Region Focus

Fall 2006

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


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


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


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


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


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:

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

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