The middle market refers to a segment of the economy that falls between the large, established corporations and the small, emerging businesses. It is characterized by companies with annual revenues ranging from $10 million to $1 billion, and typically includes privately-owned businesses, family-owned enterprises, and some publicly-traded companies. These companies often have a strong regional or national presence and are considered the backbone of the economy, driving job creation and economic growth. The middle market is a dynamic and diverse sector, encompassing a wide range of industries and providing opportunities for both established and up-and-coming businesses to thrive.