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California beats out Texas and New York for the most Fortune 500 companies

Posted on 6/5/24 at 1:19 pm
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
55734 posts
Posted on 6/5/24 at 1:19 pm
quote:

California has long been a hub of economic success, and with the world’s recent AI explosion, America’s technology capital is ready to soar to even greater heights.

For the first time since 2014, the Golden State beat out Texas and New York to become home to the most Fortune 500 companies, with an impressive 57 companies within its borders. Texas and New York, which both tied for second, have 52 companies each. 

Texas has proven to be tough competition in recent years, with companies like Tesla and pharmaceutical giant McKesson moving their headquarters to the Lone Star state to leverage its business-friendly policies like loose regulatory oversight and low taxes. So is New York, as America’s most populous city, remains the epicenter for banking and consulting firms.

Although five California-based companies dropped off the Fortune 500 list this year, the state beat out other competitors because nine companies headquartered there made the cut. Some newcomers include food delivery company DoorDash and real estate investment firm Prologis, cleaning product manufacturer Clorox, and software company Workday.



LINK
Posted by fareplay
Member since Nov 2012
5874 posts
Posted on 6/5/24 at 1:20 pm to
Liberal states seem to be more favorable for big business innovation
Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
3242 posts
Posted on 6/5/24 at 1:24 pm to
California has pretty much everything you could want minus the politics and the COL. It’s awesome to visit

I took a trip to Santa Barbara a few months ago and it is infinitely better than any FL or SC vacation destination I’ve taken. It has a Mediterranean climate, beautiful mountains, and a beautiful coastline.
This post was edited on 6/5/24 at 1:34 pm
Posted by zadams_318
McKinney, TX
Member since Aug 2019
514 posts
Posted on 6/5/24 at 1:25 pm to
Which explains why Californians are running to Texas by the tens of thousands... right?

Sounds like you guys can be self sufficient. You should secede and take your electoral votes with you
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77221 posts
Posted on 6/5/24 at 1:25 pm to
People are moving to California not only for economic opportunities but also for being by far the prettiest state in the country.
Posted by Loup
Ferriday
Member since Apr 2019
14129 posts
Posted on 6/5/24 at 1:28 pm to
quote:

People are moving to California not only for economic opportunities but also for being by far the prettiest state in the country.


If I were rich enough to not give a shite about the taxes and COL I'd 100% want to live in rural California. It's freakin' beautiful.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
86348 posts
Posted on 6/5/24 at 1:33 pm to
quote:

Sounds like you guys can be self sufficient. You should secede and take your electoral votes with you


Yes please
Posted by fareplay
Member since Nov 2012
5874 posts
Posted on 6/5/24 at 1:34 pm to
I have a strong suspicion that random rich folks don’t care about day to day politics. Life’s too good to focus on stuff like that all the time
Posted by CleverUserName
Member since Oct 2016
14378 posts
Posted on 6/5/24 at 1:34 pm to
Which should explain why the state is sitting very pretty budget wise… right?
Posted by MrSpock
Member since Sep 2015
4785 posts
Posted on 6/5/24 at 1:36 pm to
quote:

Which explains why Californians are running to Texas by the tens of thousands... right?



Why anyone would want to live here is beyond me?

Posted by blacroix
Member since Sep 2019
442 posts
Posted on 6/5/24 at 1:37 pm to
This is probably not something California should be bragging about. All of the hair gel socialist (Newsome) big donors are thriving while the middle class business owners are squeezed and taxed out. They still have massive exodus of residents moving to Texas and Florida.
Posted by JiminyCricket
Member since Jun 2017
5027 posts
Posted on 6/5/24 at 1:37 pm to
quote:


California has pretty much everything you could want minus the politics and the COL. It’s awesome to visit

I took a trip to Santa Barbara a few months ago and it is infinitely better than any FL or SC vacation destination I’ve taken. It has a Mediterranean climate, beautiful mountains, and a beautiful coastline.



Imagine having all of those things and people are still leave in huge numbers. All California needs to do is simply not trip over it's own transexual dick and they can't even do that.
Posted by Limitlesstigers
Lafayette
Member since Nov 2019
3770 posts
Posted on 6/5/24 at 1:40 pm to
If I was mega wealthy, I would totally live in Lake Tahoe or Monterey Bay. Two of the prettiest areas I've ever seen.
Posted by thejuiceisloose
Member since Nov 2018
5427 posts
Posted on 6/5/24 at 1:43 pm to
But muh go woke go broke
Posted by VADawg
Wherever
Member since Nov 2011
46859 posts
Posted on 6/5/24 at 1:45 pm to
quote:

California has pretty much everything you could want minus the politics and the COL.


Other than that, Mrs. Lincoln, how was the play?
Posted by brgfather129
Los Angeles, CA
Member since Jul 2009
17319 posts
Posted on 6/5/24 at 1:51 pm to
quote:

Which explains why Californians are running to Texas by the tens of thousands... right?


Compare the number "running" to the total population and report back.
Posted by CR4090
Member since Apr 2023
6400 posts
Posted on 6/5/24 at 1:58 pm to
Yay. Maybe all the carpetbaggers will go home.
Posted by lionward2014
New Orleans
Member since Jul 2015
12624 posts
Posted on 6/5/24 at 2:26 pm to
The worst part of California is it is filled with Californians. Everything else about it is pretty awesome.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86815 posts
Posted on 6/5/24 at 2:28 pm to
quote:

But muh go woke go broke


CA is woke and broke as frick. Muh 5th largest economy

Cannot wait till the per mile tax is brought in for all the dipshite EV clowns
Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
3242 posts
Posted on 6/5/24 at 3:26 pm to
quote:

Other than that, Mr. StealYoGirl, how was the play?


I think this is a more accurate and precise term, Mr. Cocksucker.
This post was edited on 6/5/24 at 3:27 pm
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