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Article: Reversal of Fortune 500 boosts Pittsburgh
- Article from:
- Tribune-Review/Pittsburgh Tribune-Review
- Article date:
- April 21, 2009
- Author:
CopyrightCopyright 2009 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. (Hide copyright information)
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Despite the sagging economy, the number of Western Pennsylvania
companies on Fortune magazine's list of the nation's 500 largest
publicly traded companies increased from six to eight this year.
Fortune's annual list is based on a company's previous-year
revenue. The region had seven companies on the list in 2007 and six
in 2008. Mylan Inc. and Consol Energy Inc. are the new local
companies on the list.
Organizations that market the region to potential employers and
to conventions agree: the more Fortune 500 companies based here, the
better.
"Having a number of local companies on the Fortune 500 list is
good for the image of the region," said Shawn Bannon, spokesman for
the Allegheny ...