Low taxes, affordable land and a large labor force have made Texas home to more Fortune 500 companies than any other state.
According to the latest list compiled by Fortune magazine, the Lone Star State boasts 58 headquarters. That is three more than New York, which previously held the number one spot, and six more than California.
Four of the largest six corporations in Texas last year were oil companies. Irving-based Exxon Mobil Corp. remained the biggest company with headquarters in Texas by 2007 revenue.
Other Texas companies on the magazine’s list include technology, such as Dell Inc., three of the nation’s biggest airlines, two of the biggest homebuilders, an insurer, a hospital company and the largest garbage hauler around.
Source: Associated Press