BusinessNov 2, 2023
Texas, California & New York Account for 32% of the Fortune 500
@visualcapitalist
What we’re showing
This heatmap graphic shows how many Fortune 500 companies are in each state. See the Dataset tab for the entire list.
Context
- Many companies have relocated to Texas in recent years, including Tesla, Oracle, and Hewlett-Packard.
- Corporate relocations to Texas spiked in 2021, at 79 (42 in 2020, and 37 in 2022).
- A major draw for Texas is the fact that it has no personal or corporate income tax.
Dataset
| State | Number of Fortune 500 Companies |
|---|---|
| Texas | 55 |
| California | 53 |
| New York | 50 |
| Illinois | 33 |
| Ohio | 24 |
| Virginia | 24 |
| Florida | 23 |
| Pennsylvania | 23 |
| Georgia | 19 |
| Michigan | 18 |
| Massachusetts | 17 |
| Minnesota | 15 |
| Connecticut | 14 |
| New Jersey | 14 |
| North Carolina | 13 |
| Washington | 12 |
| Arizona | 10 |
| Colorado | 10 |
| Tennessee | 10 |
| Wisconsin | 8 |
| Indiana | 7 |
| Montana | 7 |
| Oklahoma | 6 |
| Arkansas | 4 |
| Nebraska | 4 |
| Rhose Island | 4 |
| Idaho | 3 |
| Maryland | 3 |
| Alabama | 2 |
| District of Columbia | 2 |
| Iowa | 2 |
| Louisiana | 2 |
| Nevada | 2 |
| Oregon | 2 |
| Delaware | 1 |
| Kansas | 1 |
| Kentucky | 1 |
| Missouri | 1 |
| South Carolina | 1 |
Data sources
3
0
520
