Headquarters' Cities

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Map courtesy of the Martin Prosperity Institute

Corporate headquarters are both heavily concentrated in and very specialized by region, according to a new  analysis by Scott Pennington of the Martin Prosperity Institute.

Eighty-five percent of the headquarters of the largest companies in the U.S. and Canada are concentrated in a dozen or so mega-regions.

Two mega-regions - Chi-Pitts and Char-Lanta - account for almost half of all manufacturing headquarters. Chicago appears to have increased its hold on manufacturing headquarters, in effect pulling them in from other major cities in the mega-region.Not surprisingly, Hou-Orleans dominates in energy; and Nor-Cal is the center for high-tech headquarters.

Finance and insurance are more dispersed. While Bos-Wash accounts for 17 percent of finance and insurance headquarters, Char-Lanta and Tor-Buff-Chester also have significant clusters. These regions are also more diverse in their economic makeup - with significant concentrations of media and entertainment in Bos-Wash and Tor-Buff-Chester and of manufacturing in Char-lanta - perhaps leaving them more resilient in coping with the fallout from the financial crisis.

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Richard Florida is Senior Editor at The Atlantic and Director of the Martin Prosperity Institute at the University of Toronto. See his most recent writing at The Atlantic Cities. More

Florida is author of The Rise of the Creative Class, Who's Your City?, and The Great Reset. He is founder of the Creative Class Group.

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