Econ Focus
Where the Executives Roam
Corporations have more options for locating their headquarters than ever before, benefiting smaller metropolitan areas
By Charles Gerena
Fortune 1000 Companies in the Fifth District
DISTRICT OF COLUMBIA
The nation's capital still manages to house its share of corporate headquarters.
| Fortune Rank | Company |
| 283 | Pepco Holdings |
| 287 | Danaher |
| 534 | Washington Post |
| 611 | Harman International Industries |
| 762 | WGL Holdings |
MARYLAND
Bethesda, a Maryland suburb just north of Washington, D.C., is home to more Fortune 1000 firms than Baltimore. However, Baltimore still serves as a hub for financial services corporations.
| Fortune Rank | Company | City |
| 52 | Lockheed Martin | Bethesda |
| 125 | Constellation Energy | Baltimore |
| 203 | Marriott International | Bethesda |
| 328 | Coventry Health Care | Bethesda |
| 330 | Black & Decker | Towson |
| 502 | Host Marriott | Bethesda |
| 670 | McCormick | Sparks |
| 675 | W.R. Grace | Columbia |
| 695 | Legg Mason | Baltimore |
| 926 | Vertis | Baltimore |
| 944 | USEC | Bethesda |
| 963 | T. Rowe Price | Baltimore |
NORTH CAROLINA
Two of the nation's largest banks are headquartered in Charlotte, along with nine other Fortune 1000 companies. Other clusters of corporate headquarters can be found in North Carolina's Research Triangle and Piedmont Triad regions.
| Fortune Rank | Company | City |
| 12 | Bank of America | Charlotte |
| 42 | Lowe's | Mooresville |
| 57 | Wachovia | Charlotte |
| 117 | Duke Energy | Charlotte |
| 177 | Nucor | Charlotte |
| 222 | Progress Energy | Raleigh |
| 276 | Sonic Automotive | Charlotte |
| 280 | Reynolds American | Winston-Salem |
| 292 | BB&T | Winston-Salem |
| 333 | VF | Greensboro |
| 369 | Family Dollar Stores | Matthews |
| 402 | Goodrich | Charlotte |
| 446 | SPX | Charlotte |
| 478 | Jefferson-Pilot | Greensboro |
| 511 | Pantry | Sanford |
| 563 | Laboratory Corp. of America | Burlington |
| 624 | Ruddick | Charlotte |
| 649 | Belk | Charlotte |
| 680 | Carlisle | Charlotte |
| 744 | Ingles Markets | Black Mountain |
| 781 | Quintiles Transnational | Durham |
| 804 | Martin Marietta Materials | Raleigh |
| 871 | Piedmont Natural Gas | Charlotte |
| 914 | Dex Media | Cary |
| 981 | Sealy | Trinity |
SOUTH CAROLINA
Only four Fortune 1000 companies are located in the Palmetto State, although major private corporations like Extended Stay America and Milliken & Co. are also based here.
| Fortune Rank | Company | City |
| 447 | SCANA | Columbia |
| 540 | Sonoco Products | Hartsville |
| 544 | Bowater | Greenville |
| 982 | ScanSource | Greenville |
VIRGINIA
A dozen corporations are headquartered within the Richmond metropolitan area, along with major subsidiaries of corporations such as Philip Morris USA and Wachovia Securities.
| Fortune Rank | Company | City |
| 59 | Sprint Nextel | Reston |
| 100 | General Dynamics | Falls Church |
| 123 | Dominion Resources | Richmond |
| 187 | Capital One Financial | McLean |
| 205 | Smithfield Foods | Smithfield |
| 221 | AES | Arlington |
| 223 | Genworth Financial | Richmond |
| 226 | Circuit City Stores | Richmond |
| 270 | Norfolk Southern | Norfolk |
| 296 | Gannett | McLean |
| 331 | SLM | Reston |
| 349 | Performance Food Group | Richmond |
| 395 | Brink's | Richmond |
| 410 | NVR | Reston |
| 411 | CarMax | Richmond |
| 443 | Owens & Minor | Mechanicsville |
| 477 | Advance Auto Parts | Roanoke |
| 500 | LandAmerica Financial | Richmond |
| 555 | Dollar Tree Stores | Chesapeake |
| 569 | Universal | Richmond |
| 732 | Amerigroup | Virginia Beach |
| 756 | Massey Energy | Richmond |
| 758 | Markel | Glen Allen |
| 776 | Albemarle | Richmond |
| 854 | Sunrise Senior Living | McLean |
| 876 | NII Holdings | Reston |
| 920 | Alpha Natural Resources | Abingdon |
| 921 | CACI | Arlington |
| 974 | Anteon International | Fairfax |
| 998 | XO Communications | Reston |
Complete list of Fortune 500's annual ranking of America's largest corporations:
http://money.cnn.com/magazines/fortune/fortune500/full_list/
NOTE: List is ranked by revenues. All companies on the list must publish financial data and must report part or all of their figures to a government agency. Private companies and cooperatives that produce a 10-K are, therefore, included; subsidiaries of foreign companies incorporated in the United States are excluded. West Virginia had only one Fortune 1000 firm headquarters located in Wheeling, which isn't within the official boundaries of the Fifth Federal Reserve District.
SOURCE: Fortune magazine, April 17, 2006