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Federal Reserve Bank of Dallas
Southwest Economy
Noteworthy: Fortune 500: Texas ties California for national lead
Michael Nicholson
Abstract

According to the 2010 Fortune 500, released in April, Texas hosts the headquarters of 57 of the nation's 500 largest companies, ranked by gross revenues. Texas secured its place as a Fortune 500 leader through its position as focal point of the domestic energy industry, its relatively strong economic growth over the past decade, and its relatively low tax rates and living costs.


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Michael Nicholson, "Noteworthy: Fortune 500: Texas ties California for national lead" , Federal Reserve Bank of Dallas, Southwest Economy, issue Q2, pages 15-, 2010.
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Keywords: Economic conditions - Texas ; Economic development ; Corporations - Headquarters
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