Fortune magazine released their annual list of top 500 U.S. companies June 2014 and of course the mighty Texas-based businesses dominated the rankings.
- The growth of businesses across a wide spectrum of industries has caused Texas’ population to surge.
- New data released by the U.S. Census Bureau shows that Texas cities are leading the nation in population growth.
Three of the nation’s top five fastest-growing cities, and seven of the top 15, are located in Texas. According to the Census Bureau, Texas is the only state that is home to more than one city in the top 15.
“Our commitment to keeping taxes low, regulations reasonable, courts fair and schools accountable has helped produce an economic climate where businesses of any size can grow and thrive,” Gov. Perry said. “This is more evidence that the Texas way of doing business helps create jobs and opportunity for families.”
Texas is the only state to have three of the top ten companies in the Fortune 500. Also, Fortune 500 companies headquartered in Texas produce more sales revenue and grow at a faster rate than those in any other state.
According to the Fortune report, Texas gained two Fortune 1000 companies from 2013, and remained steady in the Fortune 500 ranking.
This includes high tech companies such as Texas Instruments and AT&T, as well as global leaders from a variety of industries, including manufacturing, energy and transportation.
Texas’ economic climate, ranked the best in the nation by Chief Executive Magazine for 10 years running, continues to attract employers from across the country and around the world.
- Last month, Toyota announced it is moving its North American headquarters to Plano.
- Additionally, Prudential Financial announced it will create 300 jobs in El Paso.
This influx of world-class employers to Texas means more jobs for Texans and a brighter economic future for generations to come.
- Houston dominates Fortune 500 list again (bizjournals.com)
- Texas Cities Among Nation’s Fastest-Growing, U.S. Census Bureau Says (usnews.com)
- Texas dominates 2014 Fortune 500 list with 52 companies (bizbeatblog.dallasnews.com)
- New York vs. Texas (crainsnewyork.com)