Baltimore, Buffalo only NFL cities with no Fortune 500 firms
By NICHOLAS FOURIEZOS
The Baltimore Sun|
Sep 28, 2013 | 9:31 PM
While the Baltimore Ravens and the Buffalo Bills prepare for their Sunday matchup, the two franchises don't seem to have much in common.
Buffalo has gone through six general managers since 2000 and hasn't made the playoffs during that time. Meanwhile, Baltimore has been the model of consistency, with nine playoff appearances and two Super Bowl championships.
The two cities do share one unflattering trait, though.
Baltimore and Buffalo rank as the only metropolitan areas with a National Football League franchise that don't also have a Fortune 500 company within their boundaries, according to a release from Maryland Business for Responsive Government.
Maryland has four Fortune 500 companies and they are all based in Bethesda: No. 59 Lockheed Martin, No. 195 Coventry Health Care, No. 230 Marriott International and No. 469 Host Hotels and Resorts.
Jerry Wit, chairman of the nonprofit business group, said the Buffalo connection reflected poorly on Baltimore.
"Does it make you feel secure and proud to share this distinction with the city of Buffalo?" Wit said in a press release. "Does anyone working or living in Baltimore really want to be compared to Buffalo?"
Baltimore has more than 600,000 residents. In comparison, similarly-sized NFL cities with Fortune 500 companies include Atlanta (11), Charlotte (5) and Nashville (2), among others.
In the past seven years, Maryland has lost nine Fortune 500 companies while neighboring Virginia has improved from 17 to 27 Fortune 500 companies, according to MBRG.
Constellation Energy was Baltimore's sole representative on the 2012 Fortune 500 list, but was acquired by Chicago's Exelon Corp. for $7.9 billion in March of last year.