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US Foods Holding Corp. (formerly known as U.S. Food service) is an American food service distributor founded in 1989. With approximately $24 billion in annual revenue, [ 4 ] US Foods was the 10th largest private company in the US up until its IPO.
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
The food system, including food service and food retailing supplied $1.24 trillion worth of food in 2010 in the US, $594 billion of which was supplied by food service facilities, defined by the USDA as any place which prepares food for immediate consumption on site, including locations that are not primarily engaged in dispensing meals such as recreational facilities and retail stores. [2]
Key employs nearly 5,000 people in Greater Cleveland. [5] There are many banks with a presence in the Cleveland Metro Area, including Fifth-Third Bank, U.S. Bank, Bank of America, PNC, Dollar Bank, Chase, and Huntington. The Federal Reserve Bank of Cleveland was built in 1923, a time when Cleveland's population was nearly twice the size today. [6]
The economy of Ohio nominally would be the 20th largest global economy (behind Turkey and ahead of Switzerland) according to The World Bank as of 2022. [8] The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, [9] ranking 7th in the nation behind Pennsylvania and ahead of Georgia. [10]
Pick-N-Pay Supermarkets was a chain of supermarkets which operated in the Greater Cleveland, Ohio area. The company's origin can be traced to the year 1928 and the opening of a small dairy store in Cleveland Heights, Ohio by Edward Silverberg who then expanded his operation and created a chain of such stores which he called Farmview Creamery Stores.
Nation's Restaurant News's sister publications are Restaurant Hospitality, Food Management, Supermarket News, and MUFSO (Multi-Unit Food Service Operators). Nation's Restaurant News is published bi-weekly, with an online portal that launched in 1996. [3] Nation's Restaurant News reports a monthly print readership of more than 66,000 subscribers ...
The U.S. restaurant industry was projected to have $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [115] The industry as a whole as of February 2020 employed more than 15 million people, representing 10 percent of the workforce directly. [115]