June 7, 20169 yr ^ That's not necessarily proof of a diverse economy, though. You can have 100 companies employing 1000 people but if 50 of them provide the same services, and the other 50 make the same products, your economy is even less diverse and less reliant than your first example.
June 8, 20169 yr I don't disagree, but even in that highly unlikely scenario, the local economy would not be as vulnerable. Companies shut down operations, merge, move, etc. Ghost towns are often the result of a local economy which was too reliant on a single entity.
June 8, 20169 yr Not at all. I do care about the size of the economy. But if you were to give me the choice of two huge companies employing 100,000 employees total or 100 mid-size companies employing 1,000 employees each, I would choose the latter. A diversified economy is much more resilient. Sure, but two companies employing 100k people attract A LOT of mid-sized suppliers/consultants and other companies to a region. There is a lot of truth to that.
June 8, 20169 yr Sure, but then all those suppliers, consultants, whatever become reliant on the continued operations of those two entities. Take Charlotte for example. It is doing just fine and the economy is booming. But if we have another banking crisis and something happens which causes BOA or WF to shutter, that would be devastating to the local economy.... Much more so than NCB closing ad on Cleveland.
June 8, 20169 yr Does anyone know Fortune 1,000 companies by Metro area? This site will let you apply filters to the 1000 list by state or city. Unfortunately "city" means municipal boundaries and not MSA region. Remember: It's the Year of the Snake
June 8, 20169 yr Does anyone know Fortune 1,000 companies by Metro area? This site will let you apply filters to the 1000 list by state or city. Unfortunately "city" means municipal boundaries and not MSA region. Yeah, it would take quite a bit of time to figure it all out. Was hoping some other publication had already done it. Very Stable Genius
June 8, 20169 yr I went ahead and took a quick stab at dividing them up by metro. If anyone sees anything wrong, apologies in advance. I was a little unsure how to categorize the ones around Akron-Canton as I'm not entirely familiar with that region... Anyways, here ya go: Total Ohio Fortune 1000 Companies: 55 Akron-Canton: 6 Cleveland: 15 Cincinnati: 11 Columbus: 15 Dayton: 1 Findlay: 2 Toledo: 5 Akron-Canton Goodyear (#169) FirstEnergy (#188) J.M. Smucker (#467) Timken (#757) Diebold (#778) A. Schulman (#865) Cleveland Progressive (#137) Parker Hannafin (#224) Sherwin-Williams (#253) TravelCenters of America (#439) RPM International (#538) KeyCorp (#540) PolyOne (#668) Aleris (#687) Applied Industrial Technologies (#780) TransDigm Group (#788) Hyster-Yale Materials (#823) Lincoln Electric (#832) Medical Mutual (#852) Cliffs Natural Resources (#860) American Greetings (#968) Cincinnati Kroger (#17) Procter & Gamble (#34) Macy’s (#103) Fifth Third (#376) AK Steel (#383) American Financial Group (#421) Western & Southern (#479) Cincinnati Financial (#499) Cintas (#545) Vantiv (#694) Convergys (#744) Columbus Cardinal Health (#21) Nationwide (#69) AEP (#165) L Brands (#234) Big Lots (#495) Hexion (#580) Greif (#628) Abercrombie and Fitch (#644) Worthington Industries (#667) Huntington (#698) Scotts Miracle-Gro (#724) DSW (#812) Mettler-Toledo International (#864) Express (#876) Wendy’s (#999) Dayton Teradata (#834) Findlay Marathon (#42) Cooper Tire (#739) Toledo Owens-Illinois (#418) Dana Holding (#428) Owens Corning (#480) The Andersons (#574) Welltower (#609)
June 8, 20169 yr Thanks for compiling the list by metro! I know this is Ohio only, but the Cincinnati NKY burbs are home to two additional F1000s: General Cable and Ashland. Also, it's sad to see just one company left for Dayton :-/
June 8, 20169 yr Interesting to see who Cleveland has lost in the past 3-4 years: From 2012: Cleveland 1. Eaton 163 Cleveland 16,049.0 -- moved "headquarters" to Dublin, Ireland 2. Progressive 169 Mayfield Village 15,508.1 3. Parker Hannifin 216 Cleveland 12,345.9 4. Sherwin-Williams 293 Cleveland 8,765.7 -- will be much larger after acquisition of Valspar 5. TravelCenters of America 329 Westlake 7,888.9 6. Cliffs Natural Resources 366 Cleveland 6,794.3 --> 860 7. Aleris 494 Cleveland 4,826.4 --> 687 8. KeyCorp 499 Cleveland 4,780.0 -> 540 Plus losing fortune 500 National City Bank six years ago during the financial collapse really hurt as well. Glad to see Cleveland is still holding their own in the fortune 1000.
June 9, 20169 yr Interesting to see who Cleveland has lost in the past 3-4 years: From 2012: Cleveland 1. Eaton 163 Cleveland 16,049.0 -- moved "headquarters" to Dublin, Ireland 2. Progressive 169 Mayfield Village 15,508.1 3. Parker Hannifin 216 Cleveland 12,345.9 4. Sherwin-Williams 293 Cleveland 8,765.7 -- will be much larger after acquisition of Valspar 5. TravelCenters of America 329 Westlake 7,888.9 6. Cliffs Natural Resources 366 Cleveland 6,794.3 --> 860 7. Aleris 494 Cleveland 4,826.4 --> 687 8. KeyCorp 499 Cleveland 4,780.0 -> 540 Plus losing fortune 500 National City Bank six years ago during the financial collapse really hurt as well. Glad to see Cleveland is still holding their own in the fortune 1000. Similar to SW & Valspar, I wonder what the acquisition of First Niagara will do to Key's ranking?
June 9, 20169 yr TransDign Group should stay in the 1000 next year as it just recently bought another co in the Billions, and is also saying it has another 2-3 Billion more for additional buys. MM also is growing as it recently bought HealthSpan which should keep it in the 1000 next year too. If only some co's would stop "moving" their HQ's to tax friendly states/countries, the CLE would be looking even better. But then again, the CLE is not the only area with this problem, and it is not going to stop any time soon.
June 9, 20169 yr ^^My contact at Key tells me the First Niagara acquisition will grow Key assets by about 50%. If that's true it would obviously be a pretty significant bump for Key in the rankings. Looking at revenue it looks like Key will go from a $4 billion business to about $5.3 billion.
June 9, 20169 yr Shiloh Industries of Valley City (designs and builds auto parts to make them lighter) is growing quickly and will post sales over a billion this year. They will probably be the next Cleveland area company to make the list. Remember: It's the Year of the Snake
June 9, 20169 yr TransDign Group should stay in the 1000 next year as it just recently bought another co in the Billions, and is also saying it has another 2-3 Billion more for additional buys. MM also is growing as it recently bought HealthSpan which should keep it in the 1000 next year too. If only some co's would stop "moving" their HQ's to tax friendly states/countries, the CLE would be looking even better. But then again, the CLE is not the only area with this problem, and it is not going to stop any time soon. And half the time they move they don't even save any money by doing it or it take like 35 years to pay off the change. Imagine losing half of all your good people or more all at once.
June 9, 20169 yr ^I'm not sure Eaton lost any people as a result of this "move." That's why people keep putting stuff in quotes. I could be wrong, but I'm not even sure the CEO's primary office even moved. It was pretty much just an acquisition of a smaller company and a legal restructuring that allowed the combined company to choose Ireland as its legal home for tax purposes.
June 9, 20169 yr Thanks for compiling the list by metro! I know this is Ohio only, but the Cincinnati NKY burbs are home to two additional F1000s: General Cable and Ashland. Also, it's sad to see just one company left for Dayton :-/ You're listing Ashland as an F1000 company when it may still be an F500 company. Technically, Ashland's breakup is pending and it's presently listed in slot #472, with a revenue of $5.4 billion. http://www.bizjournals.com/cincinnati/news/2016/06/01/ashland-launches-split-with-ipo.html
June 10, 20169 yr ^ I didn't look up where the companies were on the list, I just looked up Fortune 1000 companies in Kentucky, and noticed that two were in greater Cincinnati. I didn't even bother looking up Indiana, because I couldnt believe any part of SE Indiana that would be in the Cincy metro would be home to a F1000 company.
June 15, 20169 yr better than jerome's gold 4 ya mouth.... Better than Hot Sauce Williams... Nothing is better than Hot Sauce Williams.
June 17, 20168 yr better than jerome's gold 4 ya mouth.... Better than Hot Sauce Williams... Nothing is better than Hot Sauce Williams. Hot Sauce Willams sounds like a character from 30 Rock
August 2, 20168 yr These Are The 50 Best Places To Interview For A Job This Year The best places to interview are probably not the companies you associate with the best employee experiences. JARED LINDZON 08.02.16 8:00 AM If you think the best places to work are also the best places to interview at, you’re sorely mistaken. Glassdoor, the employer review website that publishes an annual list of the U.S.’s top companies, recently released a list of the 50 best places to interview, and there is very little overlap between the two. In fact, you’d have to scroll all the way down to the 42nd best place to work, Southwest Airlines, to find a company that made both lists (the airline was ranked as the seventh best place to interview). Topping the list of companies that provide the best candidate experience is Cleveland-based paint company Sherwin-Williams, followed by Chicago-based accounting network Grant Thornton LLP in second and Peoria, Illinois-based construction equipment company Caterpillar Inc. in third. MORE: http://www.fastcompany.com/3062359/these-are-the-50-best-places-to-interview-for-a-job-this-year "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 7, 20178 yr New 2017 Fortune 500 list is out: Cincinnati: 18. Kroger - $115,337 36. Procter & Gamble - $71,726 110. Macy’s - $25,778 389. Fifth Third Bancorp - $6,889 411. American Financial Group - $6,498 441. AK Steel Holding - $5,883 476. Cincinnati Financial - $5,449 483. Western & Southern Financial Group - $5,398 Cleveland: 120. Progressive - $23,441 236. Sherwin-Williams - $11,856 251. Parker-Hannifin - $11,361 470. TravelCenters of America - $5,511 479. KeyCorp - $5,422 Columbus: 15. Cardinal Health - $121,546 68. Nationwide - $40,074 167. American Electric Power - $16,380 220. L Brands - $12,574 495. Big Lots - $5,200 Akron: 184. Goodyear Tire & Rubber - $15,158 196. FirstEnergy - $14,156 Toledo: 401. Owens-Illinois - $6,702 447. Dana - $5,826 458. Owens Corning - $5,677 Findlay: 51. Marathon Petroleum - $55,858 Orrville: 346. J.M. Smucker - $7,811 "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
June 7, 20178 yr Nice to see Amtrust Financial break into the list this year. While their official headquarters is in NYC, their operational headquarters is in Cleveland. https://amtrustfinancial.com/
June 7, 20178 yr I could see Hexion, Huntington, Scotts, and Vertiv entering in the next 5 years. Will be interesting to see where they fall in the 1000. They've recently made fairly large acquisitions/investments.
June 7, 20178 yr 536 - Marathon 545 - NiSource 595 - Andersons 610 - Huntington 740 - Scotts Wendy's is no longer a Fortune 1000 Company. Very Stable Genius
June 7, 20178 yr And what companies are not on the Fortune list as technically their HQ's are not in OH, but a foreign country, yet they have the revenue to be on the list, and their "HQ" is in OH. Or the company is private, not public? For NEO, I would think Eaton, and American Greetings. Others?
June 7, 20178 yr Ohio is consistent in regards to state count. California - 53 New York - 53 Texas - 50 Illinois - 36 Ohio - 25 Virginia - 23 New Jersey - 21 Pennsylvania - 21 Connecticut - 18 Minnesota - 18 Florida - 17 Michigan - 17 "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
June 7, 20178 yr Wendy's is no longer a Fortune 1000 Company. Their Spicy Chicken Asiago Club sales from me alone should make them in the top 1000. I can't believe how much more revenue Kroger gets compared to a company like P&G. Literally half of the household stuff I buy is a P&G product. Gillette, Charmin, Tide, Pringles, etc. The funny thing is Kroger is just one company that sells their global products - and they only sell it in a region or two. Who knew retail grocery stores could be so profitable compare to a company that actually engineers/develops the products. When I was 15-16, I was a bagger at Kroger. They gave me an opportunity to have some of my paycheck buy into stock. I'm pretty sure they matched whatever I put in or had some other great deal like that. I really wish I would have done that with my checks instead of blowing all my money on Skyline Chili and Sakkio Japan. Haha. 14 years later that would have been a nice profit :)
June 7, 20178 yr Ohio is consistent in regards to state count. California - 53 New York - 53 Texas - 50 Illinois - 36 Ohio - 25 Virginia - 23 New Jersey - 21 Pennsylvania - 21 Connecticut - 18 Minnesota - 18 Florida - 17 Michigan - 17 I bet New Jersey and especially Connecticut (with a population of like 3 million) wouldn't have nearly as many if it weren't for nearby NYC.
June 7, 20178 yr Wendy's is no longer a Fortune 1000 Company. Their Spicy Chicken Asiago Club sales from me alone should make them in the top 1000. I can't believe how much more revenue Kroger gets compared to a company like P&G. Literally half of the household stuff I buy is a P&G product. Gillette, Charmin, Tide, Pringles, etc. The funny thing is Kroger is just one company that sells their global products - and they only sell it in a region or two. Who knew retail grocery stores could be so profitable compare to a company that actually engineers/develops the products. When I was 15-16, I was a bagger at Kroger. They gave me an opportunity to have some of my paycheck buy into stock. I'm pretty sure they matched whatever I put in or had some other great deal like that. I really wish I would have done that with my checks instead of blowing all my money on Skyline Chili and Sakkio Japan. Haha. 14 years later that would have been a nice profit :) Kroger may have more revenue than P&G but the margins on groceries are tiny. For 2016 Kroger had a profit of only 1.9B while P&G had a profit of over $10B. 5x more profitable with significantly less revenue.
June 7, 20178 yr And what companies are not on the Fortune list as technically their HQ's are not in OH, but a foreign country, yet they have the revenue to be on the list, and their "HQ" is in OH. Or the company is private, not public? For NEO, I would think Eaton, and American Greetings. Others? If Cleveland Clinic weren't a "non-profit" it might be up there too.
June 7, 20178 yr I was going to say Safelite for Central Ohio but their parent didn't bring in as much as I assumed they would. AEP is shocking to me as they sold a number of assets this year, also NetJets is a Berkshire-Hathaway subsidiary. CoverMyMeds was recently acquired by McKesson which is a global 500 company and has a very strong Central Ohio presence outside of just CMM. Honda with their Marysville operations(I know their NA HQ is in California) and also BMW Financial has a large North American office in Dublin. There are more Chase employees in Central Ohio than there are anywhere else in the US. Abbott Labs primary R&D facility is out by Easton. Also weird to see Worthington Industries not on the 1,000 list as all of the industries they service have bounced back significantly in the past year.
June 7, 20178 yr Literally half of the household stuff I buy is a P&G product. Gillette, Charmin, Tide, Pringles, etc. Pringles was sold off to Kellogg "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
June 8, 20178 yr New 2017 Fortune 500 list is out: Cincinnati: 18. Kroger - $115,337 36. Procter & Gamble - $71,726 110. Macys - $25,778 389. Fifth Third Bancorp - $6,889 411. American Financial Group - $6,498 441. AK Steel Holding - $5,883 476. Cincinnati Financial - $5,449 483. Western & Southern Financial Group - $5,398 Cleveland: 120. Progressive - $23,441 236. Sherwin-Williams - $11,856 251. Parker-Hannifin - $11,361 470. TravelCenters of America - $5,511 479. KeyCorp - $5,422 Columbus: 15. Cardinal Health - $121,546 68. Nationwide - $40,074 167. American Electric Power - $16,380 220. L Brands - $12,574 495. Big Lots - $5,200 Akron: 184. Goodyear Tire & Rubber - $15,158 196. FirstEnergy - $14,156 Toledo: 401. Owens-Illinois - $6,702 447. Dana - $5,826 458. Owens Corning - $5,677 Findlay: 51. Marathon Petroleum - $55,858 Orrville: 346. J.M. Smucker - $7,811 Awesome. Thanks for the numbers. Per Cleveland: Neither major acquisition by Sherwin-Williams or Parker Hannifin are included in the new numbers. 2018 will be interesting. https://www.bloomberg.com/news/articles/2016-12-01/parker-hannifin-agrees-to-acquire-clarcor-for-4-3-billion http://legalnewsline.com/stories/511123921-sherwin-williams-to-divest-two-valspar-plants-continue-with-11-3-billion-acquisition
June 8, 20178 yr ^Honda's North American HQ is in Marysville. It's actually in Torrance, CA. Thanks, I had thought the Honda Heritage Center was the HQ but only some of management is located in Marysville. http://www.autonews.com/article/20160125/OEM/301259964/honda-makes-moves-but-will-stay-in-california
June 8, 20178 yr ^Honda's North American HQ is in Marysville. It's actually in Torrance, CA. Thanks, I had thought the Honda Heritage Center was the HQ but only some of management is located in Marysville. http://www.autonews.com/article/20160125/OEM/301259964/honda-makes-moves-but-will-stay-in-california How much of a coup would that have been for the Bridge Street development in Dublin!?
June 9, 20178 yr ^Honda's North American HQ is in Marysville. It's actually in Torrance, CA. Thanks, I had thought the Honda Heritage Center was the HQ but only some of management is located in Marysville. http://www.autonews.com/article/20160125/OEM/301259964/honda-makes-moves-but-will-stay-in-california I really thought that Honda did move their NA headquarters to Ohio as well just a few years ago. That's kind of disappointing. Oh well, I love their product and have only driven TLs and Accords for the fact they're made here in Ohio, and it helps I like the cars they make.
May 21, 20187 yr New 2018 Fortune 500 list is out: Cincinnati: 17. Kroger - $122,662 42. Procter & Gamble - $66,217 120. Macy’s - $24,837 366. Fifth Third Bancorp - $7,713 413. American Financial Group - $6,865 461. AK Steel Holding - $6,080.5 476. Western & Southern Financial - $5,836.3 484. Cincinnati Financial - $5,732.4 500. Cintas - $5,428.9 Columbus: 14. Cardinal Health - $129,976 66. Nationwide - $43,939.9 185. American Electric Power - $15,424.9 231. L Brands - $12,632.4 Cleveland: 112. Progressive - $26,839 190. Sherwin-Williams - $14,983.8 256. Parker-Hannifin - $12,029.3 412. KeyCorp - $6,868 465. TravelCenters of America - $6,051.6 Akron: 187. Goodyear Tire & Rubber - $15,377 219. FirstEnergy - $13,627 Toledo: 393. Dana - $7,209 410. Owens-Illinois - $6,869 442. Owens Corning - $6,384 Findlay: 41. Marathon Petroleum - $67,610 Orrville: 383. J.M. Smucker - $7,392.3 Ohio has 25 Fortune 500 companies, still #5 in the country. Downtown Cincinnati has 6 Fortune 500 companies, which is more than most entire states. Entire list for the state below: http://fortune.com/fortune500/list/filtered?statename=Ohio "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 21, 20187 yr New 2018 Fortune 500 list is out: Cincinnati: 17. Kroger - $122,662 42. Procter & Gamble - $66,217 120. Macy’s - $24,837 366. Fifth Third Bancorp - $7,713 413. American Financial Group - $6,865 461. AK Steel Holding - $6,080.5 476. Western & Southern Financial - $5,836.3 484. Cincinnati Financial - $5,732.4 500. Cintas - $5,428.9 Columbus: 14. Cardinal Health - $129,976 66. Nationwide - $43,939.9 185. American Electric Power - $15,424.9 231. L Brands - $12,632.4 Cleveland: 112. Progressive - $26,839 190. Sherwin-Williams - $14,983.8 256. Parker-Hannifin - $12,029.3 412. KeyCorp - $6,868 465. TravelCenters of America - $6,051.6 Akron: 187. Goodyear Tire & Rubber - $15,377 219. FirstEnergy - $13,627 Toledo: 393. Dana - $7,209 410. Owens-Illinois - $6,869 442. Owens Corning - $6,384 Findlay: 41. Marathon Petroleum - $67,610 Orrville: 383. J.M. Smucker - $7,392.3 Ohio has 25 Fortune 500 companies, still #5 in the country. Downtown Cincinnati has 6 Fortune 500 companies, which is more than most entire states. Entire list for the state below: http://fortune.com/fortune500/list/filtered?statename=Ohio Congrats to Cincy for adding a 9th!
May 21, 20187 yr It looks like Big Lots just barely missed the cut for Columbus. They were 495 last year and 510 this year. Additionally, Huntington shot up from 610 to 544. Columbus could certainly have 6 within the next year or two. Also, it's interesting to look at how these companies, especially the top 10, are distributed throughout the various cities. In the top 10: Columbus has three (1, 5, and 8 ), Cincy has three (2, 4, and 7), Cleveland has two (6 and 10), Akron has one (9), and Findlay has one (3).
May 21, 20187 yr ^Honda's North American HQ is in Marysville. It's actually in Torrance, CA. Toyota is now in Dallas after moving from near the Cincinnati airport. Nissan's North American headquarters is near Nashville. The car industry is slowly but surely shifting south and west away from Ohio.
May 21, 20187 yr ^Honda's North American HQ is in Marysville. It's actually in Torrance, CA. Toyota is now in Dallas after moving from near the Cincinnati airport. Nissan's North American headquarters is near Nashville. The car industry is slowly but surely shifting south and west away from Ohio. Toyota moved to Dallas from CA which was their North American HQ. Erlanger was the manufacturing HQ which was always under the umbrella of the CA office. Those jobs consolidated in Dallas under one roof after they moved the full corporate functions from CA to TX. The reason for the move to TX was that they were tired of the high taxes in CA. Erlanger was just collateral damage as it made sense to move everything under one roof in Texas. If they stayed in CA the Erlanger jobs would still exist.
May 22, 20187 yr Also, it's interesting to look at how these companies, especially the top 10, are distributed throughout the various cities. In the top 10: Columbus has three (1, 5, and 8 ), Cincy has three (2, 4, and 7), Cleveland has two (6 and 10), Akron has one (9), and Findlay has one (3). I'm an idiot and had to delete my response.
May 22, 20187 yr 2016 revenues for the cleveland clinic were $5.6B so it would be #400-something.....Oh wait, the Cleveland Clinic is officially 'non-profit'......
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