The Importance Of Gazelles — Companies That Survive And Run, Fast.

By John Kostrzewa
The Providence Journal, R.I.

WWR Article Summary (tl;dr) A new study by the credit reporting agency Dun & Bradstreet and American Express analyzed the change in commercial enterprises in the United States from 2011 to 2016 as the country emerged from the Great Recession. The report found that the number of “mid-size” companies with revenues between $10 million and $999 million doubled. It also found that while these “mid-size” companies made up only 1 percent of all U.S. businesses, they contributed $9.3 trillion to the economy.

Providence

They’re called gazelles — companies that survive the start-up phase, get on their feet and start to run, fast.

They create wealth and jobs — in big numbers — as they grow quickly and attract other companies in related businesses, forming clusters that become the bedrock of local economies.

The importance of gazelles is made clear in a new study by the credit reporting agency Dun & Bradstreet and American Express that analyzed the change in commercial enterprises in the United States from 2011 to 2016 as the country emerged from the Great Recession.

The report found that the number of companies with revenues between $10 million and $999 million doubled. It also found that while the mid-size companies made up only 1 percent of all U.S. businesses, they contributed $9.3 trillion to the economy, accounted for 53 percent of total job growth over the five-year period and employed one in four workers in the private sector.

Those numbers underscore that mid-size companies, led by the gazelles, have made an outsized contribution to the U.S. economy.

They are also a source of hope as the economy turns.

In an interview, Nalanda Matia, Dun & Bradstreet’s director of econometrics solutions, said that recent indicators signal that the U.S. economy is slowing, but mid-size companies seem to be in the best position to continue to grow.

Related News

Leave a Reply

Your email address will not be published. Required fields are marked *