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atlrvr

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in Charlotte

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ertley
ertley

As a native (but no longer resident) of Charlotte, I've always harbored an antipathy to Atlanta--please, no arguments! It's just how I've felt since childhood, like a sports rivalry!  But I genuinely

urbanlover568
urbanlover568

North Carolina is first in South to ban state funding for conversion therapy Gov. Roy Cooper signed an executive order calling the contentious practice "clinically and ethically inappropriate."

J-Rob
J-Rob

Awesome.  Def half the 78 viewers are also checking UP right now.  At one point Lowe's was rumored to also be moving HQ from Mooresville to CLT proper.  Is that still in play with the new location, or

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KJHburg Ecumenopolis

KJHburg

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Charlotte is a corporate HQ town.  8 corporations on the Fortune 500 based here.

Katie Peralta


2020 Fortune 500 list is out & includes 8 in the Charlotte metro:
25- Bank of America
44- Lowe's
92- Honeywell
123- Duke Energy
139- Nucor
217- Truist
301- Sonic Automotive
457- Brighthouse Financial

CommScope (nearby, in Hickory) debuted on list at 381

to find the NC Fortune 1000 HQ here is the link for yourself

https://fortune.com/fortune500/2020/search/?hqstate=NC

Edited by KJHburg
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CLT2014 Town

CLT2014

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38 minutes ago, KJHburg said:

Charlotte is a corporate HQ town.  8 corporations on the Fortune 500 based here.

 

There are 13 Fortune 500 HQ's in North Carolina with 8 in the Charlotte metro and Hickory part of the Charlotte CSA. That leaves only 4 Fortune 500 HQ's outside the Charlotte region. 

Also, the Charlotte CSA's 9 Fortune 500 HQ's versus some other regions ranked similarly in population:

  • Cleveland-Akron: Population Rank #18; 8 Fortune 500 HQ; Largest company, Progressive #86
  • Portland: Population Rank #19; 1 Fortune 500 HQ; Largest company, Nike #85
  • St. Louis: Population Rank #20; 8 Fortune 500 HQ; Largest company, Centene, #42
  • Charlotte: Population Rank #21; 9 Fortune 500 HQ; Largest company, Bank of America, #25
  • Salt Lake City, Population Rank #22; 0 Fortune 500 HQ
  • Sacramento, Population Rank #23; 0 Fortune 500 HQ
  • Pittsburgh, Population Rank #24; 7 Fortune 500 HQ; Largest company, PNC Financial, #151
  • San Antonio, Population Rank #25; 3 Fortune 500 HQ; Largest company, Valero Energy, #32
  • Columbus, Population Rank #26; 3 Fortune 500 HQ; Largest company, Cardinal Health, #14

Select CSA's:

  • Cincinnati: Population Rank #30; 8 Fortune 500 HQ; Largest company, Kroger, #23
  • Raleigh-Durham: Population Rank #31; 2 Fortune 500 HQ; Largest company, IQVIA Holdings, #290
  • Nashville: Population Rank #32; 5 Fortune 500 HQ; Largest company, HCA Healthcare, #65
  • Austin; 1 Fortune 500 HQ; Largest company, Dell #34

Charlotte has more Fortune 500 HQ's than the following metros that are a good amount larger: Phoenix (5), Miami/South Florida (7), Riverside/San Bernardino (0), San Diego (2)

Edited by CLT2014
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U_R_ Whistle-Stop

U_R_

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Charlotte and NC had a very good representation this year on both the Fortune 500 and 1000 lists. Although I'm still surprised GA edged out NC with more Fortune 500/1000 companies in total. It's also very interresting (for me at least) to see how spread out a lot of the companies are compared to GA where they are centered on Atlanta and Columbus (Aflac, Synovus, and used to have TSYS). 

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CLT2014 Town

CLT2014

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21 minutes ago, Ric0_0 said:

Charlotte and NC had a very good representation this year on both the Fortune 500 and 1000 lists. Although I'm still surprised GA edged out NC with more Fortune 500/1000 companies in total. It's also very interresting (for me at least) to see how spread out a lot of the companies are compared to GA where they are centered on Atlanta and Columbus (Aflac, Synovus, and used to have TSYS). 

At the state level, North Carolina is held back by the Triad and Triangle punching below their weight on Fortune 500 HQ's. The Charlotte area is less than 25% of the population of North Carolina, but accounts for ~62% of Fortune 500 companies in the state. The Triangle economy is just different though and less of a corporate HQ town with a significant portion of their economy being government, non-profits, and education. The Triangle has many large North American headquarters or important facilities, but is not technically the headquarters of many large firms (much like the Wells Fargo situation in Charlotte -> massive campus, but not "technically" HQ).  

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Rufus Hamlet

Rufus

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53 minutes ago, CLT2014 said:

At the state level, North Carolina is held back by the Triad and Triangle punching below their weight on Fortune 500 HQ's. The Charlotte area is less than 25% of the population of North Carolina, but accounts for ~62% of Fortune 500 companies in the state. The Triangle economy is just different though and less of a corporate HQ town with a significant portion of their economy being government, non-profits, and education. The Triangle has many large North American headquarters or important facilities, but is not technically the headquarters of many large firms (much like the Wells Fargo situation in Charlotte -> massive campus, but not "technically" HQ).  

I think what you are seeing in the Triangle is a heavy BIO cluster. With a lot of CRO and biomedical firms locating there, the F1000 #s look a lot better than people think. And Raleigh has become somewhat of a corporate relocation site in the last 5 years with BMC, Cornerstone Building Supply, and Advanced Auto Parts relocating or merging there. 

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KJHburg Ecumenopolis

KJHburg

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1 hour ago, CLT2014 said:

At the state level, North Carolina is held back by the Triad and Triangle punching below their weight on Fortune 500 HQ's. The Charlotte area is less than 25% of the population of North Carolina, but accounts for ~62% of Fortune 500 companies in the state. The Triangle economy is just different though and less of a corporate HQ town with a significant portion of their economy being government, non-profits, and education. The Triangle has many large North American headquarters or important facilities, but is not technically the headquarters of many large firms (much like the Wells Fargo situation in Charlotte -> massive campus, but not "technically" HQ).  

actually the Triad was once tied with Charlotte area lets see BB&T Bank,  RJReynolds, Hanesbrands (still there), Primo Water and over in Gboro VF Corp. split into 2 companies one stayed smaller with Wrangler jeans Kontoor  and other larger corporation moved to Denver. 

https://www.journalnow.com/business/soon-down-to-one-corporate-headquarter-departures-rock-winston-salem/article_021c4492-89ae-5845-bb2a-a8757915e13f.html  here is a story from a Winston perspective.   

Raleigh Durham area has a lot publicly based corporations but most are very small compared to the behemoths of Charlotte.      Smaller contract research organizations and biopharma companies. 

Charlotte has always been a big financial and HQ kinda of town and it continues to attract those type of companies.  The 2nd biggest financial center in the state was always Winston though now a case could be made for Raleigh with First Citizens Bank and the NC SECU based there. 

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stiluvclt Whistle-Stop

stiluvclt

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KJ, you are a damn fine investigative writer. Any reputable business publication reporter/photographer would be hard pressed to top your ability of fact finding. So here's my challenge for you: Find someone at Duke that give us some insight on underground wiring. All of these wonderful Charlotte projects have an eyesore of distraction with all of the exposed clutter in the air (I'm referring to the power lines). Since you know everyone in townI am sure that you have an "in" with someone at Duke that can at least give you a timetable?

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1 hour ago, stiluvclt said:

KJ, you are a damn fine investigative writer. Any reputable business publication reporter/photographer would be hard pressed to top your ability of fact finding. So here's my challenge for you: Find someone at Duke that give us some insight on underground wiring. All of these wonderful Charlotte projects have an eyesore of distraction with all of the exposed clutter in the air (I'm referring to the power lines). Since you know everyone in townI am sure that you have an "in" with someone at Duke that can at least give you a timetable?

The developers will tell you its duke, and duke will tell you its the developers. I've been far down this road.

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Rufus Hamlet

Rufus

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21 hours ago, KJHburg said:

Charlotte Regional Partnership report about Fortune 500 company HQ with 9 in the region and best showing for the area since 2007.   And keep the sales up SPX Flow to keep your spot in the Fortune 1000. 

https://charlotteregion.com/index.php

Fortune_1000_2020.jpg

 

Quite the downfall for SPX which once was on the F500 before it split into SPX Flow and SPX Corp. And now, neither one can keep up with the F1000. It is quite interesting though...I've done quite a bit of work on the $1b Public Companies in the region, and there are about 5-10 more in the $1-2b range. Interested to see how Ingersoll-Rand and their current network of spinning off will work out. 

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U_R_ Whistle-Stop

U_R_

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1 hour ago, Rufus said:

I've done quite a bit of work on the $1b Public Companies in the region, and there are about 5-10 more in the $1-2b range. Interested to see how Ingersoll-Rand and their current network of spinning off will work out. 

If you don’t mind, could you list the other companies in the $1-2b range?

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Rufus Hamlet

Rufus

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2 hours ago, Ric0_0 said:

If you don’t mind, could you list the other companies in the $1-2b range?

Company HQ City Metro Revenue (b)
Ingles Asheville Asheville 4.092
Premier, Inc Charlotte Charlotte 1.227
Extended Stay America Charlotte Charlotte 1.275
EnPro Industries Charlotte Charlotte 1.532
SPX Corp Charlotte Charlotte 1.538
SPX Flow Charlotte Charlotte 2.09
Curtiss Wright Davidson Charlotte 2.411
Albemarle Corp Charlotte Charlotte 3.375
Dentsply Sirona Charlotte Charlotte 3.986
Jeld-Wen Charlotte Charlotte 4.346
Coca-Cola Consolidated Bottling Charlotte Charlotte 4.625
Sealed Air Charlotte Charlotte 4.732
Ingersoll-Rand Davidson Charlotte 2
Brighthouse Financial Charlotte Charlotte 8.965
Sonic Automotive Charlotte Charlotte 9.951
Truist Bank Charlotte Charlotte 23.427
Duke Energy Charlotte Charlotte 24.116
Nucor Steel Charlotte Charlotte 25.067
Honeywell Charlotte Charlotte 41.802
Lowe's Home Improvement Mooresville Charlotte 71.309
Bank of America Charlotte Charlotte 110.584
Kontoor Greensboro Triad 2.57
Qorvo Greensboro Triad 2.973
Old Dominion Freight Thomasville Triad 4.043
Hanesbrands Winston-Salem Triad 6.804
LabCorp Burlington Triad 11.333
Cree Durham Triangle 1.08
First Citizens Bancshares Raleigh Triangle 1.668
Pyxus International Morrisville Triangle 1.801
Cornerstone Building Brands Cary Triangle 2.001
Vontier Raleigh Triangle 2.8
PRA Health Raleigh Triangle 2.872
BMC Stock Building Supply Raleigh Triangle 3.682
Martin Marietta Materials Raleigh Triangle 4.244
Syneos Health Morrisville Triangle 4.39
Advance Auto Parts Raleigh Triangle 9.58
IQVIA Durham Triangle 10.412
CommScope Hickory UniFour 4.568

 

Clearly my numbers are off by virtue of the F1000 numbers, but these were taken from NYSE and NASDAQ filings that are public to view. This was last updated in early March before the beginning of the shutdown in NYC. 

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U_R_ Whistle-Stop

U_R_

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1 hour ago, Rufus said:

Clearly my numbers are off by virtue of the F1000 numbers, but these were taken from NYSE and NASDAQ filings that are public to view. This was last updated in early March before the beginning of the shutdown in NYC. 

This is fantastic!!!

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kickazzz2000 Hamlet

kickazzz2000

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On 5/18/2020 at 9:26 AM, CLT2014 said:

There are 13 Fortune 500 HQ's in North Carolina with 8 in the Charlotte metro and Hickory part of the Charlotte CSA. That leaves only 4 Fortune 500 HQ's outside the Charlotte region. 

Also, the Charlotte CSA's 9 Fortune 500 HQ's versus some other regions ranked similarly in population:

  • Cleveland-Akron: Population Rank #18; 8 Fortune 500 HQ; Largest company, Progressive #86
  • Portland: Population Rank #19; 1 Fortune 500 HQ; Largest company, Nike #85
  • St. Louis: Population Rank #20; 8 Fortune 500 HQ; Largest company, Centene, #42
  • Charlotte: Population Rank #21; 9 Fortune 500 HQ; Largest company, Bank of America, #25
  • Salt Lake City, Population Rank #22; 0 Fortune 500 HQ
  • Sacramento, Population Rank #23; 0 Fortune 500 HQ
  • Pittsburgh, Population Rank #24; 7 Fortune 500 HQ; Largest company, PNC Financial, #151
  • San Antonio, Population Rank #25; 3 Fortune 500 HQ; Largest company, Valero Energy, #32
  • Columbus, Population Rank #26; 3 Fortune 500 HQ; Largest company, Cardinal Health, #14

Select CSA's:

  • Cincinnati: Population Rank #30; 8 Fortune 500 HQ; Largest company, Kroger, #23
  • Raleigh-Durham: Population Rank #31; 2 Fortune 500 HQ; Largest company, IQVIA Holdings, #290
  • Nashville: Population Rank #32; 5 Fortune 500 HQ; Largest company, HCA Healthcare, #65
  • Austin; 1 Fortune 500 HQ; Largest company, Dell #34

Charlotte has more Fortune 500 HQ's than the following metros that are a good amount larger: Phoenix (5), Miami/South Florida (7), Riverside/San Bernardino (0), San Diego (2)

Other than Charlotte, a higher ratio of F500 to metro population is correlated with...having major league baseball.

Just an observation...

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Nick2 Burg

Nick2

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15 hours ago, kickazzz2000 said:

Other than Charlotte, a higher ratio of F500 to metro population is correlated with...having major league baseball.

Just an observation...

Hey just give it a decade and it'll make sense for Charlotte too.

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nicholas Burg

nicholas

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On 5/28/2020 at 2:37 PM, JonhG said:

If you need quality translations, then there is one good service from this review  https://pickwriters.com/technical-translation-services , called TheWordPoint, they professionally translate in many languages. They also have a “demo version” feature in which you can translate phrases or quotes for free. For minimal phrases or similar greetings, this will be enough, and at the same time it will look competently.

Can't tell if this is spam or a legitimate comment... :huh:

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kermit Metropolitan Area

kermit

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This would be huge if the non-profit option happens (and can find a sustainable funding model). A way for the Observer to continue to exist as a solid local news source is incredibly important for Charlotte. Local government with zero oversight from a sound and diverse free press is gonna fall apart -- cities with strong local press are going to outperform those without over the long term.

I do wonder if the Observer is so far gone that it can't recover. Its been a really long time since I remember them breaking a local story.  And I doubt anyone under 30 has any idea that the O even exists.

I did mention a while back that it would be great if a local buyer like the Duke Endowment bought the O, this was at the end of the story:

Quote

There’s also at least one other civically oriented private buyer waiting in the wings if individual properties come into the marketplace.

 

 

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