Top 10 Metro Areas with Fortune 500 HQ's

[SkyHigh529]

Here is an interesting list:

The Top 10 Metropolitan Areas with Fortune 500 Headquarters in 2004
1. New York-Northern New Jersey-Long Island, NY-NJ-PA- 71
2. Chicago-Naperville-Joliet, IL-IN-WI - 31
3. Houston-Baytown-Sugar Land, TX- 20
4. Los Angeles-Long Beach-Santa Ana, CA - 18
5. Minneapolis-St. Paul-Bloomington, MN-WI - 18
6. Dallas-Fort Worth-Arlington, TX - 17
7. Detroit-Warren-Livonia, MI - 16
8. Philadelphia-Camden-Wilmington, PA-NJ-DE - 15
9. Washington-Arlington-Alexandria, DC-VA-MD - 15
10. Atlanta-Sandy Springs-Marietta, GA - 14

[Velvetj]

I'm surprised San Francisco isn't on there, considering they are talking about Metro Areas.

[SkyHigh529]

It's probably in the Top 20, but I searched and searched but couldn't find an expanded list for the Top 20.

You can also go to Fortune.com and try to count how many are in San Francisco yourself, but it's hard if you don't know what towns are included in its MSA.

[teshadoh]

This would be an interesting list: list of cities with Fortune 500 companies in their CBD.

[SkyHigh529]

Well, this isn't only CBD, but this list is for cities only, not including metro areas.

Rank City HQ
1 New York City 40
2 Houston 18
3 Atlanta 12
4 Chicago 11
5 Charlotte 7
5 Dallas 7
6 Philadelphia 7
6 Pittsburgh 7
6 San Francisco 7
10 Birmingham 6
10 Cincinnati 6
10 Cleveland 6
10 Milwaukee 6
10 Minneapolis 6
10 Seattle 6
10 St. Louis 6
17 Boston 5
17 Omaha 5
17 Richmond 5
17 San Antonio 5
17 Stamford, CT 5
17 Troy, MI 5

[SkyHigh529]

I just noticed that Philly, Pitt, and San are ranked 6 though they have 7 HQ's like Dallas and Charlotte, I'm not sure how that happened, I just copied and pasted.

[bay_area]

As far as CSAs(San Francisco-Oakland-San Jose)go, The Bay Area is 3rd.

6. ChevronTexaco Corp., San Ramon, Calif., 7, $112.937
11. Hewlett-Packard Co., Palo Alto, Calif., 14, $73.061
16. McKesson Corp., San Francisco, 20, $57.129
37. Safeway Inc., Pleasanton, Calif., 41, $35.553
49. Wells Fargo & Co., San Francisco, 46, $31.800
53. Intel Corp., Santa Clara, Calif., 58, $30.141
100. Cisco Systems Inc., San Jose, Calif., 95, $18.878
124. The Gap Inc., San Francisco, 130, $15.854
167. Solectron Corp., Milpitas, Calif., 158, $11.700
173. Sun Microsystems Inc., Santa Clara, Calif., 155, $11.434
179. PG&E Corp., San Francisco, 140, $11.221
188. Sanmina-SCI Corp., San Jose, Calif., 214, $10.361
208. Oracle Corp., Redwood City, Calif., 190, $9.475
226. Calpine Corp., San Jose, Calif., 246, $8.997
301. Apple Computer Inc., Cupertino, Calif., 300, $6.207
305. Agilent Technologies Inc., Palo Alto, Calif., 292, $6.056
389. Longs Drug Stores Corp., Walnut Creek, Calif., 367, $4.527
392. Applied Materials Inc., Santa Clara, Calif., 327, $4.477
402. The Charles Schwab Corp., San Francisco, 364, $4.328
416. The Clorox Co., Oakland, 394, $4.171
422. Levi Strauss & Co., San Francisco, 389, $4.091
423. Maxtor Corp., Milpitas, Calif., 421, $4.086
440. Golden West Financial Corp., Oakland, 425, $3.842
447. Ross Stores Inc., Newark, Calif., 444, $3.786
473. Advanced Micro Devices Inc., Sunnyvale, Calif., 535, $3.519

And as far as Fortune 1000 Companies go, The Bay Area is 3rd as well. Speaking of which, when talking about total revenue of Fortune 1000 Companies, The Bay Area ranks 6th in the World behind Tokyo, New York, Paris, London and Detroit(GM and Ford are massive)

[Dampyre]

As far as CSAs(San Francisco-Oakland-San Jose)go, The Bay Area is 3rd.

6. ChevronTexaco Corp., San Ramon, Calif., 7, $112.937
11. Hewlett-Packard Co., Palo Alto, Calif., 14, $73.061
16. McKesson Corp., San Francisco, 20, $57.129
37. Safeway Inc., Pleasanton, Calif., 41, $35.553
49. Wells Fargo & Co., San Francisco, 46, $31.800
53. Intel Corp., Santa Clara, Calif., 58, $30.141
100. Cisco Systems Inc., San Jose, Calif., 95, $18.878
124. The Gap Inc., San Francisco, 130, $15.854
167. Solectron Corp., Milpitas, Calif., 158, $11.700
173. Sun Microsystems Inc., Santa Clara, Calif., 155, $11.434
179. PG&E Corp., San Francisco, 140, $11.221
188. Sanmina-SCI Corp., San Jose, Calif., 214, $10.361
208. Oracle Corp., Redwood City, Calif., 190, $9.475
226. Calpine Corp., San Jose, Calif., 246, $8.997
301. Apple Computer Inc., Cupertino, Calif., 300, $6.207
305. Agilent Technologies Inc., Palo Alto, Calif., 292, $6.056
389. Longs Drug Stores Corp., Walnut Creek, Calif., 367, $4.527
392. Applied Materials Inc., Santa Clara, Calif., 327, $4.477
402. The Charles Schwab Corp., San Francisco, 364, $4.328
416. The Clorox Co., Oakland, 394, $4.171
422. Levi Strauss & Co., San Francisco, 389, $4.091
423. Maxtor Corp., Milpitas, Calif., 421, $4.086
440. Golden West Financial Corp., Oakland, 425, $3.842
447. Ross Stores Inc., Newark, Calif., 444, $3.786
473. Advanced Micro Devices Inc., Sunnyvale, Calif., 535, $3.519

And as far as Fortune 1000 Companies go, The Bay Area is 3rd as well. Speaking of which, when talking about total revenue of Fortune 1000 Companies, The Bay Area ranks 6th in the World behind Tokyo, New York, Paris, London and Detroit(GM and Ford are massive)

That's all well and good but Chicago's CME alone has yearly cash settlements equal to the revenue of the Bay Area's top 8 companies.

[Dampyre]

Here's a list of Chicago's largest public companies ranked by revenue. 63 of them have revenues in excess of $1 billion.

http://chicagobusiness.com/cgi-bin/article.pl?feature_id=7&page_id=1535&format=list

[bay_area]

That's all well and good but Chicago's CME alone has yearly cash settlements equal to the revenue of the Bay Area's top 8 companies.
Great, I'll keep that in mind the next time we actually address that issue. :)

Here's a list of Chicago's largest public companies ranked by revenue. 63 of them have revenues in excess of $1 billion
Good. The Bay Area has 67 Publicly Traded Companies with over $1 Billion in Revenue.

http://sfgate.com/cgi-bin/topco/chart/rank?year=2004

[Dampyre]

Great, I'll keep that in mind the next time we actually address that issue. :)

Cool, next time I'll throw in the other exchanges. BTW, Archipelago is in the process of buying the Pacific Stock Exchange if they already haven't. :)


Good. The Bay Area has 67 Publicly Traded Companies with over $1 Billion in Revenue.

http://sfgate.com/cgi-bin/topco/chart/rank?year=2004

That's very impressive. Chicago still has more Fortune 1000 companies. There are also another 19 private companies with revenues over $1 billion. :)

[bay_area]

Archipelago is in the process of buying the Pacific Stock Exchange if they already haven't.
Well, Archipelago is on the cutting edge of electronic trading-a perfect fit IMO. It's a win-win for all involved.

[bay_area]

The Houston Area has 45 Publicly Traded Companies with over $1 Billion in Revenue

http://www.chron.com/content/chronicle/special/04/100/charts/chronicle1001.html

[SkyHigh529]

As far as CSAs(San Francisco-Oakland-San Jose)go, The Bay Area is 3rd.

6. ChevronTexaco Corp., San Ramon, Calif., 7, $112.937
11. Hewlett-Packard Co., Palo Alto, Calif., 14, $73.061
16. McKesson Corp., San Francisco, 20, $57.129
37. Safeway Inc., Pleasanton, Calif., 41, $35.553
49. Wells Fargo & Co., San Francisco, 46, $31.800
53. Intel Corp., Santa Clara, Calif., 58, $30.141
100. Cisco Systems Inc., San Jose, Calif., 95, $18.878
124. The Gap Inc., San Francisco, 130, $15.854
167. Solectron Corp., Milpitas, Calif., 158, $11.700
173. Sun Microsystems Inc., Santa Clara, Calif., 155, $11.434
179. PG&E Corp., San Francisco, 140, $11.221
188. Sanmina-SCI Corp., San Jose, Calif., 214, $10.361
208. Oracle Corp., Redwood City, Calif., 190, $9.475
226. Calpine Corp., San Jose, Calif., 246, $8.997
301. Apple Computer Inc., Cupertino, Calif., 300, $6.207
305. Agilent Technologies Inc., Palo Alto, Calif., 292, $6.056
389. Longs Drug Stores Corp., Walnut Creek, Calif., 367, $4.527
392. Applied Materials Inc., Santa Clara, Calif., 327, $4.477
402. The Charles Schwab Corp., San Francisco, 364, $4.328
416. The Clorox Co., Oakland, 394, $4.171
422. Levi Strauss & Co., San Francisco, 389, $4.091
423. Maxtor Corp., Milpitas, Calif., 421, $4.086
440. Golden West Financial Corp., Oakland, 425, $3.842
447. Ross Stores Inc., Newark, Calif., 444, $3.786
473. Advanced Micro Devices Inc., Sunnyvale, Calif., 535, $3.519

And as far as Fortune 1000 Companies go, The Bay Area is 3rd as well. Speaking of which, when talking about total revenue of Fortune 1000 Companies, The Bay Area ranks 6th in the World behind Tokyo, New York, Paris, London and Detroit(GM and Ford are massive)

Where can I find this information?

[samsonyuen]

Good for Minneapolis and Detroit!

[bay_area]

Where can I find this information?

The 2004 Fortune 500......http://www.usatoday.com/money/companies/2004-03-22-fortune-500-list_x.htm

As far as The World Cities Ranked by Revenue of Global 1000 Companies..I think back in the summer it was, "Philip Cronin", a Forum Member over at SSP did a detailed ranking of Metro Areas based on the total revenue of their companies that made the Global 1000(Revenue).....I remember the Top Cities by heart, but alas I couldnt retrieve it by searching in SSP.....I wonder if anyone out there saved it? Anyway, he did all the companies in the list and it was very fascinating. The Cities that totaled above $300B(In order) were Tokyo, New York, Paris, London, Detroit, San Francisco and Munich.


Here are The 50 Most Valuable Companies in the World, 2004...Not the same as Revenue, but interesting nonetheless.
http://www.finfacts.com/img/topco.1.gif

[Toggie]

Minneapolis will have 20 next year if none fall off. since that list was made one F500 company has moved here and American Express is spinning it's financial advisor's company which will become a Minneapolis based company and should make the list by a fair margin.

[bay_area]

Speaking of Minneapolis. Wells Fargo by all accounts SHOULD be a Minneapolis Company because NorWest Financial bought WF in recent years. When they decided to take WFs name MOVE their HQ from Minneapolis to SF, there was a collective sigh in the Bay Area financial community-thanks for looking out :)

But we've lost some biggies too. Bank of America(that one still hurts) and Pacific Bell(bought by SBC) are the most prominent ones.

[NovaWolverine]

Does anyone have a number for the Washington-Baltimore area. I know Mont. Cty and Fairfax(6) have quite a few.

[mhays]

Another incorrect comparison! Or should I say misused.

The original list of "metro" areas doesn't seem count much of what we consider metros.

They apparently just use primary metro areas. Not consolidated metro areas, now refered to as CMAs I think.

Not that they seem consistent.

Anyway, I bet San Francisco's "metro" doesn't count San Jose or Oakland. If it did its numbers would be higher.

[NovaWolverine]

A lot of them would, but I agree, places like DC and SF would go up a lot more.

[City of Lakes]

Well, this isn't only CBD, but this list is for cities only, not including metro areas.

Rank City HQ
1 New York City 40
2 Houston 18
3 Atlanta 12
4 Chicago 11

5 Charlotte 7
5 Dallas 7
6 Philadelphia 7
6 Pittsburgh 7
6 San Francisco 7

10 Minneapolis 6


If you're using 2004 rakings, then Minneapolis would be right behind Chicago with 8 Fortune 500 companies.

23. Target Corp., Minneapolis
133. U.S. Bancorp, Minneapolis
186. General Mills Inc., Minneapolis
254. Xcel Energy Inc., Minneapolis
263. Medtronic Inc., Minneapolis
284. Thrivent Financial for Lutherans, Minneapolis
433. Nash Finch Co., Minneapolis
498. PepsiAmericas Inc., Minneapolis

[Jasonhouse]

That's all well and good but Chicago's CME alone has yearly cash settlements equal to the revenue of the Bay Area's top 8 companies.

And what on God's earth does that have to do with this thread's topic?

Quit hijacking threads.

[HoustonTexas]

I am impressed with all of the cities!

Besides NYC and Chicago, I didn't know all of those cities (Including Houston) had that many!

I thought Exxon Mobile was numero Uno Fortune 500 company? Isn't it in Irving...?

[SkyHigh529]

^Yes, I'm pretty sure that Exxon Mobile is in Irving... no, in fact I'm positive because I saw something about it on the news when Wal Mart replaced it as the worlds largest or most valuable company...

[bay_area]

GE and Microsoft are the most 2 "valuable"(as far as Market Value) companies in the world. WalMart and Exxon are 1 and 2 in Sales Revenue.

[James704]

Bump

[ironchapman]

Well, this isn't only CBD, but this list is for cities only, not including metro areas.

Rank City HQ
1 New York City 40
2 Houston 18
3 Atlanta 12
4 Chicago 11
5 Charlotte 7
5 Dallas 7
6 Philadelphia 7
6 Pittsburgh 7
6 San Francisco 7
10 Birmingham 6
10 Cincinnati 6
10 Cleveland 6
10 Milwaukee 6
10 Minneapolis 6
10 Seattle 6
10 St. Louis 6
17 Boston 5
17 Omaha 5
17 Richmond 5
17 San Antonio 5
17 Stamford, CT 5
17 Troy, MI 5
Atlanta beat Chicago!?!
:eek2: :eek2: :eek2: :eek2:

[digital_slash]

Atlanta beat Chicago!?!
:eek2: :eek2: :eek2: :eek2:


yeah. damn suburbs.

too bad I live in them (shrug).

[The Urban Politician]

Atlanta beat Chicago!?!
:eek2: :eek2: :eek2: :eek2:

^Yeah, but Chicago's CBD is heavily loaded with firms related to finance, REIT's, law firms , insurance, and specialized corporate services (the important sectors of the modern economy). Headquarters location is rather arbitrary now...

[LAuniverse]

Headquarters location is rather arbitrary now...


For once, I agree with this guy. F500 HQ's are overrated gauges of economic importance. How can Charlotte's or Minneapolis's importance be compared to LA, Chicago, SF, Houston, and other much larger metros? There's many more things to consider with regard to metro economies than a couple of domestic HQ's.

[The anti-cheesehead]

For once, I agree with this guy. F500 HQ's are overrated gauges of economic importance. How can Charlotte's or Minneapolis's importance be compared to LA, Chicago, SF, Houston, and other much larger metros? There's many more things to consider with regard to metro economies than a couple of domestic HQ's.

I don't think Fortune 500 HQs lists are used as a gauge of economic importance, it's just that it irks you to see little Minneapolis tied with LA on any list. Don't worry, we all know backwoods Minneapolis can't possibly be compared to the powerhouse that is LA, but thanks for setting the record straight anyway. Lol.

[The Urban Politician]

For once, I agree with this guy. F500 HQ's are overrated gauges of economic importance. How can Charlotte's or Minneapolis's importance be compared to LA, Chicago, SF, Houston, and other much larger metros? There's many more things to consider with regard to metro economies than a couple of domestic HQ's.

^And for once, I agree with this guy :)

Corporations are, nowadays, considered equivalent to very rich individuals. Long ago middle-class and rich individuals abandoned cities for suburbia and smaller towns. Corporations are following suit.

But when a rich individual desires top-notch culture, entertainment, plastic surgery, cuisine, etc, he heads to NY, LA, or Chicago (and some other cities). Same goes for a corporation that needs a new marketing or advertising firm, or needs to be represented in court by a major law firm, or wants to hire a new accounting/assets management firm, etc--they head to the big cities.

That is the role of major cities in the new economy....

[LAuniverse]

I don't think Fortune 500 HQs lists are used as a gauge of economic importance, it's just that it irks you to see little Minneapolis tied with LA on any list. Don't worry, we all know backwoods Minneapolis can't possibly be compared to the powerhouse that is LA, but thanks for setting the record straight anyway. Lol.

No, it doesn't irk me at all. As offensive as it may sound, minneapolis does not have the economic importance of LA. I apologize if your city was a convenient example for illustrating my point. Nothing personal. And no, Minn is not backwoods just because it's not in the same league as LA. Same thing as saying LA is not backwoods simply because it's not in the same league as Tokyo. Tokyo's economic might does not make LA a shithole and LA's does not do likewise for Minneapolis.

[The anti-cheesehead]

I apologize if your city was a convenient example for illustrating my point.

It's not that it's a convenient example, it's the only example. Minneapolis/St. Paul is really the only metro on that list that seems out of place. The rest of the list isn't that surprising.

[ap_gyde]

While Fortune 500s only tell part of the story, they do tell an important part of the overall quality of the city. Fortune 500s employ and spend lots of money in their headquarterd metro area, whether thay are in the CBD or not. They typically do a lot of non-profit giving as well.

So, for example, a city with high numbers of Fortune 500s per capita, such as Minneapolis, in general will have an overall higher quality of life/standard of living than a place with a lower per capita number.

It is also relevant to not just look at all Fortune 500s as equal. The closer you are to the top, the more people you are likely to employ and more money you will spend in the area. So, even if a city boats more on the list, but they scew towards the bottom, it may be less influential than a city with less that scews towards the top.

[LAuniverse]

^I don't buy the trickle down theory. At least not to that extent. With F500's you are really looking at a "tip of the iceberg" scenario. Their are many large companies that aren't F500's, foreign companies doing business locally (national HQ's), large privately held corporations, etcetera.

And as for philanthropy, there are zillions of non-F500 ways from which non-profits can take hold, exceptionally rich residents being but one. The economy of a large metro is much too complicated for a trickle-down explanation. Your theory would only hold true in cities the size of Minneapolis or Charlotte ;)

[Navin]

If you're using 2004 rakings, then Minneapolis would be right behind Chicago with 8 Fortune 500 companies.

23. Target Corp., Minneapolis
133. U.S. Bancorp, Minneapolis
186. General Mills Inc., Golden Valley
254. Xcel Energy Inc., Minneapolis
263. Medtronic Inc., Fridley
284. Thrivent Financial for Lutherans, Minneapolis
433. Nash Finch Co., Edina
498. PepsiAmericas Inc., Minneapolis

3 of those are suburban. There are 5 within the Minneapolis city limits (all downtown), and a 6th will be added in 2005: Ameriprise Financial.

[ap_gyde]

Show me the city that has only Fortune 500 companys in it, or a massive powerful city with none and I'll agree there is no trickle down. What I was saying is that Fortune 500s are ONE indicator of the overall economic health of an area. An average city is going to have equal proportion large public and large private corporations. I don't think any given metro is overwhelmingly disproportionatly held public, private, foreign, etc. Fortune 500s are an indicator of what else is going on in the area.

I think I made myself clear that not all Fortune 500s are to be trated equally, and from that you could guess I was aware that number 501 is just as important as number 500.

And as for the philonthropy of extra-rich individuals, you may want to look and see how many of those folks in an avergae city either work near the top of or receive wealth from local Fortune 500s.

[The anti-cheesehead]

Speaking of Minneapolis. Wells Fargo by all accounts SHOULD be a Minneapolis Company because NorWest Financial bought WF in recent years. When they decided to take WFs name MOVE their HQ from Minneapolis to SF, there was a collective sigh in the Bay Area financial community-thanks for looking out :)

I understand why Norwest chose to use the Wells Fargo name, but I wonder why they wanted their headquarters in San Francisco? Certainly not because it was cheaper.

Your theory would only hold true in cities the size of Minneapolis or Charlotte

Why do you keep bringing up Charlotte and Minneapolis together? Charlotte is not in this top 10 list.

[LAuniverse]

Why do you keep bringing up Charlotte and Minneapolis together? Charlotte is not in this top 10 list.

Because they are ubiquitous here for the disproportionate size and number of F500's

[ap_gyde]

Of the top ten MSAs for Fortune 500s

Fortune 500 Companys per capita (per 1,000,000) MSAs
Minneapolis - 6.0
Houston - 4.3
New York - 3.4
Chicago - 3.4
Atlanta - 3.4
Dallas - 3.3
Detroit - 2.9
Philly - 2.4
Washington - 2.0
LA - 1.1

Charlotte as a city (not sure if there are other Fortune 500s in the Charlotte MSA) would score 4.7, just ahead of Houston, but still well below Minneapolis.

One other thing though, on the data cited earlier, USA Today, I only counted 15 in the Minneapolis MSA...that would score it at about 5.0, just ahead of Charlotte and Houston.

[Navin]

One other thing though, on the data cited earlier, USA Today, I only counted 15 in the Minneapolis MSA...that would score it at about 5.0, just ahead of Charlotte and Houston.

Minneapolis Facts from the USA Today list....

023. Target Corp., Minneapolis, $48.163
054. UnitedHealth Group Inc., Minnetonka, Minn., $28.823
078. Best Buy Co. Inc., Richfield, Minn., $22.673
099. Supervalu Inc., Eden Prairie, Minn., $19.160
105. 3M, Oakdale, Minn., $18.232
133. U.S. Bancorp, Minneapolis, $15.354
186. General Mills Inc., Golden Valley, Minn., $10.506
207. Northwest Airlines Corp., Eagan, Minn., $9.510
212. CHS Inc., Inver Grove Heights, Minn., $9.399
227. The St. Paul Cos. Inc., St. Paul, $8.958
254. Xcel Energy Inc., Minneapolis, $7.939
263. Medtronic Inc., Fridley, Minn., $7.665
284. Thrivent Financial for Lutherans, Minneapolis, $6.575
308. Land O'Lakes Inc., Arden Hills, Minn., $5.978
411. Hormel Foods Corp., Austin, Minn., $4.200
433. Nash Finch Co., Edina, Minn., $3.972
451. Ecolab Inc., St. Paul, $3.762
467. C. H. Robinson Worldwide Inc., Eden Prairie, Minn., $3.614
498. PepsiAmericas Inc., Minneapolis, $3.237

The USA Today list shows 19 headquarters in Minnesota (18 in the MSA):

05 - Downtown Minneapolis
02 - Downtown St. Paul
11 - Outside downtowns, within the M.S.A.
01 - Rural

Cargill is private and so not listed, but would be about 15th on Fortune with $62 billion in 2003. It is the largest private company in the US and headquartered in Minnetonka.

[PDXPaul]

Gotta love Cargill, I'd put all my money into them if they ever went public. Dominating agribusiness and agribiotech and all privately held. Although I've read about the Chinese nipping on their heels for control of genetically engineered foods.

[LAuniverse]

Of the top ten MSAs for Fortune 500s

Fortune 500 Companys per capita (per 1,000,000) MSAs
Minneapolis - 6.0
Houston - 4.3
New York - 3.4
Chicago - 3.4
Atlanta - 3.4
Dallas - 3.3
Detroit - 2.9
Philly - 2.4
Washington - 2.0
LA - 1.1

Charlotte as a city (not sure if there are other Fortune 500s in the Charlotte MSA) would score 4.7, just ahead of Houston, but still well below Minneapolis.

One other thing though, on the data cited earlier, USA Today, I only counted 15 in the Minneapolis MSA...that would score it at about 5.0, just ahead of Charlotte and Houston.

bingo

[spencer114]

Using the per 1,000,000 in the MSA ranking, Richmond would be a "7" (five in Richmond and two in Glen Allen which is a suburb 13 miles from downtown and a part of the MSA).

[unusualfire]

And Cincinnati would be second on that list with 12 f500 companies.5 per 1 million msa.