Fortune 500

[iheartthed]

Originally Posted by DCReid

I think San Jose/SF would be number 1 based on market cap. Apple alone is $2 trillion cap, between 5-10% of the total market cap of all US companies. Alphabet is over $1 trillion (or near it) as well.
https://companiesmarketcap.com/usa/l...by-market-cap/

Although NYC has the most companies in the Fortune500, none of the NYC companies are in the top 10, two are in the top 20 (JP Morgan Chase and Verizon), and only 7 or 8 are in the top 50.

https://eqvista.com/fortune-500-companies-in-the-us/

It's by metro area, so Johnson & Johnson (#8) would count towards NYC.

SF/SJ certainly have the largest by market cap but I don't think there are enough large market cap companies to overtake NYC.

[dimondpark]

Originally Posted by iheartthed

It's by metro area, so Johnson & Johnson (#8) would count towards NYC.

SF/SJ certainly have the largest by market cap but I don't think there are enough large market cap companies to overtake NYC.

Well, I don't know about that. This is a thread by Manitopiaaa

https://skyscraperpage.com/forum/sho...d.php?t=245282

[dimondpark]

The 2022 List just came out.

Here is a state breakdown and cities proper breakdown of the Fortune 1000.

2022 Fortune 1000 Headquarters By State
California 131
Texas 97
New York 87
Illinois 62
Ohio 54
Pennsylvania 45
Florida 38
Georgia 34
Virginia 34
Massachusetts 33
Colorado 31
Michigan 31
North Carolina 29
Minnesota 27
Connecticut 24
New Jersey 23
Tennessee 22
Missouri 21
Wisconsin 21
Arizona 20
Indiana 19
Washington 17
Nevada 10
Delaware 9
Maryland 8
Oklahoma 8
Nebraska 7
Rhode Island 7
Arkansas 6
District of Columbia 6
Iowa 6
Kentucky 6
Louisiana 5
Oregon 5
Utah 5
Idaho 4
Kansas 4
Alabama 3
South Carolina 3
Hawaii 2
Maine 2
New Hampshire 2
Mississippi 1
North Dakota 1
Vermont 1

I didnt do every city, just the ones I found that had 5 or more.

2022 Fortune 1000 Headquarters By City Proper
New York, New York 69
Houston, Texas 35
Chicago, Illinois 27
Atlanta, Georgia 24
San Francisco, California 22
Dallas, Texas 19
San Jose, California 15
Columbus, Ohio 13
St Louis, Missouri 13
Charlotte, North Carolina 12
Denver, Colorado 11
Irving, Texas 11
Pittsburgh, Pennsylvania 11
Boston, Massachusetts 9
Cincinnati, Ohio 9
Cleveland, Ohio 9
Minneapolis, Minnesota 9
Seattle, Washington 9
Santa Clara, California 9
San Diego, California 8
Omaha, Nebraska 7
Phoenix, Arizona 7
Indianapolis, Indiana 6
Milwaukee, Wisconsin 6
Washington, District of Columbia 6
Reston, Virginia 6
Detroit, Michigan 5
Jacksonville, Florida 5
Los Angeles, California 5
Nashville, Tennessee 5
Philadelphia, Pennsylvania 5
St Paul, Minnesota 5
San Antonio, Texas 5
Spring, Texas 5

[edale]

^ Philly and LA are notable for their under performance.

[R1070]

Irving is a powerhouse. Dang!

[TexasPlaya]

Originally Posted by R1070

Irving is a powerhouse. Dang!

Fortune 1000

Bay Area ( SF + San Jose + Santa Clara) = 46

Houston metro ( Houston + Spring) = 40

Dallas metro (Dallas + Irving) = 30

I would imagine Houston numbers increase the next few years then start dropping precipitously in the 2030s if not late 2020s.

[Hudson11]

Originally Posted by dimondpark

2022 Fortune 1000 Headquarters By City Proper
New York, New York 69

nice

[summersm343]

Originally Posted by edale

^ Philly and LA are notable for their under performance.

Philadelphia has 6 Fortune 1000s in the city limits, so Diamondpark was slightly off.

Still, your point stands. Philadelphia city limits has an awful business tax structure. Despite constant pressure from Philadelphia business leaders to change the tax structure, Philadelphia City Council is so thick-headed and uninterested it’s gross.

There are 35 fortune 1000 companies in the Philadelphia metro in 2022, and only 6 are in the city. Missed opportunity much?

[DCReid]

Originally Posted by R1070

Irving is a powerhouse. Dang!

There's an mixed use development called Las Colinas, that has attracted HQs for decades, plus its close to the DFW airport.

https://en.wikipedia.org/wiki/Las_Co..._Irving,_Texas

[R1070]

Originally Posted by DCReid

There's an mixed use development called Las Colinas, that has attracted HQs for decades, plus its close to the DFW airport.

https://en.wikipedia.org/wiki/Las_Co..._Irving,_Texas

Yep. I work in Las Colinas.

[LA21st]

Originally Posted by kingkirbythe....

It's mostly the headquarters for all the entertainment (music, tv, movies) companies, which may not be big enough for these lists. But there is a ton, just in Santa Monica alone. You'd recongize all the entertainment names. Plus Culver City, Burbank etc.

It still is by far the corporate center for entertainment.

[Nomad9]

Omaha punched above its weight at 7. How many of those are related to Berkshire Hathaway, I wonder?

[ocman]

Originally Posted by dimondpark

F500 data is neat but lately I've been focused more on this.

Cities with the highest number of unicorns worldwide in 2021
*A start up company valued at $1B+
San Francisco 151
Beijing 91
New York 85
Shanghai 71
Shenzhen 32
London 31
Bengaluru 28
Hangzhou 22
Paris 18
Berlin 17
Chicago 15

At this point Fortune 500 city lists is now just a game of luring other cities'/states’ headquarters with cash and tax incentives. It’s not even real anymore. Companies avoiding taxes by relocating like 2% of their company. It’s paper.

[DCReid]

Originally Posted by ocman

At this point Fortune 500 city lists is now just a game of luring other cities'/states’ headquarters with cash and tax incentives. It’s not even real anymore. Companies avoiding taxes by relocating like 2% of their company. It’s paper.

Sort of like this HQ move by Raytheon to Northern VA from Mass.? The article says that no reduction in Mass. employees would result but it still made big headlines.

https://www.msn.com/en-us/money/comp...omMaestro=true

[PhillyRising]

Originally Posted by bilbao58

Dallas and Houston will be flipping rankings soon enough... https://www.houston.org/news/exxonmo...arters-houston

It just made sense for them to finally combine everything in Springwood. That facility was built to combine all of the older legacy Exxon offices already in Houston with all of the functions that were still being done at the old legacy Mobil HQ in Fairfax, VA. They started moving everyone from Fairfax to Houston about a decade ago. I call it the XOM Mothership. It's a pretty impressive campus to see even from the road...because it's not easy to get on it. It's highly secured.

[ocman]

Originally Posted by DCReid

Sort of like this HQ move by Raytheon to Northern VA from Mass.? The article says that no reduction in Mass. employees would result but it still made big headlines.

https://www.msn.com/en-us/money/comp...omMaestro=true

Or Boeing, which relocates its headquarters every minute like they’re the Rams. Remember when Chicago thought that was a big deal?

[TexasPlaya]

I mean there are some legit business hubs with large corporate presences that are far more than just a few hundred employees.

[austlar1]

Originally Posted by TexasPlaya

I mean there are some legit business hubs with large corporate presences that are far more than just a few hundred employees.

But, if most employees, including top executives, are working from home (or some place other than the office) most of the time, how much does a corporate HQ really matter in this day and age? Seems like it is mostly bragging rights for the location in question.

[PhillyRising]

Originally Posted by summersm343

Philadelphia has 6 Fortune 1000s in the city limits, so Diamondpark was slightly off.

Still, your point stands. Philadelphia city limits has an awful business tax structure. Despite constant pressure from Philadelphia business leaders to change the tax structure, Philadelphia City Council is so thick-headed and uninterested it’s gross.

There are 35 fortune 1000 companies in the Philadelphia metro in 2022, and only 6 are in the city. Missed opportunity much?

Well...the current mayor has already checked out...so don't expect him do anything and the Council is not the brightest bunch either. For the city to charge a higher tax rate on commerical property than it does on residential which has been advocated by commercial property owners, it needs Harrisburg to approve it which the GOP controlled legislature hasn't bother to even take up. The whole city tax code needs to be torn up and rewritten but I doubt it will happen in our life time.

[TexasPlaya]

Originally Posted by austlar1

But, if most employees, including top executives, are working from home (or some place other than the office) most of the time, how much does a corporate HQ really matter in this day and age? Seems like it is mostly bragging rights for the location in question.

Upsetting that San Antonio ranks higher than Austin?

I think time will tell how much of a shift occurs. However, the 2022 list still follows relatively recent patterns. NYC, Bay Area, DFW, Houston, Chicago and ATL are major corporate hubs with lots of white collar workers.