Visualizing Fortune 500 Companies by State
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In the competitive landscape of American business, certain states have emerged as critical hubs for the country’s top companies.
Based on data from the 2024 edition of the Fortune 500, this graphic reveals the number of Fortune 500 companies headquartered in each state.
California, New York, and Texas Lead the Way
California, New York, and Texas are the primary centers for America’s leading companies. These states host the highest number of Fortune 500 companies and represent diverse industries and significant economic influence.
California, which is number one on the list with 57 entrants, is home to tech giants like Apple, Nvidia, and Netflix.
State# of Companies
California57
New York52
Texas52
Illinois32
Ohio27
Virginia24
Florida22
Pennsylvania20
Georgia18
Minnesota17
Massachusetts16
Michigan16
Connecticut15
New Jersey14
North Carolina12
Washington12
Arizona10
Tennessee10
Colorado9
Indiana8
Wisconsin8
Missouri7
Oklahoma6
Rhode Island5
Arkansas4
Nebraska4
District Of Columbia3
Maryland3
Nevada3
Alabama2
Idaho2
Iowa2
Kentucky2
Louisiana2
Oregon2
Delaware1
Kansas1
Meanwhile, Texas has become a magnet for major corporations in recent years. Companies like Tesla, HP, and Oracle have relocated their headquarters to the Lone Star State, drawn by its business-friendly environment and growing economic opportunities.
Known primarily for its financial institutions, New York also boasts a diverse array of Fortune 500 companies, including names like Pepsi, Pfizer, and Estée Lauder.
Unexpected Player in the Fortune 500
While not typically associated with major corporate headquarters, Nebraska is notable for hosting four Fortune 500 companies, including Warren Buffett’s Berkshire Hathaway. It’s the seventh largest company by market capitalization in the country, worth nearly $1 trillion.
Interestingly, 14 states do not host any Fortune 500 companies.
If you enjoy posts like these, check out Mapped: The Richest Billionaires in U.S. States, which visualizes the richest person in each state.
The post Map: The Number of Fortune 500 Companies in Each U.S. State appeared first on Visual Capitalist.