Fortune 500 2024 By Metro Area(MSA)

[mhays]

Seattle ought to have Expedia also on its "tech" list.

I forgot that T-Mobile is a subsidiary, or we could count that too.

[homebucket]

^ Thanks, missed that one. Edited my post.

[SIGSEGV]

Qualcomm should go in for SD?

[homebucket]

^ I didn't include it since it wasn't brought up in the other thread as a "tech haven".

[rds70]

The Denver metro area has 10 F500's, not 7.

Arrow Electronics, DISH Network, Ball Corporation, DCP Midstream, Ovintiv, Liberty Media, Qurate Retail, Newmont Mining, VF Corporation, Davita Health Care

[DCReid]

Originally Posted by Steely Dan

Using your link, I count 31 F500 HQs for Chicagoland.

OP's list says 28.

I wonder where these discrepancies are coming from?





Chicago used to be home to a very big O&G company, Standard Oil of Indiana. They changed their name to "Amoco" in the 80s, and then they later got absorbed into BP, and while there are still a fair number of BP jobs here, along with the HUGE refinery over in Whiting, IN, the combined company is now HQ'ed out of London.

Back when Standard Oil of Indiana was a huge deal, they built this noteworthy edifice for themselves. It was the fourth tallest building on the planet back when it was completed in 1973.



Source: wikipedia

And NYC had Exxon and Mobil, both of which decamped in the early 80s for Texas and VA respectively before combining into the Exxon Texas company. Oil and gas in the 70s and 80s was 25% or more of the S&P index but I think it is only about 2% now. And LA had Oxy which has left for Houston. To show that HQs may not matter as much, SF metro still has Chevron HQ with maybe a few hundred employees, but Houston has thousands of Chevron employees. NYC still has the Hess (I am not sure if it is in the F500 anymore and Chevron wants to buy it) HQ with maybe a few hundred but I believe the bulk of the Hess staff is in Houston. It is not like the old days for most companies (except maybe for newer techs), especially industrial companies like Kodak in its heyday, which I think had 50,000 in Rochester.

[JManc]

Originally Posted by Steely Dan

Chicago used to be home to a very big O&G company, Standard Oil of Indiana. They changed their name to "Amoco" in the 80s, and then they later got absorbed into BP, and while there are still a fair number of BP jobs here, along with the HUGE refinery over in Whiting, IN, the combined company is now HQ'ed out of London.

When I was still in consulting, the BP's Chicago (alternative energies) office was our biggest client. Not sure how big of a presence they are in Chicago these days but BP are HQ'ed out of Houston for their North American operations.

[DFW]

New Texas Stock Exchange in Dallas?

https://www.wfaa.com/article/news/lo...0-c46ebfb03c66

https://www.dallasnews.com/business/...outputType=amp

[Cirrus]

Not a single one in Baltimore?

[wanderer34]

Originally Posted by dimondpark

Please check your MSA to verify. I was scrolling in the interactive map and counted that way----

Fortune 500 2024 By Metro Area(MSA)
55 New York
28 Chicago
23 San Francisco
22 Dallas
22 Houston
20 San Jose
19 Washington DC
15 Atlanta
15 Boston
15 Minneapolis
12 Seattle
11 Miami
11 Philadelphia
10 Phoenix
9 Bridgeport
9 Los Angeles
8 Charlotte
8 Richmond
7 Cincinnati
7 Denver
7 Detroit
7 Pittsburgh
6 Cleveland
6 Milwaukee
6 St Louis
5 Columbus
5 Nashville
5 Providence
5 Tampa
4 Hartford
4 Omaha
3 Austin
3 Fayetteville, AR
3 Indianapolis
3 Memphis
3 Oklahoma City
3 Raleigh
3 San Antonio
3 San Diego
2 Boise
2 Des Moines
2 Las Vegas
2 Louisville
2 Tulsa
2 Virginia Beach


https://fortune.com/ranking/fortune500/2024/

If the CSAs are strongly considered, the the San Jose - San Francisco CSA would have the second highest number of F500 companies (43) behind only the NYC CSA (64) and well above Chicago's CSA!

[Steely Dan]

It was probably too new to get included on this year's list, but Chicago will get a +1 next year as a result of the Kellogg's split that just happened last fall.


Kellanova is the new name for the company that runs the global snack food and international cereal business (roughly 80% of the old company) and is now HQ'ed in downtown Chicago.

WW Kellogg Co. is a spin-off that runs the North American cereal business (roughly 20% of the old company) and remains HQ'ed over in Battle Creek, MI (Kellogg's historic home town).


If nothing else changes, that would give Chicagoland a total of 32 F500 HQ's on next year's list

[muertecaza]

Originally Posted by Buckeye Native 001

This is probably also reflective of when each city grew, but coming to Phoenix from Cincinnati it was surprising the seeming lack of investment in community projects (zoos, museums) and events in Phoenix.

It felt like you couldn't go anywhere in Cincinnati without encountering a sporting event (tennis), museums, zoo, and/or art exhibit that wasn't sponsored in part by P&G and/or Kroger. Then again, those companies boomed during part of the "city beautiful" movement, IIRC?

Waste Management sponsors the Phoenix Open, but hell if I know if Petsmart or Freeport-McMoran, etc., do anything with the Heard, Art Museum, zoo (which is privately owned I think) or even the Arizona Science Center?

Then again, Phoenix attracts much larger convention crowds and sporting events (Super Bowl, Final 4) than Cincinnati.

Yeah, Phoenix unfortunately was too small to really have gilded age patrons of the arts when doing that was more fashionable ~100 years ago. And we've never really had anything equivalent since. Closest I guess is the Bartlett/Heard family that was responsible for the Heard museum and what became the Phoenix Art Museum. And as for our current F500 companies, I don't think any of them are quite the homegrown community pillars that P&G or Kroger are to Cincinnati. In Phoenix, Freeport-McMoran is only in Phoenix because they bought/merged with Phelps Dodge in the 2000s, and Phelps Dodge itself was not really a Phoenix company. Avnet moved here in the 1990s. Taylor Morrison moved here in the 2000s. Reliance Steel very recently moved here. Knight-Swift is sort of homegrown but they're pretty new. Funnily enough, Carvana of all companies might be the most integrated F500 company into the community, as they sponsor the Phoenix Rising soccer team among other things. They've had their own issues, but seem to have stabilized their operations, and they recently finished a big new office in Tempe, so maybe they can be our community pillar in another 100 years.

[bilbao58]

Originally Posted by iheartthed

Most of Texas' Fortune 500 list is dominated by oil & gas, which is a sector made up of companies that were never located in New York (or Chicago, or Detroit, which have lost just as much ground on the list).

I'm old enough to remember my small-town-West-Texas-raised dad hating all the business trips he had to make to the 6th Avenue (Avenue of the Americas) headquarters of Standard Oil of New Jersey which, of course, changed its name to Exxon. Standard of New Jersey, in New York City, owned Humble Oil in Houston. Standard changed its name to Exxon Corporation. Humble changed to Exxon Company USA.

For our Canadian forumers, Standard of New Jersey was also majority owner of Imperial Oil in Toronto. Imperial kept its name but later moved to Calgary. The old Imperial Oil Building is now a condo at 111 St. Clair Avenue West.

[BlueDot]

What about the metros with just one ? Who’s in that column ?

[Prahaboheme]

Originally Posted by Cirrus

Not a single one in Baltimore?

Just one - Constellation Energy

[Lobotomizer]

Originally Posted by homebucket

This list, as I was alluding to in another thread, highlights just how far in front the Bay Area is in terms of technocentricity.

Bay Area (24)
Adobe
Airbnb
Alphabet
AMD
Apple
Applied Materials
Broadcom
Cisco
Ebay
HP
Intel
Intuit
KLA
Lam Research
Meta
Netflix
Nvidia
PayPal
Salesforce
Sanmina
ServiceNow
Uber
VMware
Western Digital

Seattle (4)
Amazon
Coupang
Expedia
Microsoft

NYC (2)
IBM
Kyndryl Holdings

Austin (1? 2?)
Oracle
Tesla (? depends if you count this as a tech company; that list categorized them as motor vehicles & parts)
*notable that both these companies came from the Bay Area

Atlanta (1)
NCR

Miami (1)
Chewy

Denver (1)
Qurate Retail

Nashville (0)

Portland (0)

^ Just added those last few since someone described those as tech havens.

I'm not sure what methodology you are using, but Dell is HQd in the Austin suburb of Round Rock. Dell is also a homegrown Austin company.

[homebucket]

Originally Posted by Lobotomizer

I'm not sure what methodology you are using, but Dell is HQd in the Austin suburb of Round Rock. Dell is also a homegrown Austin company.

Thanks I’ll update the list. I sorted by state and then city but didn’t catch Round Rock.

[homebucket]

Interestingly it does look like Oracle is planning to leave Austin and relocate its HQ to Nashville, just a few years after moving to Austin from Redwood City (SF MSA). So perhaps by the time this list comes out next year, Nashville will be on the board with 1 F500 tech company, and Austin will drop to 2.

[bilbao58]

Texas Instruments in Dallas
Hewlett Packard Enterprise in Houston (Spring)

[craigs]

Is there a link to the list that is not behind a paywall?