NCMM

2024 Outlook: Middle Market Companies Set Financial Growth Records, Yet Remain Cautiously Optimistic Amid Emerging Risks

Retrieved on: 
Thursday, February 22, 2024
MMI, Attack, Risk management, Growth, Risk, Executive summary, Health, Chubb, NCMM, Insurance

WHITEHOUSE STATION, N.J., Feb. 22, 2024  /PRNewswire/ -- Chubb and the National Center for the Middle Market (NCMM) released today new data that reveals middle market companies demonstrated continued robust growth against the backdrop of inflationary pressures, cybersecurity threats, natural catastrophes and insurance coverage gaps. These findings are the centerpiece of the 2023 Year-End Middle Market Indicator (MMI).

Key Points: 
  • Middle market companies reported strong revenue growth compared to one year ago.
  • "Middle market companies are a bellwether for the overall health of the U.S. economy, and our survey shows they are posting record growth," said Ben Rockwell, Division President, Chubb Middle Market.
  • Increasing preparedness for emerging risks continues to be top of mind for the middle market.
  • The threat landscape for managing cybersecurity looms large for middle market companies, with 33% identifying insufficient cybersecurity protection.

LIFT OFF Soars to Number One on Amazon Best-Seller List

Retrieved on: 
Monday, February 5, 2024
Federal, SBA, Financial services, Knowledge, Interview, Retirement, Amazon, Ohio State University, NCMM, Sale, Small business, Business, Retail

This pragmatic book, without jargon, unpacks the process of M&A and provides a master class on what every business owner should know prior to sale.

Key Points: 
  • This pragmatic book, without jargon, unpacks the process of M&A and provides a master class on what every business owner should know prior to sale.
  • The book is also a #1 New Release in Financial Services on Amazon and a #1 New Release in Business Decision-Making on Kindle.
  • NCMM, a think tank at The Ohio State University, has found that a majority of mid-market M&A deals fail.
  • Her firm, sbLiftOff, helps business owners buy or sell companies between $10 million and $100 million in transaction value.

LIFT OFF: 12 Things to Know Before Selling Your Business

Retrieved on: 
Tuesday, January 2, 2024
Federal, NCMM, Small business, Interview, Sale, Retirement, Ohio State University, Knowledge, SBA, Retail

VIENNA, Va., Jan. 2, 2024 /PRNewswire/ -- America's legions of business owners start the year with a nagging question — is this a good year to sell my company?

Key Points: 
  • Today, Sharon B. Heaton, founder and CEO of sbLiftOff, a national mergers and acquisitions (M&A) firm, published the Forbes book, LIFT OFF: 12 Things to Know Before Selling Your Business.
  • The pragmatic book unpacks the process of M&A and provides a master class on a dozen things every business owner should know prior to sale, without jargon.
  • Her firm, sbLiftOff, helps business owners buy or sell companies between $10 million and $100 million in transaction value.
  • In addition to discussing LIFT OFF: 12 Things to Know Before Selling Your Business , Heaton is well versed in the present-day challenges facing small businesses, government contracting and veteran-owned businesses.

Middle Market Company Outlook in the Economy Rebounds with Double Digit Revenue Growth Revealed in Mid-Year Survey

Retrieved on: 
Tuesday, September 12, 2023
National Center for the Middle Market, Optimism, Executive summary, Overalls, Chubb, McLaughlin, NCMM, Mid-year rugby union internationals, Risk, Weather, MMI, Management, Risk management

WHITEHOUSE STATION, N.J., Sept. 12, 2023 /PRNewswire/ -- New data released in the 2023 Mid-Year Middle Market Indicator (MMI), from Chubb and the National Center for the Middle Market (NCMM), reveals that against the backdrop of a challenging economy, middle market companies are thriving with nearly three fourths reporting an improvement in overall performance compared to year prior, a record high for the survey. Findings are supported by top line growth over the past 12 months, overall employment growth, and continued expansion into new domestic markets with new products or services introduced.

Key Points: 
  • Findings are supported by top line growth over the past 12 months, overall employment growth, and continued expansion into new domestic markets with new products or services introduced.
  • "The mid-year survey showcases a number of positive economic indicators that reinforces the optimism and positive direction for the middle market segment," said Ben Rockwell, Division President, Chubb Middle Market.
  • "The insights garnered from the MMI survey help us understand the landscape middle market companies are facing, which ultimately provides increased awareness of emerging opportunity areas, risks and the proper guidance Chubb can provide in these areas."
  • In the MMI, 60% of middle market firms found inflation risk as extremely or very difficult to manage, a 3% point decrease over 2022 data.

New Chubb and National Center for the Middle Market Survey Finds Middle Market Economic Confidence Rebounds from 2022 Mid-Year, but Still Trailing 2021 Historical Averages

Retrieved on: 
Wednesday, January 25, 2023
Research report, Private sector, Rockwell, Hope, Fisher College of Business, National Center for the Middle Market, Climate, Insurance, EST, Growth, NCMM, GDP, Optimism, MMI, Chubb, Executive summary, Risk, Appetite, Business, Cryptocurrency, Tourism, Management

WHITEHOUSE STATION, N.J., Jan. 25, 2023 /PRNewswire/ -- New data  released from Chubb and the National Center for the Middle Market (NCMM), reveals a rebound in middle market economic confidence from mid-year 2022, but confidence has yet to return to the historical levels experienced in 2021. More than half of middle market companies expressed a notable optimism about the potential for 2023 revenue growth.

Key Points: 
  • WHITEHOUSE STATION, N.J., Jan. 25, 2023 /PRNewswire/ -- New data released from Chubb and the National Center for the Middle Market (NCMM), reveals a rebound in middle market economic confidence from mid-year 2022, but confidence has yet to return to the historical levels experienced in 2021.
  • More than half of middle market companies expressed a notable optimism about the potential for 2023 revenue growth.
  • The 2022 Year-End Middle Market Indicator (MMI), NCMM's bi-annual flagship research report, surveyed 1,000 executives from the middle market during December of 2022.
  • The survey revealed that economic confidence received a boost at year-end in the global, national and local US economies.

National Gallery of Art Repatriates Fowl Sculpture to Nigerian National Collections in Joint Ceremony with Smithsonian Institution

Retrieved on: 
Tuesday, October 11, 2022
National Museum of African Art, Culture, OBA, List of national museums, National Collections of Scotland, Policy, Museum, Sculpture, Mother, Research, National Commission, National, Collection, Rhode Island School of Design Museum, History, Royal regalia in Nigeria, RISD, National Commission for Museums and Monuments, NCMM, List of royal palaces, Fowl, National Gallery, Bangladesh Technical Education Board, GLOBE, Royal Court, Kingdom of Benin, Trustee, Ownership, Benin Bronzes, Interior design, Film, Furniture, Art

Kaywin Feldman, director of the National Gallery of Art, delivered remarks at the ceremony held at the Smithsonians National Museum of African Art, saying The National Gallery of Art is pleased to work with the Nigerian National Commission for Museums and Monuments to repatriate this sculpture and return the remarkable work where it belongswith the people of Nigeria.

Key Points: 
  • Kaywin Feldman, director of the National Gallery of Art, delivered remarks at the ceremony held at the Smithsonians National Museum of African Art, saying The National Gallery of Art is pleased to work with the Nigerian National Commission for Museums and Monuments to repatriate this sculpture and return the remarkable work where it belongswith the people of Nigeria.
  • Following years of research by the National Gallery staff into the provenance of the Fowl, the National Gallery of Arts Board of Trustees voted on May 7, 2020, to deaccession the sculpture.
  • Subsequently, the National Gallery communicated its interest in repatriating the sculpture to the Oba of the Royal Court of Benin.
  • The sculpture has been installed in the galleries of the National Gallery periodically and has been lent several times to the National Museum of African Art.

Research Reveals Top Considerations and Concerns for Middle Market Business Transitions

Retrieved on: 
Tuesday, August 30, 2022
Professional Services, Education, Other Professional Services, Finance, Asset Management, Banking, University, National Association, National Center for the Middle Market, U.S. Bank Center (Milwaukee), Trust, Private banking, Research, Chubb, Sale, Culture, Registered investment adviser, Fifth Third Bank, Credit, Private bank, NCMM, Ohio State University, Organization, Center, Commercial bank, Employment, Visa, Leadership, Company, Knowledge, Wealth, Fisher College of Business, Health, Family, ATM, Management, Financial services, Financial adviser, Business

The research provides insights on the personal dynamics and drivers of middle market business transitions.

Key Points: 
  • The research provides insights on the personal dynamics and drivers of middle market business transitions.
  • NCMM surveyed 300 middle market executives including 75 owners of privately held middle market businesses who benefited from the sale of all or part of their companies in the past 24 months.
  • The National Center for the Middle Market is a collaboration between The Ohio State University Max M. Fisher College of Business, Chubb and Visa.
  • NCMM is fully committed to funding and distributing the most credible open-sourced research, dynamically creating new knowledge, providing programs that drive value for middle market companies, and offering a well-informed outlook on the health and future of the middle market via the Middle Market Indicator .

Survey Reveals Middle Market Businesses Continuing to Thrive Despite Macroeconomic Pressures

Retrieved on: 
Tuesday, August 9, 2022
CFOS, MMI, Multimedia, National Center for the Middle Market, Risk, Ohio State University, NYSE, Growth, Executive summary, Leadership, Chubb Limited, Knowledge, Workforce, NCMM, New, Fisher College of Business, Parent, Research, Chubb, Chief executive officer, Insurance, Visa, Health, Management, Renewable energy

WHITEHOUSE STATION, N.J., Aug. 9, 2022 /PRNewswire/ -- New data released from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Max M. Fisher College of Business, reveals that middle market firms are continuing to report sustained growth despite ongoing macroeconomic pressures.

Key Points: 
  • WHITEHOUSE STATION, N.J., Aug. 9, 2022 /PRNewswire/ -- New data released from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Max M. Fisher College of Business, reveals that middle market firms are continuing to report sustained growth despite ongoing macroeconomic pressures.
  • "Middle market companies are experiencing sustained recovery, posting record revenue increases and hiring more workers to meet unprecedented consumer demand," said Ben Rockwell, Division President, Chubb Middle Market.
  • According to mid-year survey results, inflation has emerged as a major concern for middle market companies.
  • NCMM is fully committed to funding and distributing the most credible open-sourced research, dynamically creating new knowledge, providing programs that drive value for middle market companies, and offering a well-informed outlook on the health and future of the middle market via the Middle Market Indicator.

Survey Reveals Middle Market Companies Struggling to Navigate Supply Chain Disruption, Labor Shortage Among Other Business Challenges and Risks

Retrieved on: 
Wednesday, February 23, 2022
Risk, National Center for the Middle Market, Health, Chief executive officer, Insurance, CFOS, MMI, Growth, Parent, Chubb Limited, Research, Environment, NYSE, Visa, Risk management, Fisher College of Business, Multimedia, Chubb, Leadership, NCMM, New, Knowledge, Programa Nacional de Población, Management

"Business success and risk are inherently intertwined," said Ben Rockwell, Division President, Chubb Middle Market.

Key Points: 
  • "Business success and risk are inherently intertwined," said Ben Rockwell, Division President, Chubb Middle Market.
  • Supply chain challenges present a significant hurdle, with nearly half (47%) of middle market firms reporting that they have been directly impacted by supply chain disruptions or constraints in the prior six months.
  • This challenge is amplified for certain industries, with the percentage increasing to 49% for middle market technology companies, 54% for middle market financial services companies and 59% for middle market manufacturers.
  • At the same time, the tight labor market is straining middle market companies' employees and hindering growth.

National CARES Mentoring Movement ("NCMM") Provides Notice of Data Event

Retrieved on: 
Friday, November 12, 2021
Steps, The Room Where It Happened, Equifax, III, Complaint, Consultant, Education, Identity theft, National, II, ID, Social, Environment, Identity, PST, Nature, Review, TransUnion, Social Security, Name, Letter, NCMM, Risk management, Mail, Payment card, Online shopping

NEW YORK, Nov. 12, 2021 /PRNewswire/ -- National CARES Mentoring Movement ("NCMM") is providing notice of a recent data privacy event that may have affected personal information relating to certain individual consultants and employees.

Key Points: 
  • NEW YORK, Nov. 12, 2021 /PRNewswire/ -- National CARES Mentoring Movement ("NCMM") is providing notice of a recent data privacy event that may have affected personal information relating to certain individual consultants and employees.
  • The investigation determined that there was unauthorized access to the affected accounts between January 16, 2021 and February 3, 2021.
  • NCMM conducted a thorough review of the relevant accounts to identify the types of information stored there and to whom it related.
  • On or about August 26, 2021, NCMM's review determined that the affected accounts contained information related to certain individuals.