Fortune 500 and 1000 Companies in Charlotte
A major indicator of a city’s economic strength and stability is the presence of Fortune 500 operations. The Fortune 500 list is compiled each year by Fortune magazine by ranking the previous year’s annual revenues of large national and multinational corporations headquartered in the United States. Revenue does not have a direct relationship with profits or market value, but the list is a quantitative symbol of the scope, power and size of a particular company. Because Fortune does not include companies that do not file financial statements with government agencies or companies incorporated outside of the U.S., large corporations like Compass Group, Hendrick Automotive Group, Ingersoll Rand and National Gypsum Company are excluded from the list.
The companies on the Fortune 500 list represent an array of industries. They are also structurally diverse, ranging from partnerships and alliances to multiple business entities. It is no surprise that the Charlotte region attracts these companies’ headquarters due to the potential capital and labor investment and the extent of secondary investment. These headquarters also give global recognition to a city as a major center of business activity and contribute greatly to corporate giving for arts, education and cultural amenities in an area.
The Charlotte region boasts six Fortune 500 headquarters and a total of 15 Fortune 1000 headquarters as of the 2018 list. More importantly, more than 200 of the Fortune 500 companies have made a commitment to Charlotte by placing one or more of their facilities within the Charlotte region.
2018 Fortune 1000 company headquarters in Charlotte region
|2018 Fortune Rank||Company Name||Headquarter City||2017 Revenue||2017 Fortune Rank|
|24||Bank of America||Charlotte||$100.3B||26|
|576||Coca-Cola Bottling Company||Charlotte||$4.2B||701|
|664||Resolute Forest Products||Catawba, SC||$3.5B||646|
The full Fortune 500 list may be found at fortune.com/fortune500.