A roundup of global stories includes Nissan’s EV ecosystem in the UK;
top European countries for startups; Renault’s “Hippie Caviar Hotel”;
major solar in Malaysia.
Following up last week’s original analysis of top states for Inc. 5000
companies, this week we examine top industry sectors and top cities.
Here are the top 10 sectors, which are the same as last year’s top 10
(with last year’s company tallies in parentheses). Sectors with the
biggest leaps or drops are highlighted in bold. Just below the top 10
are Manufacturing (177 firms) and Logistics & Transportation (175):
Top Industry Sector by Number of
2021 Inc. 5000 Companies
Software
569 (551)
Business Products & Services
549 (453)
Advertising & Marketing
411 (454)
Health
368 (351)
Consumer Products & Services
333 (310)
Financial Services
296 (265)
Construction
285 (347)
IT Management
253 (330)
Real Estate
207 (192)
Government Services
183 (243)
Below are the Top 10 cities, with last year’s ranking in parentheses. A
number of these cities (not metro areas) have lost a few companies in
their total numbers, with the notable exception of Denver, which gained
15 companies since last year to vault to No. 8 from just outside the top
10 at No. 11 last year.
Top 10 Cities by Number of Inc.
5000 Companies
1. New York, New York (1)
153
2. Chicago, Illinois (2)
116
3. Atlanta, Georgia (3)
101
4. Austin, Texas (4)
97
5. San Diego, California (7)
66
6. Houston, Texas (5)
64
7. San Francisco, California (6)
63
8. Denver, Colorado (11)
56
9. Dallas, Texas (9)
55
10. Los Angeles, California (8)
54
Here’s a look at the next 10 cities, with the L.A.-area city of Irvine
and the D.C.-area city of Arlington punching above their weight:
Top 10 Cities by Number of Inc.
5000 Companies
11. Boston, Massachusetts
45
12. Phoenix, Arizona
42
13. Tampa, Florida
41
14. Nashville, Tennessee
36
15. Washington, D.C.
34
16. Irvine, California
34
17. Seattle, Washington
34
18. Richmond, Virginia
32
19. Arlington, Virginia
31
20. Huntsville, Alabama
30
21. Charlotte, North Carolina
30
Watch this space next week for further Inc. 5000 analysis by metro area
and metro area per capita, where some mighty strong suburbs will be on
display from such areas as the nation’s capital, Nashville, Dallas-Fort
Worth and Phoenix. — Adam Bruns and Daniel Boyer
PROJECT WATCH
Texas
Texas Governor Greg Abbott early this month announced that Denver-based
Leprino Foods will establish a new dairy products manufacturing facility
in Lubbock, Texas. According to the Conway Data Projects Database, the
most recent projects from Leprino, which produces mozzarella cheese and
other dairy products, were a $15 million investment in Roswell, New
Mexico, in 2018, and a $190 million, 150-job investment in its hometown
of Denver in 2016. “We are excited for the opportunities that the
Lubbock region provides, as well as bringing people, processes, and
technology together at a new, state-of-the-art facility,” said Mike
Durkin, president of Leprino Foods. “Furthermore, this new plant will
play a critical role in the dairy industry in Texas and will have a
substantial regional impact for local dairy farmers across the South
Plains to fulfill daily production needs.” “Leprino Foods arrival in
Lubbock reinforces West Texas’ reputation as being the country’s source
for fuel, food and fiber,” said Representative Dustin Burrows.
DHL Express in late September opened its new facility in Hamilton at the
John C. Munro Hamilton International Airport. The facility is four times
the size of the original building at the site. also located at Hamilton
International Airport, in order to meet significant increase in shipping
volumes. “The new technology and services we’ve implemented, as well as
the increased capacity for handling at the Hamilton Airport, will allow
us to meet the double-digit sales growth we’ve seen in shipping,” said
Darryl Wettlaufer, VP of Operations for DHL Express Canada. The airport
has 24-hour landing capability with dedicated Canada Border Services
Agency staff on site, which ultimately helped influence the company’s
decision to expand in Hamilton. Every month, 60% of DHL’s total Canadian
shipments are cleared at Hamilton International Airport. Other DHL
Express gateways in Canada are located in Vancouver, Calgary, Edmonton,
Winnipeg, Montreal and Mirabel.
The facility is part of more than $360 million DHL Express is investing
in the Americas region between 2020 and 2022, including an expanded hub
in Miami; hub expansions in Mexico City, Guadalajara and Monterrey; and
gateway expansions in Capinas, Brazil, and Lima, Peru. In terms of new
jobs, in the U.S. alone, more than 2,600 new jobs are expected to be
filled throughout 2021, in addition to the 3,000 that were created in
2020. These new jobs include 1,100 new positions at the DHL Americas Hub
at Cincinnati/Northern Kentucky Airport (CVG), and nearly 200 at the
expanded hub in Miami.
Person County, North Carolina, is part of the Research Triangle Region,
renowned for its Tier 1 Research Universities, highly-educated
workforce, and abundant amenities. Uniquely-situated between
Raleigh-Durham, the Piedmont Triad, and Southern Virginia, Person County
offers the benefits of the highly-favorable NC business climate while
drawing skilled workers from 2 states with nationally-recognized
workforce training programs.
Our diverse manufacturing sector includes automotive components, energy
production, furniture manufacturing, nonwovens, building products, LED
lighting, and more.
Person County, NC – mid-point of the
Eastern US, equidistant to Ports of Virginia and NC; 3 international
airports in under 3 hours, transportation systems providing access
to 60% of the US within 2 days.
PERSON COUNTY MEGA PARK: 1,350-acre, NC Certified with
globally-unique power capacity delivered through multiple 230kV
transmission lines crossing the site to provide REDUNDANT, RESILIENT,
RELIABLE electricity. Served by a 12” waterline with an existing
capacity of more than 2MGD and 288 strands of county-owned, open-access
dark fiber. USACE-permitted for fast-track development. Wastewater and
natural gas designed to meet industry needs.
NORTH PARK SITE: 26-acre, county-owned, permitted site
being developed for a 60,000-100,000sf manufacturing facility to meet
the needs of mid-sized projects requiring quick speed-to-market,
affordability, and a strong manufacturing workforce.
Also under construction is a GULFSTREAM-CLASS CORPORATE HANGAR with
office at The Raleigh Regional Airport at Person County, a 6,005’-runway
general aviation airport ready to support cargo delivery, corporate
travel, other aviation needs.
WORKFORCE
Within a 50-mile radius there exists a workforce of 1.2 million and a
plethora of Tier 1 universities, award-winning community colleges,
industry-focused technical institutions, and strong, workforce-focused
K-12 programs, ensuring a pipeline of skilled workers.
POLYWOOD has just announced expansion plans to add an additional 300
jobs and $61.6M in capital investment, citing community support and the
ability to build a quality workforce as reasons for expanding in Person
County.
INCENTIVES and TARGET SECTORS
Person County is a part of Foreign Trade Zone 93 and offers large areas
of Federal Opportunity Zones, as well as a terrific and affordable
quality of life, and the lowest Corporate Tax Rate in the country at
2.5%. Person County enjoys a Tier 2 county designation for the numerous
grants and incentives programs offered by NC Commerce and also supports
robust local incentives for projects bringing jobs and investment into
the county.
Piedmont Community College provides customized training programs and
facilitates internship and apprenticeship opportunities. On-the-job
training support is available through NC Works, all providing additional
value to companies locating here.
All these benefits combined with our robust infrastructure make Person
County an ideal location for large scale manufacturing, including
Semiconductor, Advanced Manufacturing, Technology/Data Center, Clean
Energy, Aerospace/Defense, Life Sciences, AgTech, Automotive and other
emerging industries
Contact Person County Economic Development to schedule a site visit and
to explore more of what our beautiful, business-friendly region has to
offer.
Located halfway between St. Louis and Memphis, the región is home to
five port facilities, seven major highways, Class I rail service and a
regional airport.
Financial services platform FINOM has released its FINOM
Innovation in Business Index, which assesses the innovation
ecosystems of 100 global cities across 12 industry sectors and seven
innovation topics such as government R&D, venture capital and startup
activity. San Francisco is No. 1, followed by Beijing and New York.
Visit the link above to sort the rankings by sub-category.
If you’re looking for innovation in tax policy, the Tax Foundation in
September released the fifth annual edition of i Spanish Regional Tax Competitiveness Index,
which finds Madrid (No. 32 in FINOM’s index) at No. 1 among the
country’s 19 regions.
Top 10 Cities, FINOM Innovation
in Business Index
1. San Francisco
2. Beijing
3. New York
4. London
5. Boston
6. Shanghai
7. Tokyo
8. Paris
9. Washington, D.C.
10. Los Angeles
PHOTO OF THE
DAY
Photo by Augustus Mayhew courtesy of the
artist Hubert Phipps and News Travels Fast
The new sculpture “Rocket” by Hubert Phipps was recently selected for an
Art in Public Places initiative at the Boca Raton Innovation Campus
(BRiC), a historic technology and architectural landmark location where
the first IBM personal computer was invented. The public art program is
part of a cultural partnership between the Boca Raton Museum of Art and
commercial real estate owner, operator and developer CP Group. The
sculpture is valued at $1.5 million, stands 30 feet tall, weighs 9.8
tons, and took more than 2,200 sq. ft. of stainless steel to construct.
The sculpture was fabricated in Hangzhou, China. Click here
to read more about Phipps’ compelling personal history and heritage in
aviation and his other work.
A news release states that the sculpture “towers alongside a waterfront
panorama of iconic architecture designed by Marcel Breuer in the 1960s,”
noting that the buildings and sculpture complement one another in the
Brutalist style. “The sculpture by Hubert Phipps was conceived as that
intersection between art and science, and celebrates the heroics of
modern engineering, as also seen in Marcel Breuer’s historic building
designs for IBM’s North American Research and Development Headquarters,”
said Irvin Lippman, the executive director of the Boca Raton Museum of
Art. BRiC today is a 1.7 million-sq.-ft. office park that supporters
call a magnet for “forward thinkers in technology and life sciences.”
The campus is currently home to 18 national headquarters and 19 regional
offices including sites from Kroger, Modernizing Medicine, Canon and
Boca Regional Hospital.
