News Formal

California has most Fortune 500 companies than any other state in US

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

California Has Most Fortune 500 Companies Than Any News

Over Texas And New York,14912475

Of the 57 companies statewide, 44 of them are based in the Bay Area - with the vast majority of them being tech-related.

, Fortune magazine announced that California was home to 57 of the nation's 500 largest companies. A higher number than every other state in the country.to brag about the state's lead over rivals Texas and Florida.Wunderman is the head of the Bay Area Council.One billion dollar artificial intelligence company, Replit, announced it was leaving San Francisco for the Bay Area Peninsula.

"Companies need to be here. The most powerful companies, the largest market cap companies are here," said Wunderman. "There was another release that San Franciscans have the highest level of educated employees in the country. And that's another piece where academia is so important," said Rodney Fong, of the San Francisco Chamber of Commerce.One of the biggest contributors to California's performance this year was the growth of artificial intelligence companies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 529. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California home to most Fortune 500 companies, beats out Texas and New YorkFor the first time in a decade, California is home to the most Fortune 500 companies in the U.S., with a majority of the firms on the state’s list headquartered here in the Bay Area.
Source: KTVU - 🏆 465. / 53 Read more »

The 2024 Fortune 500: These are Greater Cleveland’s largest companiesThe 2024 Fortune 500 list is out, and many Cleveland-area companies have made the cut. While Walmart is no. 1 nationally.
Source: clevelanddotcom - 🏆 301. / 63 Read more »