Posted April 16, 200718 yr 2007 Fortune 500 Not bad, Ohio, not bad... Cincinnati-Hamilton-Middletown: 25. Procter & Gamble 26. Kroger 76. Federated Dept. Stores 248. Ashland 353. Omnicare 299. Fifth Third Bank 378. AK Steel Holding 460. Western & Southern Financial 484. Cincinnati Financial 488. Chiquita Brands Intl Cleveland-Lorain-Elyria: 159. Progressive 188. National City Bank 198. Eaton 266. Parker Hannifin 309. Sherwin-Williams 319. Key Bank 468. Aleris International Columbus-Newark: 19. Cardinal Health 104. Nationwide 192. American Electric Power 240. Limited Brands 433. Hexion Specialty Chemicals 469. Big Lots Dayton-Springfield: 374. NCR Akron-Canton: 114. Goodyear Tire & Rubber 212. First Energy 428. Timken Toledo-Fremont: 255. Dana 318. Owens-Illinois 355. Owens Corning http://money.cnn.com/magazines/fortune/fortune500/2007/states/OH.html And how did Ohio rank in the Top 10 States? 1. New York 57 2. Texas 56 3. California 52 4. Illinois 34 5. Ohio 28 6. Pennsylvania 25 7. New Jersey 24 8. Michigan 22 9. Minnesota 20 10. Virginia 17 Again, not bad, Buckeye state... "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 17, 200718 yr you're welcome! :wink: There was a lot of "fact checking" going on behind the scenes!
April 18, 200718 yr i don't know why, but I didn't expect progressive to be cleveland's highest. Not a digg against anyone, just.....I didn't expect it.
April 18, 200718 yr Better than Mr. Hero... "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 19, 200718 yr better than jerome's gold 4 ya mouth.... Better than Hot Sauce Williams... "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 19, 200718 yr Sure would be nice if number 26, Kroger did a little more for the neighborhood a hop, skip and a jump from its headquarters.
April 19, 200718 yr Sure would be nice if number 26, Kroger did a little more for the neighborhood a hop, skip and a jump from its headquarters. Yeah, that is my second reason for not shopping at Kroger's. I throw their ads away without even looking at them.
April 19, 200718 yr but Kroger has such a cool skyscraper ^That's a lie. :-) Good showing Ohio. We are not given as much credit nationally as we should.
April 19, 200718 yr Poor Dayton... just one? You can thank Mead for leaving... "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 20, 200718 yr Cincy has a couple of other companies that could be added into the f500 soon also. Cintas and Convergys. Oh and American Financial Group which was a F500 before.
April 20, 200718 yr Poor Dayton... just one? How long will NCR even be a Fortune 500 company after they spin off their cash cow and growth area, Teradata? Poor Dayton... just one? You can thank Mead for leaving... I read in an article that Dayton was home to 5 Fortune 500 headquarters at one time. Anyone know when and what companies?
April 20, 200718 yr Well I don't like to brag but its obvious Cincinnati is by far the most important metro area, economically speaking.
April 20, 200718 yr ^Not really, remember the economic areas where Cleveland's EA TPI was around 145 million, Cincinnati's was around 75 million. Even Columbus' was higher at 77 million. Even according to a 2001 report Cleveland's Gross metropolitan product (without Akron) was 84.53 Billion versus Cincinnati's 63.16 Billion and Columbus' 63.85 Billion. So important in how many F500's and their ranking, yes Cincinnati is the most important. Important in the overall economy, looks like its third. http://www.usmayors.org/70thAnnualMeeting/metroecon2002/Top100Metros.pdf
April 20, 200718 yr Are there some more current statistics that can be used? A lot has changed since 2001.
April 20, 200718 yr Poor Dayton... just one? You can thank Mead for leaving... Yeah, I'd like to jack Mead right in the face for leaving. A skyline is so much more prominent with the name of a well-known company glowing in neon at the top of a building. Very interesting about the 5 F500 companies previously being located in Dayton. I feel like I've heard that somewhere too. Anyone out there know what they were?
April 20, 200718 yr ^Not really, remember the economic areas where Cleveland's EA TPI was around 145 million, Cincinnati's was around 75 million. Even Columbus' was higher at 77 million. Even according to a 2001 report Cleveland's Gross metropolitan product (without Akron) was 84.53 Billion versus Cincinnati's 63.16 Billion and Columbus' 63.85 Billion. So important in how many F500's and their ranking, yes Cincinnati is the most important. Important in the overall economy, looks like its third. http://www.usmayors.org/70thAnnualMeeting/metroecon2002/Top100Metros.pdf No way!
April 20, 200718 yr ^Not really, remember the economic areas where Cleveland's EA TPI was around 145 million, Cincinnati's was around 75 million. Even Columbus' was higher at 77 million. Even according to a 2001 report Cleveland's Gross metropolitan product (without Akron) was 84.53 Billion versus Cincinnati's 63.16 Billion and Columbus' 63.85 Billion. So important in how many F500's and their ranking, yes Cincinnati is the most important. Important in the overall economy, looks like its third. http://www.usmayors.org/70thAnnualMeeting/metroecon2002/Top100Metros.pdf That seems odd, Cleveland as #1 seems right, but Columbus must have a very high per capita income because their metro population is only around 80% of Cincinnati's
April 20, 200718 yr ^Not really, remember the economic areas where Cleveland's EA TPI was around 145 million, Cincinnati's was around 75 million. Even Columbus' was higher at 77 million. Even according to a 2001 report Cleveland's Gross metropolitan product (without Akron) was 84.53 Billion versus Cincinnati's 63.16 Billion and Columbus' 63.85 Billion. So important in how many F500's and their ranking, yes Cincinnati is the most important. Important in the overall economy, looks like its third. http://www.usmayors.org/70thAnnualMeeting/metroecon2002/Top100Metros.pdf That seems odd, Cleveland as #1 seems right, but Columbus must have a very high per capita income because their metro population is only around 80% of Cincinnati's The population of the Cincinnati Economic Area, which is what mov2ohio is citing... was 2,263,564 in 2004 (most recent BEA statistics)... with a per capita personal income of 101% of the national average. The population of the Columbus Economic Area was 2,547,005 with a per capita personal income 93% of the national average. Cleveland's EA had 4,685,582 people and a PCPI 94% of the national average.
April 20, 200718 yr One thing people are forgetting with the 2002 numbers is that Hamilton-Middletown are missing, versus Lorain-Elyria which are included with Cleveland's MSA. As of 2003/2004, Hamilton-Middletown are a part of MSA and it would be interesting to see their GMP included with Cinicnnati's to be completely fair. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 20, 200718 yr I think Hamilton and Middletown are included in Cincinnati's Economic area population. Were Hamilton and Middletown added to Cincinnati's MSA or CSA? According to the census Its called the Cincinnati-Middletown-Wilmington CSA.
April 20, 200718 yr yea i think those numbers do include middletown and hamilton. But C-Bus's includes Marion and Chilicothe and is overall larger area wise than Cincys, which explains the larger numbers. But yea I dont know how you define an economic area b/c then I think Dayton and Cincy should certainly be considered one economic area.
April 20, 200718 yr This doesn't explain too much but... "BEA's economic areas define the relevant regional markets surrounding metropolitan or micropolitan statistical areas. They consist of one or more economic nodes - metropolitan or micropolitan statistical areas that serve as regional centers of economic activity - and the surrounding counties that are economically related to the nodes. The economic areas were redefined on November 17, 2004, and are based on commuting data from the 2000 decennial population census, on redefined statistical areas from OMB (February 2004), and on newspaper circulation data from the Audit Bureau of Circulations for 2001." http://www.bea.gov/bea/regional/docs/econlist.cfm
April 20, 200718 yr C'mon...bragging about which Ohio metro has the best economy this decade is on the lines of arguing which team is better -- the Royals or the Devil Rays. In the end, who really cares? Jesus, the DC metro has one county (Loudoun) that has had as much growth as the entire Cincinnati metro this decade. And the unemployment rate here is half that of Cincy. Feel free to brag, but I wouldn't. Comparing yourselves to places like Cleveland, Detroit and Pittsburgh -- the rust belt heavies -- Cincy will mostly come up roses. Compare it to most other parts of the country...and Cincy looks below average at best.
April 20, 200718 yr But yea I dont know how you define an economic area b/c then I think Dayton and Cincy should certainly be considered one economic area. My guess is that Dayton functions as a significant regional economic node that is independent enough of the Cincinnati node to be considered its own Economic Area.
April 20, 200718 yr ^Not really, remember the economic areas where Cleveland's EA TPI was around 145 million, Cincinnati's was around 75 million. Even Columbus' was higher at 77 million. Even according to a 2001 report Cleveland's Gross metropolitan product (without Akron) was 84.53 Billion versus Cincinnati's 63.16 Billion and Columbus' 63.85 Billion. So important in how many F500's and their ranking, yes Cincinnati is the most important. Important in the overall economy, looks like its third. http://www.usmayors.org/70thAnnualMeeting/metroecon2002/Top100Metros.pdf Do you have anything a little more recent than something that was put together 6 1/2 years ago? There were some major acquisitions that took place, including P&G buying Gillette for $57 billion dollars ... stuff like that, that took place a couple of years ago. That list to me, is like saying Cincy's economy is better than Cleveland's because we have more F500 companies.
April 20, 200718 yr I think Hamilton and Middletown are included in Cincinnati's Economic area population. Were Hamilton and Middletown added to Cincinnati's MSA or CSA? According to the census Its called the Cincinnati-Middletown-Wilmington CSA. Hamilton-Middletown were added with Cincinnati's MSA in 2003. Thus, the link is inaccurate for today's standards. Thus, to be fair, adding them to Cincinnati's GMP would be more of an accurate reflection. C'mon...bragging about which Ohio metro has the best economy this decade is on the lines of arguing which team is better -- the Royals or the Devil Rays. In the end, who really cares? Jesus, the DC metro has one county (Loudoun) that has had as much growth as the entire Cincinnati metro this decade. And the unemployment rate here is half that of Cincy. Feel free to brag, but I wouldn't. Comparing yourselves to places like Cleveland, Detroit and Pittsburgh -- the rust belt heavies -- Cincy will mostly come up roses. Compare it to most other parts of the country...and Cincy looks below average at best. Generally, Cincinnati, Cleveland, Columbus, and Pittsburgh share the same economic might (as they are all mid-tier major cities). Debating who is more important is like Paris and London duking it out for "who has more economic might in Europe." "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 20, 200718 yr And just an FYI, folks, here is the 2006 GMP list. As you can see, Cincinnati and Cleveland are essentially the same. 25. Cleveland-Elyria-Mentor, OH - $83.6 billion 26. Cincinnati-Middletown, OH - $78.2 billion 33. Columbus, OH - $69.1 billion 58. Dayton, OH - $32.2 billion 72. Akron, OH - $25.2 billion 74. Toledo, OH - $24.9 billion 93. Youngstown-Warren, OH - $18.9 billion 130. Canton-Massillon, OH - $13.6 billion 188. Huntington-Ashland-Ironton, OH - $8 billion 253. Parkersburg-Marietta, OH - $5.2 billion 276. Mansfield, OH - $4.6 billion 286. Wheeling-St. Clairsville, OH - $4.5 billion 292. Lima, OH - $4.3 billion 301. Springfield, OH - $4 billion 322. Weirton-Steubenville, OH - $3.6 billion 353. Sandusky, OH - $2.9 billion http://www.usmayors.org/74thWinterMeeting/metroeconreport_January2006.pdf And just for "you know what" and giggles (basically, to shut you all up over this "we're bigger" "No, we're bigger!")... 17. Cincinnati-Dayton-Middletown - $110.4 billion 18. Cleveland-Akron-Elyria - $108.8 billion And overall regions... 15. Cleveland-Akron-Canton - $122.4 billion 17. Cincinnati-Dayton-Springfield - $114.4 billion "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 20, 200718 yr Well there you go and actually I now realize the 2001 numbers EXCLUDED the counties of Cincinnati's metro In Indiana and Kentucky.
April 20, 200718 yr ^Not really, remember the economic areas where Cleveland's EA TPI was around 145 million, Cincinnati's was around 75 million. Even Columbus' was higher at 77 million. Even according to a 2001 report Cleveland's Gross metropolitan product (without Akron) was 84.53 Billion versus Cincinnati's 63.16 Billion and Columbus' 63.85 Billion. So important in how many F500's and their ranking, yes Cincinnati is the most important. Important in the overall economy, looks like its third. http://www.usmayors.org/70thAnnualMeeting/metroecon2002/Top100Metros.pdf Do you have anything a little more recent than something that was put together 6 1/2 years ago? There were some major acquisitions that took place, including P&G buying Gillette for $57 billion dollars ... stuff like that, that took place a couple of years ago. That list to me, is like saying Cincy's economy is better than Cleveland's because we have more F500 companies. I think you can put it all to rest about F500 companies. How many does Las Vegas Phoenix, Portland and Sacramento have? Hardly any. Look where they have gotten in a short period. I think Cincy alone has more F500 than the above metros put together. So having f500 companies may not be the key to economic strength.
April 20, 200718 yr ^Not really, remember the economic areas where Cleveland's EA TPI was around 145 million, Cincinnati's was around 75 million. Even Columbus' was higher at 77 million. Even according to a 2001 report Cleveland's Gross metropolitan product (without Akron) was 84.53 Billion versus Cincinnati's 63.16 Billion and Columbus' 63.85 Billion. So important in how many F500's and their ranking, yes Cincinnati is the most important. Important in the overall economy, looks like its third. http://www.usmayors.org/70thAnnualMeeting/metroecon2002/Top100Metros.pdf Do you have anything a little more recent than something that was put together 6 1/2 years ago? There were some major acquisitions that took place, including P&G buying Gillette for $57 billion dollars ... stuff like that, that took place a couple of years ago. That list to me, is like saying Cincy's economy is better than Cleveland's because we have more F500 companies. I never said Cleveland's economy was better, heaven knows thats not the case. I was saying it is bigger referring to David's comment that Cincinnati's was the most economically important because it has top F500s. And yeah unusual fire you're right, what really matters is how strong your economy is and that the number of jobs created in higher than the number of jobs lost.
April 20, 200718 yr C'mon...bragging about which Ohio metro has the best economy this decade is on the lines of arguing which team is better -- the Royals or the Devil Rays. In the end, who really cares? Jesus, the DC metro has one county (Loudoun) that has had as much growth as the entire Cincinnati metro this decade. And the unemployment rate here is half that of Cincy. Feel free to brag, but I wouldn't. Comparing yourselves to places like Cleveland, Detroit and Pittsburgh -- the rust belt heavies -- Cincy will mostly come up roses. Compare it to most other parts of the country...and Cincy looks below average at best. Generally, Cincinnati, Cleveland, Columbus, and Pittsburgh share the same economic might (as they are all mid-tier major cities). Debating who is more important is like Paris and London duking it out for "who has more economic might in Europe." Understood. And I thought the way you presented the information was very cool CDM. I have no beef with the original post. It's just the "by far" comment that David posted that got me going. If you wanna see "by far" for real, come on down to Tysons-Dulles, VA corridor...there's more office/apartment construction going on than all three of Ohio's "C's" CBDs combined and outside of AOL, there aren't a helluva lot of f500 companies headquartered there.
April 20, 200718 yr Truefully i think F500 companies want to stay in stable area's where people tend to stay at their jobs 10/15/20+ years. If they located to Vegas, i bet they will get employees to stay there for 4-6 years and then move on. Big companies want much more than that. This is just opinon only.
April 20, 200718 yr C'mon...bragging about which Ohio metro has the best economy this decade is on the lines of arguing which team is better -- the Royals or the Devil Rays. In the end, who really cares? Jesus, the DC metro has one county (Loudoun) that has had as much growth as the entire Cincinnati metro this decade. And the unemployment rate here is half that of Cincy. Feel free to brag, but I wouldn't. Comparing yourselves to places like Cleveland, Detroit and Pittsburgh -- the rust belt heavies -- Cincy will mostly come up roses. Compare it to most other parts of the country...and Cincy looks below average at best. Generally, Cincinnati, Cleveland, Columbus, and Pittsburgh share the same economic might (as they are all mid-tier major cities). Debating who is more important is like Paris and London duking it out for "who has more economic might in Europe." Understood. And I thought the way you presented the information was very cool CDM. I have no beef with the original post. It's just the "by far" comment that David posted that got me going. If you wanna see "by far" for real, come on down to Tysons-Dulles, VA corridor...there's more office/apartment construction going on than all three of Ohio's "C's" CBDs combined and outside of AOL, there aren't a helluva lot of f500 companies headquartered there. Yeah you are right growth in DC makes Ohio's growth look like chump change. I can't wait for all of Ohio's metros to be booming. There's nothing out there that says this will ever happen, but it would be nice if Ohio had 3 top metros like California or Texas.
April 21, 200718 yr C'mon...bragging about which Ohio metro has the best economy this decade is on the lines of arguing which team is better -- the Royals or the Devil Rays. In the end, who really cares? Jesus, the DC metro has one county (Loudoun) that has had as much growth as the entire Cincinnati metro this decade. And the unemployment rate here is half that of Cincy. Feel free to brag, but I wouldn't. Comparing yourselves to places like Cleveland, Detroit and Pittsburgh -- the rust belt heavies -- Cincy will mostly come up roses. Compare it to most other parts of the country...and Cincy looks below average at best. Generally, Cincinnati, Cleveland, Columbus, and Pittsburgh share the same economic might (as they are all mid-tier major cities). Debating who is more important is like Paris and London duking it out for "who has more economic might in Europe." Understood. And I thought the way you presented the information was very cool CDM. I have no beef with the original post. It's just the "by far" comment that David posted that got me going. If you wanna see "by far" for real, come on down to Tysons-Dulles, VA corridor...there's more office/apartment construction going on than all three of Ohio's "C's" CBDs combined and outside of AOL, there aren't a helluva lot of f500 companies headquartered there. AOL (nor any of its sister divisions) are or reported as fortune 500 companies
April 21, 200718 yr ^I wouldn't when you need big money donors for the arts, the big players have the money.
April 21, 200718 yr ^right but the big players also have to be coaxed to part with their money- while donating to the arts is a wonderful PR move it doesnt have the bottom line impact a CFO is looking for. And, once again unusualfire is the voice of reason and sense- thanks!
April 21, 200718 yr C'mon...bragging about which Ohio metro has the best economy this decade is on the lines of arguing which team is better -- the Royals or the Devil Rays. In the end, who really cares? Jesus, the DC metro has one county (Loudoun) that has had as much growth as the entire Cincinnati metro this decade. And the unemployment rate here is half that of Cincy. Feel free to brag, but I wouldn't. Comparing yourselves to places like Cleveland, Detroit and Pittsburgh -- the rust belt heavies -- Cincy will mostly come up roses. Compare it to most other parts of the country...and Cincy looks below average at best. Generally, Cincinnati, Cleveland, Columbus, and Pittsburgh share the same economic might (as they are all mid-tier major cities). Debating who is more important is like Paris and London duking it out for "who has more economic might in Europe." Understood. And I thought the way you presented the information was very cool CDM. I have no beef with the original post. It's just the "by far" comment that David posted that got me going. If you wanna see "by far" for real, come on down to Tysons-Dulles, VA corridor...there's more office/apartment construction going on than all three of Ohio's "C's" CBDs combined and outside of AOL, there aren't a helluva lot of f500 companies headquartered there. AOL (nor any of its sister divisions) are or reported as fortune 500 companies Ah hell, I just assumed that. So there may be no f500 companies in the corridor. As for the arts, NoVa has quite a few great arts places that aren't funded by anything except local donations/tax funding and small biz.
April 21, 200718 yr ^NoVa doesn't really have any arts institutions of the stature or capital requiremenst of the CMA or Cleve Orchestra...and nor do Pheonix, Sacro, Portland or LV, but I agree with your point. The young upstart companies produce a lot of public wealth that gets funneled back into local institutions.
Create an account or sign in to comment