Posts Tagged ‘Texas’
Fix Wisconsin with Economics? Texas Tops New York for Most Fortune 500 Companies
Written by Brandon Henak on May 8, 2008 – 6:32 am -Welcome, if you're new here, you may want to subscribe to our RSS feed or subscribe to our email newsletter. Thanks for visiting!
So many of my liberal colleagues like to point to our states “image” or green ranking when they are talking about big businesses leaving Wisconsin. They seem to think if we just spend tons of state money on light rail, green energy, emissions control and socialized un-”Healthy Wisconsin” healthcare we will somehow attract more talent and more businesses.
As it turns out, it’s a question of simple economics that becomes more and more evident as time passes:
“The Lone Star State passed New York as home to the most big companies in the latest list compiled by Fortune magazine.
Texas now boasts 58 headquarters, three more than New York, the previous No. 1, and California, with 52.
Business experts say it’s a matter of simple economics – Texas attracts companies with its low taxes, affordable land and large labor force.
“Cost is overwhelmingly the No. 1 driver,” said Albert W. Niemi Jr., dean of the business school at Southern Methodist University, who wrote his doctoral thesis about companies leaving the Northeast for the Sun Belt 30 years ago.”
And to preempt those who will say “oh, it’s just oil companies”:
“Other Texas companies on the magazine’s list include technology, such as Dell Inc., three of the nation’s biggest airlines, two of the biggest homebuilders, an insurer, a hospital company and the largest garbage hauler around.”
Hmm, I seem to remember some CEOs in Milwaukee blatantly stating this point:
“They said Milwaukee’s taxes are too high, and the region doesn’t know how to market itself, suffers from a lack of leadership, has wasteful government spending and doesn’t provide enough tax incentives to attract and keep businesses and create jobs.
And when they were done criticizing the region as a terrible place to do business, they piled on and did it again. And again.”
Tags: Business, Taxes, Texas, Wisconsin
Posted in Beyond the Facade, US News and Liberal Debacles | 5 Comments »











