What's The Biggest Business In Your State?

Tyler Durden's picture

A state economy is nothing without the businesses that call it home. But, as WaPo notes, those businesses are not created equally - bigger businesses naturally have outsized influence, generating more revenue, paying more taxes and employing more people. As Bloomberg notes below, some are less surprising - GM runs Michigan, ExxonMobil runs Texas, and Berkshire Hathaway runs Nebraska but for Washington (home of Microsoft), it is CostCo that runs the state.  

 

 

So what's the biggest business in your state?


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rtalcott's picture

New Fucking Mexico the largest biz... it's the feds...as for Presbyterian they are one of the few organizations that does a damn good job... 

Top Gear's picture

Even so, being married to a Presbyterian must not be so nice, if this song is correct:

(very last line of the song)
https://www.youtube.com/watch?v=oWqMaTYRcCA

flacon's picture

What's the tallest, second tallest and third tallest buildings in your city? BANKS!!! FUCKIN BANKS!

A Nanny Moose's picture

In my city, the third tallest building is an old-folks home.

CrazyCooter's picture

JFC! They have the Alsaka Permanent Fund running Alaska!

I can't begin to tell you what a joke (a.k.a. complete BS) that is.

Regards,

Cooter

EDIT: Barely readable larger image here:

http://4.bp.blogspot.com/-k8TTEPn3YVQ/U6jetPSOOSI/AAAAAAAACOM/9gOjJqxyB1...

wee-weed up's picture

This article is "one-size-fits-all" bullshit!

CrazyCooter's picture

For folks that do not know, the "PFD" or "Permanent Fund Dividend" is how all Alaskans (who meet the criteria) receive a dividend check for living in Alaska. 

http://en.wikipedia.org/wiki/Alaska_Permanent_Fund

The short version is that political leadership back in the 70s had enough gumption to take all the excess revenue coming in up front and save it for when revenue declined (i.e. scrape off the "peak" of the revenue graph and use it to fill in the "long tail" - leveling out revenue over time). Eventually Alaska is going to go broke, and potentially back to a territory, over the long haul due to lack of tax revenue sans oil (i.e. ain't enough people/business without oil money).

I exchanged comments on OilPrice.com a while back with a book author (John M. Miller - see Amazon for his qualifications) on the subject here:

http://oilprice.com/Energy/Crude-Oil/Will-Big-Oil-Lose-its-Alaska-Tax-Br...

I bought his book and am certainly more enlightened than I was before. Y'all probably don't care about Alaska, but if you do it is definitely worth the read/price and has useful non-public insights.

Anyway, the point is that the PFD just invests surplus income (which is pretty much peaking/has peaked) and passes out a dividend check to shareholders (folks who live in Alaska) every year. I can assure you I stay away from bars when they mail those checks!

I doubt that is the "influence" implied by the OP, thus my up-thread comment.

Regards,

Cooter

mt paul's picture

alaska state pension plan

underfunded by 11 bil ..

the permanent fund

will last not much longer....

kaiserhoff's picture

The BIGGEST business in every state is government ~ 50% of GDP.

The biggest employer in your county, buy numbers, is probably the school system, unless you have a mega prison complex.

The BIGGEST BY PAYROLL is the local hospital, even if it is "not for profit."

Shit, meet fan.

ConfederateH's picture

Compare the PFD to Norway where the ruling socialists use their sovereign oil fund for party perks and perpetual power.  In effect, the men running the oil industry have turned it all over to the feminitst running the government and they never see anything more than their salaries and humongous tax bills.

At least in Alaska the slaves have seen a consistent return on their states natural wealth for decades.

Flakmeister's picture

That would explain why the Norwegians poll consistently happier and why it blows away the US on almost every measure of quality of life...

Including upward mobility....

Bangin7GramRocks's picture

Fucking happy and healthy socialists! Who the fuck do they think they are? Upward mobility. What is that?

sylviasays's picture

Besides tech, what's one of the biggest industries in California? Answer: WELFARE! 

34% Of the nation’s welfare recipients live in California but only…12% of the U.S. population resides there.  In California, welfare benefits can exceed 96% of the state's median salary.

 

Antifaschistische's picture

US will exchange Alaska for a few trillion in existing debt to a Sino-Russian consortium.

okay i'm joking...I like Life Below Zero.

mjcOH1's picture

"As Bloomberg notes below, some are less surprising - GM runs Michigan, ExxonMobil runs Texas, and Berkshire Hathaway runs Nebraska but for Washington (home of Microsoft), it is CostCo that runs the state."

 

Seriously?   In many if not most states, partiularly rust belt states, 'government' is the largest employer....eclipsing all manufacturers combined.

Ex.

http://online.wsj.com/news/articles/SB1000142405274870405020457621907386...

"If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). ... It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined."

So who owns these 50 states again?

CrazyCooter's picture

As I said below, the OP just took a dumb list of corp balance sheets, by state, and made a graphic.

No real reporting or analysis was done otherwise, thus my time invested digging at the conclusion made for Alaska, which is a state govt piggy bank/pleeb October drinking fund.

It might make sense for some states, but for many, it will be misleading. And, as you noted, it clearly ignores completely relevant data sets.

Shitty reporting, but fuck it - its Friday night - so it's probably good fodder for the booze-crowd at ZH to opine over and sound smart (as opposed that really dense treasury post they did - yikes).

Regards,

Cooter

wee-weed up's picture

 

 

Shitty reporting, but fuck it - its Friday night

No excuse!...

Whichever Tyler is on duty tonight...

I asleep at the switch - and shame on him!

This article is broad-brush "don't-want-to-research-the-details" bullshit!

And it does not measure up to the ZH standards we've come to know.

Flakmeister's picture

It's puff fun piece... Chill...

I think that SWC being #1 in Montana is interesting...

wee-weed up's picture

There's NOTHING puff or fun about...

What is happening to our country and it's economy!

Flakmeister's picture

That was foreordained a loooong time ago....

Before 1913...

Flakmeister's picture

I usually take Sant Clara v. Southern Pacific as the point where the US unwittingly chose a path destined for corporate fascism...

CheapBastard's picture

Gubmint has to be the Biggest in my State and is the lagest landowner closely followed by Churches. Hospitals and universities are up there too employing thousands of peeples and give generous benfits and salary.

TeethVillage88s's picture

Tot government employees is 22.5 million.

But I always feel the aggressive career asses are at the federal level. But I could need straightening out here.

All Employees: Government: Federal
2014-05: 2,705 Thousands of Persons (+ see more)

I never bothered to learn much about State Government. Used to be the Strike Breakers might have been state police or even national guard maybe. Got to add in Big city Mayors and police captains, maybe Pinkertons and hired toughs.

Anyway strikes me as worth pointing out that 2.7 million feds (with or without the Spy Agency personnel?) IS Small compared to the Trade, Transportation, & Utilities and then the manufacturing. But it doesn't make a difference the big money comes from Uncle Sugar, so that is where a lot of power is.

All Employees: Financial Activities
2014-05: 7,919 Thousands of Persons (+ see more)

All Employees: Manufacturing
2014-05: 12,099 Thousands of Persons (+ see more)

All Employees: Trade, Transportation & Utilities
2014-05: 26,333 Thousands of Persons (+ see more)

All Employees: Government
2014-05: 21,869 Thousands of Persons (+ see more)

All Employees: Professional & Business Services
2014-05: 19,146 Thousands of Persons (+ see more)

DoChenRollingBearing's picture

(Tallest building in Miami is a hotel/condo tower.)

One of We's picture

The Federal Building and the State Office Building....

tarsubil's picture

You better believe Regions runs Alabama. Poor hovels as far as the eye can see and then posh towers in Birmingham. It is so obvious what is going on there, I'm surprised no one has revolted. Anyone can throw a rock through the front window.

Skateboarder's picture

I threw up, then ROFLd, then felt sad about this map. Makes for a hell of a sports team name though. The Home Depot Hammers vs. the FedEx Couriers, etc.

Jam Akin's picture

Vs the ADM Supermarket Sweepers?

BlindMonkey's picture

Nope.  ADM Gene Jockeys.

Headbanger's picture

The Hannaford Huskies!

Love it!

 

But the "Keurig Kupps"?? 

Nahhhh..  Needs some work there..

 

"Keurig Killers" ??

"Keurig Keggers"??

"Keurig Klippers"??

"Keurig Klodds"  !!!  Perfect!

 

And "Sprague Oilers"??

CrazyCooter's picture

I think they just did a dumb sort on public data for (1) corporation HQs and (2) net assets.

Maybe useful/enlightening, but probably not properly researched at all leading to all sorts of false conclusions.

Regards,

Cooter

BlindMonkey's picture

I had a lot of hope for you a few days ago.  You are slipping to irrelevancy.  (It is a lot like the Queens of the Stone Age. A great start and then heaping piles of shit.)

Slave's picture

He's been a troll since post #1. I can't wait for the banhammer.

Kirk2NCC1701's picture

What about Alaska -- the "Independent Pioneer" state?  LOL.

Truth is, they'd have a rough go of it, without state subsidies from oil revenues.

El Vaquero's picture

 

New Fucking Mexico the largest biz... it's the feds...as for Presbyterian they are one of the few organizations that does a damn good job... 

I don't know why that got junked so much.  The largest business here IS the feds.  We have Sandia National Labs, Los Alamos National Labs, White Sands Missile Range (that's something like 40 mi x 100mi,) Kirtland AFB, Holloman AFB, Cannon AFB, and that's just the DOD/DOE stuff off of the top of my head this morning.  And that's in a state with a population of 2 million.

 

As for Pres, I've seen them save lives, but they had a hand in fucking my sister up pretty bad.  As in she's crippled for life.

Top Gear's picture

Hurrah for Wisconsin! Something to control my Johnson!

Slave's picture

Those have been 90% of his upvotes since he got here a week ago.

Yen Cross's picture

   Top Clown, sounds more appropriate. The guy quotes antiquated scripts, and knows NOTHING about trading.

MeMongo's picture

Im sure top gear did a whole lot more to himself than uptick! Trolling seems like a lonely business:-)

CrazyCooter's picture

Is that you MathMan?

Regards,

Cooter

Flakmeister's picture

Naw... Mathman was a clown...

dirtscratcher's picture

Hurrah for Wisconsin! Something to control my Johnson!---Top Gear

 

I don't understand all the down votes. That's funny!

VWAndy's picture

Government employees must not count?

LetThemEatRand's picture

Thank God for the productive class.  Too bad the State keeps keeping them down.  Think of how well off we'd all be if the CEOs made more money.

Yes_Questions's picture

 

 

the state keeps them down to halt competition.  

 

any really well paid CEO sees to this, through the state.