Midwest Region`s Middle Market Perspectives on Government

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MIDDLEMARKETCENTER.ORG
Midwest Region’s Middle Market Perspectives on Government Services
MIDWEST REGION’S MIDDLE MARKET COMPARED TO THE U.S. MIDDLE MARKET
STATES INCLUDED IN THIS REGION:
Illinois, Indiana, iowa, kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin
The U.S. middle market is the fastest growing segment of
therefore took an election-year opportunity to ask middle
the economy. But it is often stuck in the middle: too big to
market executives to evaluate the quality and impact of the
qualify for special services or to be exempt from regulations,
government services they receive. This data shows how the
and too large to field government-affairs teams at seats
Midwest Region’s middle market view of government services
of government. The National Center for the Middle Market
compares to the view of the U.S. middle market as a whole.
IMPORTANCE OF GOVERNMENT FUNCTIONS TO BUSINESS OPERATIONS
MIDWEST REGION’S MIDDLE MARKET
NATIONAL MIDDLE MARKET
29%
30%
44%
49%
61%
63%
33%
31%
28%
25%
19%
19%
39%
38%
28%
20%
26%
18%
REGULATIONS,
RULES &
INCENTIVES/
SUBSIDIES
BASIC
SERVICES
VALUE-ADDED
SERVICES
Extremely/Very Important
REGULATIONS,
RULES &
INCENTIVES/
SUBSIDIES
BASIC
SERVICES
Somewhat Important
VALUE-ADDED
SERVICES
Not Very/At All Important
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PERCENT AT LEAST SOMEWHAT SATISFIED WITH GOVERNMENT SERVICES
MIDWEST REGION’S MIDDLE MARKET
62%
NATIONAL MIDDLE MARKET: 57%
BASIC
SERVICES
53%
NATIONAL MIDDLE MARKET: 52%
43%
NATIONAL MIDDLE MARKET: 38%
51%
NATIONAL MIDDLE MARKET: 47%
REGULATIONS,
RULES &
INCENTIVES/
SUBSIDIES
51%
NATIONAL MIDDLE MARKET: 42%
38%
NATIONAL MIDDLE MARKET: 34%
49%
NATIONAL MIDDLE MARKET: 45%
VALUE-ADDED
SERVICES
48%
NATIONAL MIDDLE MARKET: 43%
33%
NATIONAL MIDDLE MARKET: 34%
Local
State
Federal
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VALUE FOR THE MONEY FOR THE TAXES/FEES PAID TO EACH LEVEL OF GOVERNMENT
MIDWEST REGION’S MIDDLE MARKET
7%
5%
17%
6%
5%
26%
24%
NATIONAL MIDDLE MARKET
20%
15%
21%
3%
4%
24%
18%
16%
20%
16%
13%
36%
29%
42%
40%
47%
45%
28%
30%
51%
22%
25%
21%
25%
31%
34%
29%
48%
38%
21%
7%
9%
LOCAL
STATE
20%
FEDERAL
Extremely Good
Very Good
10%
13%
LOCAL
STATE
Somewhat Good
FEDERAL
Not Very Good
Not At All Good
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COMPANY’S REGULATORY BURDEN
9+50+401L 13+51+351L
MIDWEST REGION’S MIDDLE MARKET
1%
NATIONAL MIDDLE MARKET
1%
9%
13%
35%
40%
50%
51%
Unmanageably High
High, But Manageable
Less Than Optimal
About Right
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IMPACT OF REGULATIONS ON BUSINESSES BY LEVEL OF GOVERNMENT
MIDWEST REGION’S MIDDLE MARKET
NATIONAL MIDDLE MARKET
38%
42%
54%
58%
55%
59%
89%
87%
87%
89%
78%
83%
51%
47%
33%
32%
25%
19%
FEDERAL
STATE
LOCAL
STATE
LOCAL
Minor
FEDERAL
Major
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QUALITY OF EXPERIENCE WITH A GOVERNMENT OFFICIAL
MIDWEST REGION’S MIDDLE MARKET
13%
16%
23%
NATIONAL MIDDLE MARKET
12%
15%
19%
44%
46%
58%
71%
32%
54%
33%
39%
64%
42%
45%
48%
34%
31%
34%
54%
36%
20%
27%
42%
29%
56%
46%
36%
22%
23%
12%
9%
9%
6%
LOCAL
STATE
FEDERAL
Quite Good, Actually
They Do Their Best
STATE
LOCAL
FEDERAL
They Barely Try
They Are So-So
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EXTENT TO WHICH REGULATIONS FROM DIFFERENT LEVELS OF GOVERNMENT COMPOUND EACH OTHER
29+42+29L 31+41+28L
MIDWEST REGION’S MIDDLE MARKET
NATIONAL MIDDLE MARKET
28%
29%
29%
31%
41%
42%
Major Compounding Effect
Some Compounding Effect
No Compounding Effect
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PREFERENCE BETWEEN LOWERING TAXES OR MAKING TAXES LESS COMPLEX
41+50+9L 42+50+8L
MIDWEST REGION’S MIDDLE MARKET
NATIONAL MIDDLE MARKET
8%
9%
41%
42%
50%
50%
Lower Taxes
Make Taxes Less Complex
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IN COLLABORATION WITH
Neither