Carrollton’s Presence on the Fortune 500
The City of Carrollton | August 2016
The City of Carrollton is often known for its Historic Downtown, miles of trails, family friendly environment, and its accessible location. But, what many don’t know is that the City has another side, one which includes a thriving corporate community, consisting of divisions and branches of some of the world’s most well-known corporations. Carrollton’s diverse business community is well represented on the 2016 Fortune 500 List released this summer, with 22 Carrollton companies being represented by 18 of the Fortune’s 500. These companies have chosen Carrollton from which to operate; a choice that is benefitted by our location, transportation system, favorable tax structure, access to qualified workforce, and competitive real estate market.
Further contributing to our tax base and overall economy, these companies conduct business between one another and with other Carrollton companies. Of the City’s reported annual $1.3 billion in taxable sales for 2015, it is estimated that over 80% is generated by the services/wholesale sector vs. the traditional retail/restaurant/ entertainment sector. So, it is on many levels that these companies have a noticeable impact on our community. While many Fortune 500 retailers are represented in Carrollton (Wal-Mart, CVS, Kroger, Bank of America), the list below provides a “behind the scenes” look at the side of these global corporations that develops, distributes, stores, markets and manufacturers their respective products within their corporate structures.
The following Carrollton companies made the list:
To highlight a few of Carrollton’s Fortune 500 connections, PPG Paints produces and distributes latex paints for the home improvement and retail paint industries from its Carrollton location. The Carrollton PPG Plant began operating in 1960 and manufactures worldwide recognized brands such as Glidden. PPG Carrollton is a subsidiary of PPG Paints Corporate, which operates in over 70 countries with 2015 net sales of $15.3 billion.
Additionally, Sanmina is a global electronics manufacturing services provider and one of the world’s largest independent manufacturers of printed circuit boards and backplanes. Sanmina Carrollton is considered one of Sanmina’s Optical Centers of Excellence, providing design, testing and assembly of state of the art optical modules and subsystems. Sanmina has held it’s ranking on the Fortune 500 list for 15 years.
A subsidiary of the Blackstone Group, G6 Hospitality LLC is headquartered here in Carrollton. G6 owns, operates, and franchises over 1,300 economy lodging locations under the household brands of Motel 6 and Studio 6 Extended Stay. Just last year, G6 was rated one of the top 10 hospitality companies according to Hotel Management’s Top Hospitality Company rankings.
The City congratulates all these companies for their success and is pleased to provide an environment in which they may continue to thrive.
You may visit http://beta.fortune.com/fortune500 to view the full list of Fortune 500 companies.
For questions or comments regarding this article, please contact Andrea Roy, Economic Development Manager, Andrea.roy@cityofcarrollton.com.