2020 Performance and 2021 Outlook
In the Rocky Mountain region, and across the country, middle
market businesses are a powerful economic engine, consistently
outperforming larger and smaller companies from a revenue
growth perspective, providing a disproportionate share of jobs,
and driving the health of local economies. From a historical
perceptive, Rocky Mountain region middle market businesses have
enjoyed stronger performance than their peers in other areas of
the country, posting more aggressive year-over-year revenue and
employment growth rates between 2016 and 2018.
The Rocky Mountain region middle market is composed of more
than 10,200 companies located in the states of Wyoming, Idaho,
Montana, Nevada, Utah, Colorado, Arizona, and New Mexico. These
companies span all industries and ownership types and represent
the full middle market revenue spectrum. Collectively, the
businesses employ 2.8 million people in the region and generate a
total of $498 billion in annual revenues, making the middle market
a vital contributor to the local economies in the region. But like their counterparts across the nation, Rocky Mountain region middle market businesses were in no way immune to the tumultuous events of 2020.
This report, developed in collaboration with Dietrich Partners, is derived from the bi-annual MMI survey conducted over the last
five years and represents an analysis of data from 50-100 different
Rocky Mountain region middle market companies each year. In
addition to the survey-based data, this report reflects insights and
highlights from qualitative discussions with senior leaders from
area businesses operating in a variety of industries.
For all of the research findings and insights into Rocky Mountain region middle market business 2020 performance and 2021 outlook, download the report.