April 22, 200817 yr How did Dayton and Toledo do? Silly goose. Toledo and Dayton are third-world cities.
April 22, 200817 yr How did Dayton and Toledo do? Wow, you've been really cocky lately. What the hell did I say?
April 22, 200817 yr Fortune 500 lists 9 Cincinnati Financial Corp. drops to No. 530 STAFF AND WIRE REPORTS The number of Fortune 500 companies in Greater Cincinnati and Northern Kentucky has fallen from 10 to nine, according to the magazine's annual list of the nation's 500 largest publicly traded companies, released Monday. The list, based on 2007 revenues, showed that Cincinnati Financial Corp., with revenue of $4.26 billion, fell from No. 484 on last year's list to No. 530. But the list also showed another local company is poised to replace the Fairfield-based insurer among the top 500. Highland Heights-based General Cable Corp., with revenue of $4.61 billion, just missed making the list this year, coming in at No. 502. ... More at: http://news.enquirer.com/apps/pbcs.dll/article?AID=/20080422/BIZ01/804220324/1076/BIZ
April 22, 200817 yr How did Dayton and Toledo do? Wow, you've been really cocky lately. What the hell did I say? Yeah I don't get it either.
April 22, 200817 yr I guess I'm still upset about Cincinnatus' comment in the midsize city meet thread and didn't believe that is a genuine question. David's comment only added to my frustration.
April 22, 200817 yr I guess I'm still upset about Cincinnatus' comment in the midsize city meet thread and didn't believe that is a genuine question. David's comment only added to my frustration. That was a joke. Clearly in jest. ... and that was a serious question in a serious thread. Is there something that happened that I don't know about that could've made this sound like a blow? Honestly ... I don't know. I usually like to keep myself informed about the economic side of city discussion, that's why I asked.
April 22, 200817 yr Since this is a new list, does anyone know the revenue that these F500 Co.'s are generating?
April 22, 200817 yr Since this is a new list, does anyone know the revenue that these F500 Co.'s are generating? ummm. Why not just go to Fortune and find out? Duh! :roll: http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2255.html (Ink, feel better now? :wink:)
April 22, 200817 yr I guess I'm still upset about Cincinnatus' comment in the midsize city meet thread and didn't believe that is a genuine question. David's comment only added to my frustration. I'm sorry to have frustrated you. I do not think Toledo and Dayton are third world cities. I'm not sure that Fortune 500 companies make much of a difference in a city's economy, other than the fact that a single corporation could have more political clout but global fortune 500 companies don't just derive profit locally. Sounds like a dumb list to me.
April 22, 200817 yr David, I really can't believe you're saying that. Knowing what fortune 500 company's are in your city, region and state is important on many levels.
April 22, 200817 yr David, I really can't believe you're saying that. Knowing what fortune 500 company's are in your city, region and state is important on many levels. I 100% agree.
April 22, 200817 yr Umm, yeah. To say its not important overlooks the fact that these corporations are an ENORMOUS part of who employs people in the city. (and of the tax base of the city, etc, etc) No employers, no city. On so many levels, they are VERY important.
April 22, 200817 yr If the cleveland clinic went public, with 4.4 billion in estimated annual revenue (wikipedia), they'd be knocking on the door of the list, somewhere in the 500-510 range...and they are primarily only a local entity...crazy
April 22, 200817 yr Unless every person in NEO has been to the clinic in the last year (about 3 million), I don't see them as primarily a local entity.
April 22, 200817 yr I believe they do have a presence in Florida and an outpatient facility in Toronto, but outside of those locations, they are exactly that, a local entity. The 3million figure includes those that travel to the clinic from other places. How many of the 3 million are from outside the Cleveland area, one can reasonably estimate that it is not a large %.
April 22, 200817 yr Actually, its quite a significant number of people. I know someone who is the medical director of a large corporation, and she went up there for a "best practices" visit, and if I recall, she indicated that a very significant number of those folks travel there for services, not just from the US but from around the world. That facility is THAT good.
April 22, 200817 yr IF a company is doing 80 billion in revenue. Is it better to have one company or 8 companies doing 10 billion in revenue each?
April 22, 200817 yr I believe they do have a presence in Florida and an outpatient facility in Toronto, but outside of those locations, they are exactly that, a local entity. The 3million figure includes those that travel to the clinic from other places. How many of the 3 million are from outside the Cleveland area, one can reasonably estimate that it is not a large %. Um, can you say sheiks and princes' that come to the Clinic from the Middle East for a check up. I'm sure you've seen those private 747 planes parked at the airport.
April 22, 200817 yr I believe they do have a presence in Florida and an outpatient facility in Toronto, but outside of those locations, they are exactly that, a local entity. The 3million figure includes those that travel to the clinic from other places. How many of the 3 million are from outside the Cleveland area, one can reasonably estimate that it is not a large %. Actually they are more a local entity in FL and Toronto than Clev. but I don't want to go any further off topic so I'll leave it at that.
April 22, 200817 yr IF a company is doing 80 billion in revenue. Is it better to have one company or 8 companies doing 10 billion in revenue each? This depends on too many factors to answer standing alone. Tax wise, cities usually do better with more companies. (more taxable entities) Further, there will be necessary overlap in work, and consequently more jobs (each company has its own HR dept, etc) However, those returns are diminished by the ability of smaller companies to grow and add employees, take on larger projects to generate greater revenues, etc. Its a balance, and hard to say in the abstract.
April 22, 200817 yr IF a company is doing 80 billion in revenue. Is it better to have one company or 8 companies doing 10 billion in revenue each? The question is: Is the company with 80 billion of revenue the direct result of the 8 other company's doing 10 billion worth of revenue?
April 22, 200817 yr ^right, but let's be real, that is a very small %. I am well aware of the national rankings bestowed upon the Clinic. But to suggest that of the 3 million, a significant portion is from outside of the Cleveland area would be a stretch. I am thinking less than 5%. My mother went probably 20-30 times last year when she was battling through a gland disorder and she is required to go for a follow-up shot once a month, every month. So while it is true that not every one of the 3 million NE Ohio residents attended the clinic in the last year, some patients attend multiple times, like my mother.
April 22, 200817 yr Well in P&G's case they have plants through out the world. Most fortune 500 company's are global brands.
April 22, 200817 yr Well in P&G's case they have plants through out the world. Most fortune 500 company's are global brands. Yes, in I believe over 80 different countries ...
April 22, 200817 yr Its a balance, and hard to say in the abstract. That's what I meant but maybe I wasn't clear. Several smaller companies that ultimately bring in the same amount of revenue total that equates to the fewer but larger companies. Also, smaller companies are also less likely to be subsidized by the city during hard times. Correct?
April 22, 200817 yr Also, smaller companies are also less likely to be subsidized by the city during hard times. Correct? Again, hard to say in the abstact. At the 10B point, many companies are likely to be subsidized in some way by the city. It really all depends on how many people they employ. At 10B point they could employ 500 or 10000.
April 23, 200817 yr I guess I'm still upset about Cincinnatus' comment in the midsize city meet thread and didn't believe that is a genuine question. David's comment only added to my frustration. That was a joke. Clearly in jest. ... and that was a serious question in a serious thread. Is there something that happened that I don't know about that could've made this sound like a blow? Honestly ... I don't know. I usually like to keep myself informed about the economic side of city discussion, that's why I asked. I'm sure it was a joke, but it still extremely aggrevated me. You'll have to give me some time to move on.
April 23, 200817 yr ANYWAY, Dayton still has NCR and Toledo has Owens-Illinois, Owens-Corning, and Dana. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 20, 200916 yr Southwest Ohio Update 1 local firm off, 1 joins Fortune 500 The Associated Press and the Enquirer • April 20, 2009 http://news.cincinnati.com/article/20090420/BIZ/904200350/1055/NEWS Exxon Mobil has unseated Wal-Mart Stores to top the Fortune 500 list. Meanwhile, Procter & Gamble climbed to No. 20 on the list and Kroger joined the top 25 at No. 22. One locally based company, Chiquita Brands International, dropped off the top 500, while another, General Cable Corp., made the list for the first time. ... More at: http://news.cincinnati.com/article/20090420/BIZ/904200350/1055/NEWS
April 20, 200916 yr Should I be upset that Fifth Third went down from 307th to three hundred and secord?
April 15, 201015 yr Here's the annual list for the state and metropolitan areas: Ohio has 23 Fortune 500 companies, 6th place behind California (57), Texas (57), New York (56), Illinois (31), and Pennsylvania (25). 1 Cardinal Health 17 Dublin 99,612.9 2 Procter & Gamble 22 Cincinnati 79,697.0 3 Kroger 23 Cincinnati 76,733.2 4 Macy's 103 Cincinnati 23,489.0 5 Nationwide 118 Columbus 20,751.0 6 Goodyear Tire & Rubber 141 Akron 16,301.0 7 Progressive 161 Mayfield Village 14,563.6 8 American Electric Power 172 Columbus 13,489.0 9 FirstEnergy 179 Akron 12,967.0 10 Eaton 194 Cleveland 11,873.0 11 Parker Hannifin 230 Cleveland 10,309.0 12 Fifth Third Bancorp 248 Cincinnati 9,450.0 13 Limited Brands 269 Columbus 8,632.5 14 Sherwin-Williams 319 Cleveland 7,094.2 15 Owens-Illinois 322 Perrysburg 7,066.5 16 KeyCorp 356 Cleveland 6,068.0 17 Dana Holding 398 Maumee 5,228.0 18 Western & Southern Financial Group 420 Cincinnati 5,014.4 19 Owens Corning 432 Toledo 4,803.0 20 Big Lots 436 Columbus 4,726.8 21 TravelCenters of America 440 Westlake 4,699.8 22 Lubrizol 453 Wickliffe 4,586.3 23 American Financial Group 478 Cincinnati 4,320.6 By metropolitan area: Cincinnati 1. Procter & Gamble 22 Cincinnati 79,697.0 2. Kroger 23 Cincinnati 76,733.2 3. Macy's 103 Cincinnati 23,489.0 4. Fifth Third Bancorp 248 Cincinnati 9,450.0 5. Ashland 280 Covington 8,106.0 6. Omnicare 347 Covington 6,242.7 7. Western & Southern Financial Group 420 Cincinnati 5,014.4 8. General Cable 469 Highland Heights 4,385.2 9. American Financial Group 478 Cincinnati 4,320.6 Cleveland 1. Progressive 161 Mayfield Village 14,563.6 2. Eaton 194 Cleveland 11,873.0 3. Parker Hannifin 230 Cleveland 10,309.0 4. Sherwin-Williams 319 Cleveland 7,094.2 5. KeyCorp 356 Cleveland 6,068.0 6. TravelCenters of America 440 Westlake 4,699.8 7. Lubrizol 453 Wickliffe 4,586.3 Columbus 1. Cardinal Health 17 Dublin 99,612.9 2. Nationwide 118 Columbus 20,751.0 3. American Electric Power 172 Columbus 13,489.0 4. Limited Brands 269 Columbus 8,632.5 5. Big Lots 436 Columbus 4,726.8 Akron 1. Goodyear Tire & Rubber 141 Akron 16,301.0 2. FirstEnergy 179 Akron 12,967.0 Toledo 1. Owens-Illinois 322 Perrysburg 7,066.5 2. Dana Holding 398 Maumee 5,228.0 3. Owens Corning 432 Toledo 4,803.0 Notable goners are Wendy's, NCR, AK Steel, Cinergy, and National City. What's also impressive is that 8 out of 9 F500's in Cincinnati are in the core (Cincinnati and Covington's); Toledo's loves the Maumee River; Akron is holding down Northeast Ohio; Columbus only has two in the core; and Mayfield Village is quite...Progressive :D! http://money.cnn.com/magazines/fortune/fortune500/2010/states/OH.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 16, 201015 yr If you add up the lists by region there are 26 Fortune 500 companies in Ohio. Looks as if Omnicare and General Cable were left off the Ohio ranking.
April 16, 201015 yr We are fortunate in Cincy to have these big companies. How do our peer cities compare?
April 16, 201015 yr I take it "non-profits" are not included in this list. The Cleveland Clinic, Ohio's 2nd largest employer (behind Walmart) with 37,500+ employees, isn't on the list, and I know they had revenues greater than $4.3B.
April 16, 201015 yr I take it "non-profits" are not included in this list. The Cleveland Clinic, Ohio's 2nd largest employer (behind Walmart) with 37,500+ employees, isn't on the list, and I know they had revenues greater than $4.3B. Only public company's are listed.
April 16, 201015 yr Omnicare & Ashland?? Aren't they HQ'd in Covington, KENTUCKY? CDM listed "metropolitan" area. not specific cities.
April 16, 201015 yr Is it better to have one Fortune 500 company with $10 billion in revenue or is better to have 20 smaller companies with $500 million in revenue each? Cleveland has been burned so many times by the former (BP, TRW, OfficeMax, etc.), I have to think the diversity we rest our laurels on now is better.... at least for us. Doesn't Cleveland have one of the higher corporate HQ's numbers in the Country (albeit mostly smaller companies)?
April 16, 201015 yr Omnicare & Ashland?? Aren't they HQ'd in Covington, KENTUCKY? And last I checked, Covington is in Cincinnati's metropolitan area. That's why I didn't put it in the Ohio Fortune 500's (it's in Kentucky) but it IS a part of the metro. We are fortunate in Cincy to have these big companies. How do our peer cities compare? Cincinnati does unusually well in this regard. They tie/slightly larger than St. Louis, Pittsburgh, Portland (abysmal), Charlotte, etc. Minneapolis is a stand-out though...good lord. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 17, 201015 yr Cincinnati destroys its peers in this category. It's only compared to Cincinnati that Cleveland looks to be lacking. It's an anomaly, and certainly hasn't prevented vast swaths of Cincinnati from being a total dump. Initiatives like 3CDC however are starting to make an impact. What it does impact though is culture. I could swing a bat blindfolded in Cincinnati and hit 15 people who have a college degree and work for a big corporation. In Orlando I'd need to hire a private investigator to find that many.
April 17, 201015 yr Oh, and as an aside, Wal-Mart is not only America's largest publicly held company, it dwarfs the number two (Goldman Sachs) by a factor of four, and is the world's twenty-fifth largest economy. It has revenues of half a trillion dollars.
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