2018 Fortune 500 by MSA and City (best, largest, places, bigger)

[mpier015]

Originally Posted by Shakeesha

Exactly, see Richmond, VA or Hartford, CT. GDP, household income, economic growth and development are much more telling metrics.

If that was the case for Richmond then those same companies would be located in NOVA. Richmond also performs well in the other metrics you listed. The fact that Richmond is able to obtain this many Fortune 500 companies while sharing a state with the monster that is NOVA is actually a testament to Richmond's strength. Also, those companies could have easily chosen Hampton Roads as well. I did notice that both the city of Richmond and the Richmond MSA made the list. This is not true for Nashville or Bridgeport, CT, where only the MSA made the list. I don't think that I saw Hartford on the list at all. I could be mistaken.

[YIMBY]

Originally Posted by mwj119

So using your logic, Minneapolis is better/more important than San Jose because they have more Fortune 500 companies?

Fortune 500 companies are great and all, but more often than not, a list like this simply compliments the state/city governments ability to attract large corporations via tax incentives/break/cuts. Atlanta and MSP being the prime examples.

Actually, neither Minneapolis nor the state of Minnesota bend over for companies like southern states / cities do. Most, if not all, of the Twin Cities Fortune 500 companies are home grown and are there for reasons other than tax incentives/break/cuts.

[mjtinmemphis]

Originally Posted by marothisu

The 2018 Fortune 500 recently came out and I put it together by MSA and City. I am not doing CSA as not much would change except for the Bay Area would be 3rd behind NYC and Chicago and NYC would further its already sizable lead. DC-Baltimore would remain unchanged as there's no F500 companies HQ'd in the Baltimore MSA this year.

Fortune 500 Companies 2018: Who Made the List

By MSA
1. NYC MSA: 79 companies
2. Chicago MSA: 35 companies
3. Dallas MSA: 22 companies
4. Houston MSA: 21 companies
5. Minneapolis MSA: 18 companies
6. San Francisco MSA: 17 companies
7. San Jose MSA: 16 companies
8T. Atlanta MSA: 15 companies
8T. Washington DC MSA: 15 companies
10. Los Angeles MSA: 13 companies
11T. Philadelphia MSA: 11 companies
11T. Seattle MSA: 11 companies
13T. Boston MSA: 10 companies
13T. Denver MSA: 10 companies
13T. Detroit MSA: 10 companies
13T. St. Louis MSA: 10 companies
17. Cincinnati MSA: 9 companies
18T. Miami MSA: 7 companies
18T. Milwaukee MSA: 7 companies
18T. Nashville MSA: 7 companies
18T. Pittsburgh MSA: 7 companies
18T. Richmond, VA MSA: 7 companies
23T. Bridgeport, CT MSA: 6 companies
23T. Charlotte MSA: 6 companies
23T. Phoenix MSA: 6 companies


By City Proper
1. New York, NY: 49 companies
2. Houston, TX: 19 companies
3. Atlanta, GA: 13 companies
4. Chicago, IL: 12 companies (* McDonald's recently moved from a nearby suburb to the city. Even if not counted it would stay the same ranking)

5. Dallas, TX: 9 companies
6T. Cincinnati, OH: 7 companies
6T. San Francisco, CA: 7 companies
6T. St. Louis, MO: 7 companies
9T. Irving, TX: 6 companies
9T. Minneapolis, MN: 6 companies
9T. Pittsburgh, PA: 6 companies
9T. San Jose, CA: 6 companies
9T. Seattle, WA: 6 companies
14T. Charlotte, NC: 5 companies
14T. Englewood, CO: 5 companies
14T. Milwaukee, WI: 5 companies
14T. Richmond, VA: 5 companies
18T. Boston, MA: 4 companies
18T. Deerfield, IL: 4 companies
18T. Detroit, MI: 4 companies
18T. McLean, VA: 4 companies
18T. Norwalk, CT: 4 companies
18T. Omaha, NE: 4 companies
18T. Phoenix, AZ: 4 companies
18T. Plano, TX: 4 companies
18T. San Antonio, TX: 4 companies
18T. St. Paul, MN: 4 companies

Very interesting. I am surprised Charlotte is at 6 and Philly is at 11? I thought they where higher than that. When did St. Louis and Detroit tie at 10?

[Shakeesha]

[quote=mpier015;51980862]If that was the case for Richmond then those same companies would be located in NOVA. Richmond also performs well in the other metrics you listed.[ /QUOTE]

The point was not to diminish Richmond, but to point out that based on the number of Fortune 500 conpanies, you cannot use that metric alone in considering how important a city is. Richmond's GDP is also substantially lower than Nashville while also having higher crime and much lower population growth. To your points though, Richmond must be doing something well to attract and retain its corporations given much more substantial metro areas being nearby such as NOVA, Baltimore, and to a lesser degree Raleigh.

The fact that Richmond is able to obtain this many Fortune 500 companies while sharing a state with the monster that is NOVA is actually a testament to Richmond's strength. Also, those companies could have easily chosen Hampton Roads as well. I did notice that both the city of Richmond and the Richmond MSA made the list. This is not true for Nashville or Bridgeport, CT, where only the MSA made the list.

I don't think that I saw Hartford on the list at all. I could be mistaken.

I meant to put Bridgeport not Hartford but you had already responded before I could make the correction.

Nashville's major industries in health care, music, and hospitality are often glossed over in their importance, particularly from a national perspective. Nashville has a large wealthy population, but a much larger low income/working class population as well. Since more than 90% of Davidson County is Nashville, its numbers are very skewed unlike Richmond which has very small city limits.

[Ant131531]

Originally Posted by mwj119

So using your logic, Minneapolis is better/more important than San Jose because they have more Fortune 500 companies?

Fortune 500 companies are great and all, but more often than not, a list like this simply compliments the state/city governments ability to attract large corporations via tax incentives/break/cuts. Atlanta and MSP being the prime examples.

It's not like many of Atlanta's famous Fortune 500 companies weren't homegrown. Delta, Home Depot, Coca Cola, Southern Company, among others were all started and grew up in the Atlanta area.

[Mutiny77]

Originally Posted by mjtinmemphis

Very interesting. I am surprised Charlotte is at 6 and Philly is at 11? I thought they where higher than that. When did St. Louis and Detroit tie at 10?

Charlotte used to have a couple more F500 HQs but that number has diminished mainly due to acqusitions and mergers.

[cpomp]

Not to nitpick, but Philadelphia metro is at 12 not 11.

And a majority of them are located in the burbs not the actual city.

[mjtinmemphis]

Originally Posted by Mutiny77

Charlotte used to have a couple more F500 HQs but that number has diminished mainly due to acqusitions and mergers.

That shows how fast things change in the business world.

[cpomp]

Originally Posted by mjtinmemphis

Very interesting. I am surprised Charlotte is at 6 and Philly is at 11? I thought they where higher than that. When did St. Louis and Detroit tie at 10?

Philadelphia area has 12 from what I saw. Had 14 last year, but two companies were just shy of the top 500. There area always fluctuations from year to year.

[the topper]

Originally Posted by marothisu

They have a cut off for these things, so the 2019 rankings should have what you say basically. This is for 2018 but they calculate I think during 4Q 2017.

Broadcom just moved their headquarters to North San Jose this month, and Hewlet Packard will move in this fall. San Jose proper will have 8 or 9 Fortune 500 corporations next year's Fortune 500 list