Research & Data

Monday, May 21, 2018
Charlotte gains on Fortune 1000 list

The Charlotte region is home to 15 of the United States' 1,000 largest publicly traded companies, according to the 2018 Fortune 1000 list, released this week. That's one more than last year. 

Door and window manufacturer JELD-WEN, a relative newcomer to Charlotte which expanded its headquarters and added 200 jobs in 2016, made its first appearance on the list at No. 625.   

JELD-WEN is a major supplier to Lowe's, which is also headquartered in the region and came in at No. 40 on this year's list. Charlotte's highest ranking company on the list, Bank of America, moved up two spots to No. 24 and reported more than $100 billion in revenues for 2017. Steel manufacturer Nucor rose 18 spots to No. 151. Duke Energy (No. 125), Sonic Automotive (No. 298) and Sealed Air (No. 456), round out the six Charlotte region-based companies in the top 500.

Coca-Cola Bottling Company Consolidated made the largest improvement on the list, moving to No. 576 from No. 701 last year and adding $1.2 billion in reported revenues - a 37 percent increase. Coca-Cola Bottling is headquartered in South Park with a customer service center in the University area and distribution and manufacturing centers throughout the region. Curtiss-Wright, a supplier to the aerospace, energy and defense markets, also moved up in the rankings to No. 885 from No. 908 in 2017.

A combination of high quality of life, low cost of doing business and availability of talent across industries has made Charlotte a major headquarters location for companies of all sizes. The region is home to more than 400 headquarters operations

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
40 Lowe's Mooresville $68.6B 40
125 Duke Energy Charlotte $23.2B 121
151 Nucor Charlotte $20.3B 169
298 Sonic Automotive Charlotte $9.9B 287
456 Sealed Air Charlotte $6.1B 397
517 Domtar Fort Mill $5.2B 505
554 CommScope Holdings Hickory $4.6B 518
576 Coca-Cola Bottling Company  Charlotte $4.2B 701
625 JELD-WEN Charlotte $3.8B n/a
664 Resolute Forest Products Catawba, SC $3.5B 646
723 Albemarle Corporation Charlotte $3.1B 654
885 Curtiss-Wright Charlotte $2.3B 908
901 Snyder's Lance Charlotte $2.2B 862
967 SPX Flow Charlotte $2.0B 939
Posted by: Chuck McShane - Vice President, Business Analytics and Data @ 12:00:00 am  Comments (0)
Wednesday, March 7, 2018
Charlotte Immigration Trends in the 21st Century

People come to Charlotte from all over the world. In fact, nearly 230,000 foreign-born people live in the Charlotte metro area as of the last American Community Survey county. That's up from only 105,000 in 2000.

Five countries account for 47 percent of the foreign-born population in the area. Those include long-established Mexican and Vietnamese communities as well as fast-growing El Salvadoran, Honduran and Indian populations. The Indian-born community grew by about 451 percent since 2000, accounting for the largest numerical growth of a foreign-born community, adding more than 18,000 people since 2000 to become the second-largest foreign-born population. 

Charlotte's international business relationships are continuing to grow as well, with more than 1,000 firms from 45 countries employing more than 66,000 people in the area. For more on international business in Charlotte, browse our International Businesses publication and purchase our International Business Directory.

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Posted by: Chuck McShane - Director of Business Analytics and Data @ 12:00:00 am  Comments (0)
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