Middle market firms enter foreign markets cautiously, strategically

Of the 619 middle market firms in Maine, only 19 are involved in exporting, according to a new study.

That 3% is on par with Vermont, but lower than other New England states, with 4% involved in exporting in Massachusetts and New Hampshire and the 5% in Connecticut and Rhode Island. The U.S. total is 5%, according to a new study called the “Middle Market Power Index: Taking the Global Stage” from American Express and Dun & Bradstreet.

Middle market companies, which generate from $10 million to $1 billion in revenues, tend to export more as their revenues grow and they remain in business longer, according to the report, but they do so strategically and cautiously.

Read the full article on Mainebiz