Texas, California & New York Account for 32% of the Fortune 500

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.