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I'm surprised that Minneapolis hasn't had a stronger economy compared to Detroit for many years.
I'd say Minneapolis has had a stronger economy than Detroit, just not larger (until now it seems).
Quote:
Originally Posted by TheseGoTo11
was going to say ExxonMobil for Houston, but just saw they're in Dallas, gotta think D/FW is going to kick serious a-- next few years
with few large market cap companies, would seem issue for MSP and Detroit is how many small businesses will grow in each
Off topic, but the majority of Exxon's employees are in Houston (thousands). DFW has about 300. Also, Exxon Mobil is building a large new corporate campus in North Houston. Their employees in Fairfax are moving there, and it's been rumored the corporate HQ will too (it makes sense, because Exxon did begin in the Houston area). DFW will still be going strong though.
Location: Cleveland bound with MPLS in the rear-view
5,509 posts, read 11,875,397 times
Reputation: 2501
Quote:
Originally Posted by hsw
Second tallest midget in sclerotic, dying RustBelt
Even Chicago has no corporate HQs of any >$100Bn mkt cap cos. in region; two most valuable cos., Abbott and McD's, are in distant suburbs, not in City, and are paltry ~$60Bn mkt cap cos.
And no region in Midwest has created any valuable new cos. in decades
To benchmark it, SiliconValley has ~8 cos. HQd w/>$100Bn mkt cap each; NYC region has ~6 such HQs; Dallas has 2; Houston and LA: none...
I'm failing to see the point of this remark... So unless your city recently sprouted multiple $100 bln. or greater market cap companies in the past two decades during two bubble economies they are "midgets" in the global economy? Imagine the irony of a statement like this considering Detroit use to house multiple top 20 market cap companies in Ford, GM, etc. a few decades ago? If I were you I'd be worried about the "double dip" recession or whatnot, as a region that is nearly 100% dependent on tech is susceptible to greater risk from market fluctuations.
Minneapolis-St. Paul also has hundreds if not thousands of technology and medical start-ups as well. There are so many 'smaller' firms as well that focus on medical devices and other technological stuff. Just because it's not a company with a $100 billion in revenue doesn't mean that they don't employ 12 people with salaries $100,000 +.
I'm failing to see the point of this remark... So unless your city recently sprouted multiple $100 bln. or greater market cap companies in the past two decades during two bubble economies they are "midgets" in the global economy? Imagine the irony of a statement like this considering Detroit use to house multiple top 20 market cap companies in Ford, GM, etc. a few decades ago? If I were you I'd be worried about the "double dip" recession or whatnot, as a region that is nearly 100% dependent on tech is susceptible to greater risk from market fluctuations.
Don't worry. If it's not in a suburban office park in the Silicon Valley it has no meaning. I believe recently the sun has started to revolve around that place...
Second tallest midget in sclerotic, dying RustBelt
Even Chicago has no corporate HQs of any >$100Bn mkt cap cos. in region; two most valuable cos., Abbott and McD's, are in distant suburbs, not in City, and are paltry ~$60Bn mkt cap cos.
And no region in Midwest has created any valuable new cos. in decades
To benchmark it, SiliconValley has ~8 cos. HQd w/>$100Bn mkt cap each; NYC region has ~6 such HQs; Dallas has 2; Houston and LA: none...
More gibberish..
Why do you even bother posting?
Don't forget to bow down 5 times/day towards your "Mecca" ( statue of hedge fund god)...
Don't worry. If it's not in a suburban office park in the Silicon Valley it has no meaning. I believe recently the sun has started to revolve around that place...
Don't be mad because technology is a bigger industry than crack.
Minneapolis-St. Paul also has hundreds if not thousands of technology and medical start-ups as well. There are so many 'smaller' firms as well that focus on medical devices and other technological stuff. Just because it's not a company with a $100 billion in revenue doesn't mean that they don't employ 12 people with salaries $100,000 +.
As kidphilly stated, no need to worry. Many people fail to realize how many agribusinesses are based out of the Minneapolis area (Cargill, CHS, General Mills, Land O'Lakes, Mosaic, etc...). These companies are just as vital, if not more, to our nation's economy and future as those located in Silicon Valley.
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,138 posts, read 16,043,145 times
Reputation: 4047
Quote:
Originally Posted by BlackOut
As kidphilly stated, no need to worry. Many people fail to realize how many agribusinesses are based out of the Minneapolis area (Cargill, CHS, General Mills, Land O'Lakes, Mosaic, etc...). These companies are just as vital, if not more, to our nation's economy and future as those located in Silicon Valley.
I think the entire Twin Cities area goes under the radar for economics, entirely overlooked and crossed off too fast. It has one of the most stable economies in the country.
Congrats Minneapolis !
Minneapolis is a dynamic economy or it's weak as many other miwest cities too ?
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