generate $45.1 million per firm per year.


Hawaiʻi ranks 16 out of all 50 states for the share of firms in the middle market.

This first in a series of reports finds that while the middle market makes up less than 1% of US businesses (.7%), they  contribute slightly more than one in five dollars (21%) of US business revenues and employ over one in four workers (28%) in the private sector.

Below is a table comparing Hawaiʻi’s number of middle market firms to national data and to large and small companies.

StateNumber of FirmsShare of Firms
Small (<$10M)Middle Market ($10M-$999M)Large ($1B+)TotalSmall (<$10M)Middle Market ($10M-$999M)Large ($1B+)Total
Total U.S.18,812,008136,6032,26618,950,87799.27%0.721%0.012%100%


For further Middle Market Power Index details, go online.





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