You may find the state of Texas in the central southern part of the United States. Due in large part to the expansion of its mining, quarrying, and oil and gas extraction industries, the region’s gross state product for the second quarter of 2018 amounted to $1.755 trillion, or 8.6 percent of the GDP of the country. Strong growth, employment, and income, as well as a key target for corporate relocations over the past six years, helped propel the state to the number three spot in Forbes’ 2018 ranking of the Best States for Business. Top and private companies in Texas will also be discussed in this article, together with companies that were founded in Texas as well.
Companies Founded In Texas
There’s no denying that Texas has a one-of-a-kind company culture. Successful companies number among the dozens that have been founded in Texas. To the tune of billions, in fact, for some of them. Here is a comprehensive list of five companies founded in Texas, which you can use as a resource whether you’re thinking of starting your own company or are simply interested in learning more about the state’s entrepreneurial endeavors.
#1. Gig Wage
Gig Wage is a payroll and financial technology company that serves the needs of independent contractors and gig workers.
Specifics of the New Business:
- Time of Inception: 2014
- Inventors: Jamal Craig Lewis
- Industries: Employer-provided benefits, banking, financial technology, human resources, payments, and software as a service (SaaS)
- Number of employees: 11-50
- The total amount of funding: $13,220,000
- Rounds of funding: 6
- Number of investors: 11
#2. Wheel
Wheel, a healthcare technology company, connects the healthcare industry’s physicians with the necessary technological infrastructure to facilitate virtual treatment and telehealth. In addition, it is one of the companies founded in Texas.
The Startup’s Specifics:
- Established in: 2018
- Griffin Mulcahey, Michelle Davey, and Phillip Johnson are the company’s founders
- Industries: The Healthcare, Human Resources, IT, Medical, and Recruiting Sectors
- Number of employees: 101-250
- Funding amount: $65,600,000
- A total of 4 funding rounds have been completed
- Currently, there are 6 investors.
#3. SparkCognition
SparkCognition is a startup that has set itself to creating AI software for enterprise applications.
Specifics of the New Venture:
- Kick – started in 2013
- Anwar Husain Amir and his brother, the founders
- Industries: Data Science, Machine Learning, Cybersecurity, and Software Development
- Employee Count: Between 101 and 250
- Funding amount: $163,581,73
- There have been seven financing rounds.
- There are a total of 26 investors for this project.
#4. Firefly Aerospace
The launch vehicles, spacecraft, and in-space services available by Firefly Aerospace are known for their dependability and cost-effectiveness, making them ideal for use with small payloads.
Specifics of the New Venture:
- The Year It Began: 2014
- Eric Salwan, Maureen Gannon, Max Polyakov, Michael Blum, PJ King, and Thomas Markusic are among the company’s founders.
- Industries: Aerospace, Aviation, Satellite Communication, and Space Tourism
- Salary range: $251-$500
- Dollar amount of funding: $196,557,023
- 6 financing cycles have been completed.
- 10 investors total.
#5. Workrise
Workrise is an on-demand services and professional workforce marketplace for the energy sector.
Specifics of the New Venture:
- The Year It Began: 2014
- Michael Witte, Sandeep Jain, and Xuan Yong founded companies in the energy
- Industries: human resources, marketplace, and online portals industries, respectively.
- Employee tally: between 500 and 1000
- Total funding: $752,499,542
- Eight separate funding rounds have been completed.
- Twenty-two investors in total.
What Industry Is Texas Known For?
Many different types of manufacturing take place in this state, from computers and electronics to automobiles and auto components to the production of food and drink. Additionally, Texas is no new to luring enormous, high-tech factories, and is increasingly renowned as the manufacturing hub of the nation.
Top Companies In Texas
Most of the world’s top companies have decided that Texas is where they should establish their headquarters. When it comes to economic growth, Texas is often recognized as a global powerhouse. As of this writing, 53 Texas-based companies may be found in the Fortune 500. Furthermore, established giants like Toyota put their North American headquarters in the state after an extensive site search, and startups like Dell developed out of student dorms to become worldwide innovators. In addition, companies looking to expand to the next level often locate in Texas, regardless of their size or field. Here are the top 5 companies in Texas.
#1. McKesson
McKesson Company is a worldwide pharmaceutical distributor and wholesaler that also offers pharmacy management and other services. In addition, the top pharma distributor in the United States will be the primary distributor of COVID-19 vaccinations beginning in 2020.
- Location of Main Offices: Texas
- The Market Cap Is $31 Billion
- Workforce size: 70,000
#2. AT&T
AT&T is the largest telecommunications firm in the world, offering products and services to businesses (including cloud computing, cybersecurity, and the Internet of Things) and consumers (including cell phones, television, and internet) (e.g., TV service, internet, wireless data plans).
- Headquarters: Dallas, Texas
- Market Value: $215.9 Billion
- Employees: 230,760
#3. Sysco
Sysco Company is in the business of providing restaurants, hospitals, schools, and hotels with food and related supplies through retail, marketing, and distribution. In addition, The company also provides tools and supplies to the hospitality and food service sectors.
I thought you would find this interesting: Sysco manages the dining facilities at Concordia University Texas.
- Houston, Texas is the home of the company’s headquarters.
- Value on the stock market: $40.2 billion
- Workers: 57,000
#4. USAA
USAA provides insurance, banking, and financial services to millions of service members and their families. US Air Force Mutual Aid (USAA) is the only non-publicly held corporation I am aware of in this area. Additionally, the 268-acre San Antonio corporate complex is one of the largest single-occupancy buildings in the United States.
- San Antonio, Texas is its home base.
- There is no market value
- 35,935 people are employed.
#5. Enterprise Products Partners
Enterprise Products Partners L.P. is a major player in the North American midstream oil and gas industry. Transportation, storage, and wholesale distribution of petroleum products make up the “midstream” segment of the oil and gas business. In addition, The company caters to both the supply side and demand side of the oil, gas, petrochemical, and refined product industries.
- The headquarters are in Houston.
- Worth $48 Billion on the Market
- Total Employees: 7,130
Private Companies In Texas
Forbes’ annual list of America’s Largest Private Companies has H-E-B, headquartered in San Antonio, as the largest private company in Texas for 2018.
Twenty-two Texas corporations and five Houston-based enterprises made the yearly list of the top 225 U.S. businesses, which ranked organizations based on sales exceeding $2 billion. Businesses that employ more than 100 people and submit federal income tax returns qualify. Furthermore, The 2016 Forbes ranking of the largest privately owned corporations in the United States includes seven companies based in North Texas.
When it comes to private companies in Texas, computer manufacturer Dell ranks fourth in terms of annual revenue. Additionally, revenue for the Round Rock, Texas-based tech hardware maker was $54.9 billion. NTT Data, a multinational IT services provider, has purchased Dell’s former IT services branch in Plano. So, these are the top private companies in Texas.
#1. Dell
Dell sells, fixes, and maintains computers and related products. However, PCs, servers, storage devices, network switches, software, computer peripherals, HDTVs, cameras, and printers are sold by Dell. The supply chain and e-commerce are well run. This covers Dell’s direct PC sales. Prior to 2009, Dell solely sold hardware. Dell’s IT services The company has added storage and networking solutions to serve enterprise clients.
#2. Mary kay
Multi-level marketing giant Mary Kay Inc. is one of the American private limited companies in Texas. Mary Kay, with a 2018 wholesale volume of US$3.25 billion, is the sixth-largest network marketing company in the world. The headquarters for Mary Kay is located in Addison, Texas. Mary Kay Ash started the business in 1963. Ash Rogers’ son Richard serves as chairman, while David Holl, who had been serving as president before being promoted to CEO in 2006, now holds that position.
#3. H-E-B
H-E-B Grocery Company, LP is a privately held grocery chain with more than 340 shops in Texas and northeast Mexico. Central Market is a high-end organic and fine food supermarket. Furthermore,the company’s 2019 revenue tops $31.2 billion. H-E-B is No. 9 on Forbes’ list of “America’s Largest Private Companies in Texas.” H-E-B was named the 2010 Progressive Grocer Retailer of the Year. It ranks 13th among the “Top 75 North American Food Retailers” by sales. In addition, it is the 19th largest retailer in the US. It donates 5% of pre-tax profits. H-E-mascot B’s is H-E-Buddy, a brown grocery bag with groceries coming out of the top.
#4. BMC Software
Enterprise software and IT services provider BMC Software, Inc. is a Houston, Texas-based American multinational corporation. Houston, Texas, is home to its international headquarters. However, for the eighth year in a row, BMC’s BMC Helix ITSM solution has been placed as a Leader in Gartner’s Magic Quadrant for IT Service Management Tools.
#5. EquaTerra
Beginning on February 18th, 2011, KPMG owned EquaTerra. EquaTerra, a member company of the KPMG network, maintains its global sourcing advice services in the areas of information technology (IT), finance and accounting (F&A), human resources (HR), and supply chain management. Also, read Minimum Wage in Texas: What is the Minimum Wage in Texas 2023
What Is the Biggest Company in Texas?
Foxconn provides shipping information and arranges cargo transfers. Freight forwarders are also part of this profession. They convey items from shippers to receivers for a fee that covers the full trip.
Foxconn Assembly LLC, Houston, TX pays $52,826 annually. Danfoss, Canberra, and Victor Technologies pay $58,334, $57,142, and $56,840, respectively. In addition, it is also the biggest company in Texas.
In addition, Foxconn Assembly LLC, Houston TX, has 750 people and $210M in revenue.
What Big Companies’ Headquarters Are in Texas?
- McKesson. Headquarters: Texas.
- ExxonMobil. Headquarters: Irving, Texas.
- AT&T. Headquarters: Dallas, Texas
- Dell Technologies. Headquarters: Round Rock, Texas.
What Companies Are in Austin, TX?
- AMD.
- Apple.
- Bazaarvoice.
- Charles Schwab.
- Cirrus Logic.
What Is the Best Company to Work for in Texas?
Here are some of the Best Companies to work for In Texas;
- Exxon Mobil
- RadioShack
- Baker Botts
- Occidental Petroleum
- RadioShack
- ConocoPhillips
- Bracewell
- Cheniere Energy
- Southwestern Energy
Is It a Good Idea to Relocate to Texas?
Living in Texas, with its pleasant climate and low overall tax burden, is a fantastic plan. Texas is a popular destination for people of all ages, including young professionals, families, and retirees. The state is home to a large number of cities that offer a wide variety of employment opportunities. Living in Texas is slightly more affordable than living in Florida, and the temperature is comparable to that of the sunshine state.
What Kind of Wages Does Walmart Offer in the State of Texas?
The hourly rate of pay for a cashier or sales associate at Walmart in the state of Texas is approximately $12.10, which is equal to the national average. The salary information was derived from 226 data points that were collected directly from employees, users, and both past and present job advertisements on Indeed over the course of the previous 36 months.
What Is the Fastest Growing Industry in Texas?
The modern economy of Texas is predominately supported by industries such as information technology, aerospace, defense, biomedical research, fuel processing, electric power, agriculture, and manufacturing. Other important industries include aerospace, defense, and aerospace.
What Salary Do You Need to Live in Dallas?
What Kind of Income Do I Need to Have in Order to Succeed in Dallas? In Dallas, the recommended annual household income for a one-bedroom apartment is approximately $48,040, which is equivalent to an hourly wage of $24.02. On the other hand, it is estimated that the median income for a household in Dallas is $58,231.
Is Apple Really moving to Texas?
At its Parmer Lane campus in Austin, Apple has submitted plans to construct a building core and shell that will be five stories tall and 215,500 square feet in size. According to documents submitted to the Texas Department of Licensing and Regulation, construction is scheduled to begin in September and continue through March 2025 at the earliest.
Conclusion
Texas is home to a wide variety of high-tech sectors, each with its own set of advantages thanks to the state’s history and current development of specialized infrastructure and in-depth understanding of a given field. Furthermore, the vast array of business opportunities and companies in Texas is a boon to the state’s hardworking citizens.
Top Companies in Texas FAQs
What is the largest privately owned company?
As of 2021, Cargill had more annual income than any other private firm in the United States. In that year, their sales were $134,4 billion.
How many Fortune 500 companies are there in Austin?
In AUSTIN — Officials from Texas’s leading state said on Tuesday that the state now hosts more Fortune 500 companies than either New York or California. However, Texas now boasts more corporate headquarters of Fortune 500 companies than New York (51) and California (50).
Which city has the most headquarters?
When it comes to the headquarters of major companies, Tokyo is clearly in the lead.
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