Industry & Jobs

264 Fortune 500 Companies Represented 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 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 National Gypsum Company, Hendrick Automotive Group, Carolinas HealthCare System and Compass Group 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 metro areas find it attractive to recruit these companies’ headquarters due to the potential capital and labor investment and the extent of secondary investment. These headquarters also give global recognition to the city as a major center of business activity and contribute greatly to corporate giving for arts, education and cultural amenities in an area. See a complete list of 264 companies here: Fortune 500 List

Charlotte Industry

Charlotte Area Fortune 500 Headquarters

Bank of America (Banking) $115.1 billion in revenue, ranked 13th
Lowe’s (Retail $50.2 billion in revenue, ranked 54st
Nucor (Metals) $20.0 billion in revenue, ranked 138th
Duke Energy (Utilities) $14.5 billion in revenue, ranked 186th
Family Dollar (Retail) $8.5 billion in revenue, ranked 301st
Sonic Automotive (Automotive Retailing) $7.9 billion in revenue, ranked 330th
Domtar (Forest and Paper Products) $5.6 billion in revenue, ranked 436th
SPX (Electronics) $5.5 billion in revenue, ranked 446th

Charlotte: Silicon of the South…