Tuesday, April 22, 2008

Texas Tops States with Fortune 500 Companies

According to an Associated Press report, Texas now is home to the headquarters of more Fortune 500 companies than any other state. Fifty-eight such companies call the Lone Star State home. New York has 55; California has 52.

While many of these businesses started here, a significant number have relocated from other states. The primary reasons for moving to Texas, according to the report, include "low taxes, affordable land, and large workforce." Those factors have influenced businesses to move here from high tax, high cost-of-living states such as California and New York.

Of the 58 Fortune 500 companies in Texas, 23 have their headquarters in the Dallas/Fort Worth metropolitan area (including Irving, Grapevine, and Plano. Of the companies on the Fortune 1000 list, 113 are domiciled in Texas.

Now, if only The Oracle could convince one of those companies to hire him....


Blogger Lanette said...

At least you know you're in a good place.

9:08 AM  

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