Texas is a state that has long been known for its business-friendly environment, and it's no surprise that many of the world's most iconic and influential companies have chosen to make it their home. From Austin's Freescale Semiconductor, Whole Foods, Dell and National Instruments to the 95 Fortune 1000 companies based in Texas, 50 of which are on the Fortune 500 list, the Lone Star State is a powerhouse of corporate operations. AT&T, ExxonMobil and McKesson top of the list, demonstrating that corporate operations in any industry can thrive in Texas. The governor's office announced in May that Texas leads all other states in the number of headquartered Fortune 500 companies.
With the recent addition of a well-known construction equipment company, there will now be 54 Fortune 500 companies based in Texas. Startups like Dell grew out of university residences and became global innovators, while established giants such as Toyota located their North American headquarters in the state after a thorough site search. AUSTIN, TX — Governor Greg Abbott announced today that Hewlett Packard Enterprise (HPE) will move its global headquarters to Spring, Texas, from San Jose, California. Austin's appeal as a place to live and work is a big draw for companies looking to establish corporate and regional headquarters. Across the state's 25 major metropolitan areas, more than 40 micropolitan areas, and hundreds of rural locations, administrative operations are finding the labor and real estate to carry out their missions.
In Texas and the Austin region, the tax structure is fair, competitive and designed to make businesses feel welcome. The corporate services sector continues to grow in Texas, adding new corporate headquarters and creating jobs every year. It's clear why so many businesses move to Texas With massive infrastructure, a skilled Texas workforce, low tax burdens and strong Texas business incentives, the Texas business climate is truly second to none. Of course, there are thousands of other companies that employ millions of people across the state. The Austin metropolitan area is recognized nationwide as a select location for corporate headquarters and support facilities. With its competitive business cost and diverse environments, companies can succeed in Texas's skilled workforce.
It's no wonder why so many iconic and influential companies choose to go big in Texas with corporate services operations.