• May 27, 2024

Successful Fortune 500 companies in Virginia

Written by The Steele Group Sotheby’s International Realty

For the fourth year in a row, last year, a total of six companies located in Richmond Virginia have managed to keep their position on Fortune’s list of the 500 most successful businesses in the USA. As with every year, the ranking released last year by the magazine was based on revenues that these public companies had generated in the USA.

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The companies that called home Richmond Virginia and which happened to be on the top 500 list did not change since 2012, which is quite a good news. Their ranks remained approximately constant as well. Business analysts have concluded that this success could be attributed to Richmond’s diversity in terms of economical activities. Another important aspect is that the Fortune 1000 list contains a total of 10 local Virginia companies. The region’s diverse economy consists of various industries namely insurance, utilities, tobacco, chemicals, packaging and business services.

Most importantly, out of the six on the top 500 list, two of them have even progressed from their initial rankings. For instance CarMax Inc., an automotive retail company based in Goochland County is ranked at 259. The company ranked at 279th place in 2012. Yet another company, Owens & Minor Inc. was ranked at number 298 earlier and had moved up one rank in 2014. However, the most successful Virginia based company by far is the tobacco leading company Altria Group Inc. which is now ranked at the 156th place.

The Steele Group Sotheby’s International Realty provides guidance to people wishing to relocate to Richmond on real estate Henrico county VA and Henrico county homes