Mid-Sized Businesses: Too Big to be Small and Too Small to be Big
WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the House Committee on Small Business held a bipartisan roundtable to hear from advanced small and mid-tier businesses and industry experts on the challenges to growth and success.
“After a small business has proven its success by growing out of its small size standard, it exists in a murky limbo – it is too large to benefit from small business set-asides, yet is too small to compete with billion dollar firms,” said Chairman Steve Chabot. “Our goal is to learn more about what is happening to advanced small—or mid-tier—businesses.”
The roundtable provided a forum for Members to learn about this middle market and the disparities from small to mid-tier business owners, academia, trade organizations, and subject-matter experts.Data on these mid-tier companies is minimal, but preliminary evidence shows these firms are limited to a few options: relegate themselves to subcontracting opportunities; sell the company to a larger firm; or try to compete in full and open markets.