Before Gov. Gretchen Whitmer took office, 30 Michigan companies were listed on the Fortune 500 in 2018.
Now that number is nearly cut in half, with two more Michigan companies dropping off the prestigious 2024 rankings based on revenue.
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A total of 16 Michigan companies made this year’s Fortune 500 list, a figure that has declined for two years in a row, Crain’s Detroit reports.
“The state’s biggest Fortune 500 casualty came at the hands of Kellogg Co. splitting its cereal, snacks and plant-based food business into separate companies and moving the bulk of its operations out of Battle Creek to Chicago in 2023,” according to the news site.
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