Utah is still missing from the Fortune 500
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For the 10th year in a row, Utah has no companies on the Fortune 500 list.
The big picture: Utah is one of the largest states not to have a business on the Fortune 500.
- Only South Carolina has more people without a Fortune 500 presence.
How it works: The annual Fortune 500 list, which was released last week, ranks U.S. companies by revenue.
The intrigue: Utah is known for its strong economy and infrastructure, qualities that may seem accommodating for big business.
Yes, but: The state does have a lot of small businesses per capita, according to a recent analysis of census data by the consultant LLC Attorney.
Catch up quick: Since 1996, the earliest year data was available, Utah has had three Fortune 500 companies.
- American Stores Company owned grocery and drug store chains like Albertsons.
- Autoliv is no longer listed as an Utah company, though it still has operations here. The company is now based in Sweden.
- Huntsman Corporation is now headquartered in Texas. It dropped off the Fortune 500 list after 2023.
Zoom out: Three Utah companies are listed in the Fortune 1000.
- Zions Bancorp (No. 665)
- SkyWest Airlines (No. 844)
- Extra Space Storage (No. 861)