will enable all of you to have a more comprehensive understanding of what we call the
mighty middle market and how this segment benefits the entire U.S. economy.”
The caucus will help give voice to the more than 200,000 companies in the middle
market that provide one-third of U.S. GDP, a sector that employs more than 44 million
people and includes recognizable names like Caribou Coffee and Tootsie Roll. The
caucus was formed by Reps. Steve Stivers (R-Ohio), Jared Polis (D-Colo.), Tom Rice
(R-S.C.) and Brad Schneider (D-Ill.) in collaboration with ACG and the National Center
for the Middle Market.
Middle-market companies are looking for assurances from Washington, said Schneider.
He called middle-market employers the sort of “prudent risk-takers” that Washington should
support to help grow the economy and create jobs. Rice said he hopes his fellow lawmakers
work to lessen the burden of regulations on mid-sized firms; they face more regulatory
burdens than small businesses, which are exempt from many regulations, and giant
multinational companies armed with big pockets and extensive resources.
The briefing was followed by a celebratory reception of more than 100 attendees,
including members of Congress, business leaders and congressional staff. Stivers and
Polis each described the significance of the caucus and encouraged their colleagues in
the House to join as members. //
—Amber Landis, director, ACG Public Policy
Left: Rep. Brad Schneider (D-Ill.); Thomas A. Stewart, executive director for the National Center
for the Middle Market; Pam Hendrickson, ACG Global chairman and COO, The Riverside Com-
pany; and Isabel Fernandez, chief commercial officer for GE Capital, Americas.