Fortune 500: Florida's Largest Companies in 2011
(http://photos.metrojacksonville.com/photos/782339384_rJ5mJ-L.jpg)
According to the 2011 Fortune 500 list, the First Coast stacks up well when compared to Florida's other metropolitan areas.
Full Article
http://www.metrojacksonville.com/article/2011-may-fortune-500-floridas-largest-companies-in-2011
Realistically, I think it is a stretch to combine a company in Juno Beach with ones in Miami....if all of SoFla is combined, than Publix in Lakeland should be put in with the Tampa Bay area.
Juno Beach is in Palm Beach County. Palm Beach County is a part of the Miami/FTL/WPB metropolitan area. If a Brooksville company made the list, they would be included in Tampa's number despite there being a county between Hillsborough and Hernando Counties. Lakeland is its own MSA, due to it having its own economic base that isn't reliant on the larger neighbors across the county line. One could argue that Tampa would not be what it is today without Polk's phosphate and citrus industries making Tampa's port the largest in the state. Perhaps one day, both Orlando and Tampa will be included as being a part of the Lakeland area. ;D
well, still nice for our lowly, little Duval County to have four!
I agree with Lake, but so that Jax is tied for first, I say we remove Juno Beach from the Miami MSA.
I would say the SoFla MSA goes from Stuart to Homestead. Great news that Jax added another Fortune 500 company. I also like that this company was 'home grown' in a sense. It would be nice to recruit another one from another city.
It would be really interesting to see another chart comparing how much our F500 companies invest back into the city, as compared to similar metro areas.
I'd also would like to see how some of the larger privately-held companies in town stack up as well(We have LOTS of those)
There has been a lof of talk about public/private partnerships this election cycle, but I can think of a few companies that have been really engaged in such activity.. and others not so much.
I know the CSX executives have invested a lot personally in Jax.
QuoteIt would be really interesting to see another chart comparing how much our F500 companies invest back into the city, as compared to similar metro areas.
I agree *10,000.
I think that would be a really interesting statistic.
Quote from: Captain Zissou on May 09, 2011, 01:59:10 PM
QuoteIt would be really interesting to see another chart comparing how much our F500 companies invest back into the city, as compared to similar metro areas.
I agree *10,000.
I think that would be a really interesting statistic.
We already know. Winn Dixie does the most and CSX does the least. Fidelity falls in the middle.
Quote from: fieldafm on May 09, 2011, 01:27:30 PM
It would be really interesting to see another chart comparing how much our F500 companies invest back into the city, as compared to similar metro areas.
I'd also would like to see how some of the larger privately-held companies in town stack up as well(We have LOTS of those)
There has been a lof of talk about public/private partnerships this election cycle, but I can think of a few companies that have been really engaged in such activity.. and others not so much.
It is my observation that most companies in Florida do not invest in their respective cities as much as in some cities. Executives in our local companies do give back, no denying that, but I really think that their companies can do more.
It is my observation that certain companies really do huge bits for their cities. Retailers, financials, banks, telecom, healthcare, category killers like Home Depot and UPS, airlines, processors (the big Midwestern companies), energy companies, large real estate firms, and life companies literally sponsor their respective cities.
Winn Dixie is falling by the wayside and I am surprised it is holding on like it is. I think we will be saying bye bye in the not too distant future. CSX as a company does jack squat. Bill Foley and a few individuals do behind the scenes work in our city (albeit imho not to the amount they can), but Fidelity does not do so much as an entity.
There are a few cities whose "evil" corporations built up their cities into something incredible. In the first half of the 20th century several cities were literally Made by their companies (Cleveland, Pittsburgh, Detroit, Chicago, St. Louis, Milwaukee, etc). Some of these cities are enjoying a rebirth largely due to philanthropic companies there (Pittsburgh for instance...PNC and Heinz do quite a bit).
In the 1980s it was Houston, Dallas, Tulsa, and Denver. Of course Houston enjoyed a smaller repeat in the late 90s/early 2000s, largely due to Enron. OK City and Omaha are enjoying the philanthropic nature of their native firms as we speak. Same with Dallas, which has so many cultural venues going up sponsored by firms and their CEOs it's not even funny.
San Diego has enjoyed this.
Charlotte is what it is because of BOA, Wachovia, Duke Energy, Lowe's, and those companies' CEOs.
Of course not on the same level of F500s and billionaire CEOs as Houston or Dallas, but Atlanta is as much a city built on its locally grown brands as its visionary leadership/large airport. Went to the High this weekend and Cousins has a section, Delta has a section, bla bla bla. Home Depot and Coke brought the Olympics and HD sponsored the Olympics. Delta has certainly grown with the city. Cox Enterprises is all about the city. Chik Fil A is all about the city. Suntrust has its name plastered on everything. CNN and Ted Turner. Intercontinental Hotels Group even does its part. It's expected of every company, every major law firm, and every wealthy individual to give back big time.
I had an editorial come out today, so it's kind of becoming a monthly thing, but I have developed another editorial calling on more corporate leadership for Jacksonville. It's necessary, especially since we have hardly any other leadership.
An aside: I wish there were more pics of Jax's skyline like the one that accompanies this article. It shows BOTH sides of the river and includes all the buildings. Why do so many pics just show the Independent Life (or whatever it's name will be)? Local news broadcasts, please take note.
Quote from: ubben on May 09, 2011, 10:48:31 PM
An aside: I wish there were more pics of Jax's skyline like the one that accompanies this article. It shows BOTH sides of the river and includes all the buildings. Why do so many pics just show the Independent Life (or whatever it's name will be)? Local news broadcasts, please take note.
I completey agree!! I said the same thing. It shows the north AND south bank.
Before it split, was Fidelity the biggest company in Jax? It seems like based on this year's numbers and LPS' comeback, the original company would blow past CSX in revenue.
Yes LPS is now on the Fortune 1000.
Before the split, CSX and Fidelity were about the same in terms of revenue... which is to say square in the middle of the F500 rankings.
Winn Dixie isn't about to fold Simms. They are aggressively reinvesting in themselves actually.
I will say this, Fidelity has been a great partner with the Riverside Arts Market and the new floating dock at RAM. The land swap/Riverwalk completion deal and the parking agreement with RAM (and occasional park n ride for events like Luminaria) are the kinds of public-private partnerships we should be pursuing more and more. That being said, there is quite a bit of opportunity for more partnerships to be formed.
BCBSF is working with the city now to help pay for half of a traffic light at their main entrance along Gate Parkway and is working with JTA to provide PCT Trolley services for their(and Merril Lynch, Comcast, Fidelity Investments and Arizona Chemical) employees back/forth from the Town Center.
My opinoin is CSX is a total slacker when it comes to supporting the citizens of Jax, especially in terms of their giving to non-profits. If there is substantial evidence to the contrary, some one please post it.
They earned the same amount of money with less than half the total revenue of Publix. That is impressive.
If these local companies (those on the Fortune 500) pledged 3% of their profits to be re-invested into the community we would live in the greatest city in Florida.
I don't disagree...but how does a publicly traded company that is located all over the eastern half of the US tell it's Board that they should re-invest 3% of their profits in one community?
CSX recently made an announcement that they would actually be focusing more on the smaller communities throughout their rail network.
Here is more info: http://www.beyondourrails.org
Should we expect private companies to invest in communities that don't invest in themselves?
So you're saying you want them to invest almost $900 million annually in the city?? That would be awesome, but I don't see the boards of directors leaping at the opportunity.
On the bright side, if CSX is the "slacker", at least they're located downtown, say it is important and want to stay there.
Quote from: stephendare on May 13, 2011, 10:18:33 AM
Quote from: tufsu1 on May 13, 2011, 10:14:57 AM
I don't disagree...but how does a publicly traded company that is located all over the eastern half of the US tell it's Board that they should re-invest 3% of their profits in one community?
how about any community?
In point of fact, TUFSU, the corporate giants of this city actually do contribute substantially to the other cities in which they are located. Jacksonville is the sole exception. We don't have a mechanism or expectation for it.
I think it very reasonable to suggest that companies give back some of their profits...but for a company like CSX that would mean cities like Boston, NYC, Philly, Baltimore, DC, Raleigh, Richmond, Atlanta, Tampa, etc in addition to Jax...then there's the smaller communities Lunican mentioned... and that's just on the east coast
Quote from: tufsu1 on May 13, 2011, 12:06:18 PM
Quote from: stephendare on May 13, 2011, 10:18:33 AM
Quote from: tufsu1 on May 13, 2011, 10:14:57 AM
I don't disagree...but how does a publicly traded company that is located all over the eastern half of the US tell it's Board that they should re-invest 3% of their profits in one community?
how about any community?
In point of fact, TUFSU, the corporate giants of this city actually do contribute substantially to the other cities in which they are located. Jacksonville is the sole exception. We don't have a mechanism or expectation for it.
I think it very reasonable to suggest that companies give back some of their profits...but for a company like CSX that would mean cities like Boston, NYC, Philly, Baltimore, DC, Raleigh, Richmond, Atlanta, Tampa, etc in addition to Jax...then there's the smaller communities Lunican mentioned... and that's just on the east coast
But at the end of the day, they are a Jax fourtune 500 company and This is their home. Im not saying they should break the bank, but DANG give back to the community some. Heck, as small as Everbank is theyve slapped their name on the stadium. Heck Winn Dixie has done more for the Jacksonville community than CSX. Even BCBSFL has given more back to the community than CSX has.
Dont get me wrong, I am glad they are here and are deticated to staying downtown, but other than that, what else are they doing?
Hey, they are gracious enough to give everyone in the core the sweet sound of their train horns at 3AM ::)
^ ....and the nice little train set at the zoo.
Quote from: acme54321 on May 13, 2011, 01:27:03 PM
Hey, they are gracious enough to give everyone in the core the sweet sound of their train horns at 3AM ::)
Oh Im imune to the horns. My mom's house on the NS is at the end of the street, right by the railroad tracks. Oh the sweet sounds of horns and windows rattling at 3AM. Brings back fond memories of my childhood LMAO
Can't fault them for the horns. The tracks have been in place since the mid to late 1800s.
You know, I'd hate to say this but our Fortune 500 companies are pretty dinky. I'm not sure this is a celebration but more of an embarrassment.
Charlotte, yes, that city which we like to compare has ONE Fortune 500 company that has enough power to buy all our little Fortune 500 companies. Bank of America is worth $121 BILLION (Mkt Cap) while CSX, one of our largest, is only worth $25 billion. Winn-Dixie has a market cap of less that a billion and Fidelity is only $3 or so billion.
Let me put it this way, Bank of America has enough value to buy ALL our Fortune 500 companies in this city and then some more. It's value was cut by a lot after the banking crisis which cased it to be worth a whole lot less than it is today. Bank of America isn't even the biggest one in the nation!
If you combine all the Fortune 500's that Charlotte has, start crying because our city, even our state is that poor!
Quote from: thelakelander on May 13, 2011, 02:54:58 PM
Can't fault them for the horns. The tracks have been in place since the mid to late 1800s.
It was a joke... but sometimes it does get a little ridiculous in the middle of the night. I usually sleep through it.
Oh, I know. However, isn't there less train traffic then there was during rail's heyday? Imagine living next to the tracks in 1930. Regarding the Charlotte/BOA example, Publix is significantly smaller as well, but they've poured a ton of money into Lakeland's downtown revitalization projects and enhancing Florida Southern College's campus. I still think a major key to stimulating public/private partnerships is the public sector making an effort to invest in itself first.
Didn't CSX donate those plaques of interest along the northbank Riverwalk, on the newer section?
I work for the Jacksonville Symphony Orchestra ("Music Man").
We get solid support from BCBS and Fidelity, zip from CSX. We are the largest non-profit in town, and located about 200 yards away from their corporate headquarters. So maybe I just take it personnaly, but getting a grant of, say $125,000 to help fund our family or education concerts from CSX, would be money well spent (and badly needed). Improving quality of life for our citizens and getting great publicity at the same time.....
P.S. $125,000 average monthly salary of ????????????????