Wednesday, June 3, 2009

Point #36: Texas Economy

To obtain this point: One must understand and appreciate the economic powerhouse that is Texas.

Guess which state has the most Fortune 500 companies for 2009? California? New York (and Wall Street)? Nope! It is (as you probably have already guessed) TEXAS!
There are 64 current Fortune 500 companies within Texas, including 3 in the top ten (Exxon Mobil, ConocoPhillips, and AT&T). New York is a distant second place with 56 companies.

If Texas were to secede from the Union, it would be the 15th largest economy in the world. The economy of Texas is currently powered by a variety of industries- Agriculture, Aeronautics, Defense, Computer Technology, Energy, Tourism, Entertainment, and Health Care. It leads all US states in exports while being home to the 6th largest Port in the world (Houston) and the 3rd busiest airport in the world measured by traffic (DFW).

Enjoy Texas...and isn't 0% income tax nice?

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