Executives: Romney and Obama Need To Pay More Attention to Middle Market
Oct 4, 2012
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Most middle market executives in the United States think the 2012 presidential candidates should pay more attention to their segment of the market, according to a new CIT Group report.
The report includes many positive signs, with 53% of middle market executives say their companies are stronger today than before the Great Recession. In the coming year most intend to increase their product lines (65%), expand into new markets (58%), and enter new regions (53%). Four in 10 - 42% - plan new hiring in the coming year.
But most of these executives - 81% - say the outcome of the presidential election will have an impact on the health of the economy, with 38% saying it will have a major impact.
And most of these executives - 71% - say Governor Romney and President Obama spend too little time talking about the middle market.
CIT Group Inc. is a provider of financing to small businesses and middle market companies.
The online survey was conducted by KRC Research among 300 U.S. middle market executives in a range of industries, in firms whose revenue was between $25 million and $1 billion.
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