Newspaper article THE JOURNAL RECORD

Survey Shows Mid-Sized Corporations' Growth Up

Newspaper article THE JOURNAL RECORD

Survey Shows Mid-Sized Corporations' Growth Up

Article excerpt

CHICAGO (AP) - Medium-sized corporations grew an average of 15 percent over the past year and are projecting a continued healthy growth rate for the next year, a new survey indicates.

""Within the organizations, administrative, information services, sales and finance were divisions that experienced the most intense corporate growth rate,'' said Donn A. Carter of The Computer-Aided Design Group of Marina del Rey, Calif., which conducted the survey released Tuesday.

Thomas Whisler, professor of business economics at University of Chicago, linked the survey to the recent wave of buyouts of smaller companies by larger ones.

""These smaller companies go like crazy at first. Then they run out of gas,'' Whisler said in a telephone interview. ""The people that start them really aren't cut out for the long haul, and these middle-sized companies that have a good eye for such things gobble them up.''

Much of the reported and projected growth of space and equipment was in the manufacturing, insurance and banking industries, according to the survey of 100 corporate managers by the computer software firm.

Forty-two percent of those expanding companies attributed their expansion to mergers and acquisitions, while 30 percent credited new products for their increased facilities, Carter said at a Chicago news conference. …

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