5 states host nearly half of America’s largest private companies

November 22, 2023 02:15 AM PST | By Invezz

Google News:

5 states host nearly half of America’s largest private companies — Image source: Invezz

Recent News

DoubleVerify Sees Update in Digital Ad Tech Sector Russell 1000

Pagaya Technologies PGY Gains Support Nasdaq Index Stocks Watch

Oceaneering International OII Sees Institutional Growth on NYSE Compos...

GAMMA Expands Stake in Valvoline Inc Amid Market Movements S&P 500

In 2023, America’s corporate power is notably concentrated, as almost half of the largest private companies are situated in only five states.

The data presented by Invezz.com highlights a distinct hierarchy, emphasizing the commanding influence of California, New York, Illinois, Texas, and Florida within the private business landscape.

California leads the pack with 29 companies contributing $123.86 billion in revenue and employing 247,408 individuals. Following closely, New York, with 22 companies, records a total revenue of $144.76 billion and a workforce of 303,002.

Illinois, Texas, and Florida round out the top five, showcasing substantial economic activity and employment generation.

California:

Number of Companies: 29
Total Revenue: $123.86 billion
Number of Employees: 247,408

New York:

Number of Companies: 22
Total Revenue: $144.76 billion
Number of Employees: 303,002

Illinois:

Number of Companies: 20
Total Revenue: $170.66 billion
Number of Employees: 327,300

Texas:

Number of Companies: 20
Total Revenue: $153.51 billion
Number of Employees: 362,720

Florida:

Number of Companies: 15
Total Revenue: $148.94 billion
Number of Employees: 430,137

This concentration of corporate power in select states underscores the regionalization of economic influence, emphasizing the pivotal role these states play in shaping the landscape of America’s private business sector. As these economic powerhouses continue to thrive, the impact on national economic dynamics remains evident, with these five states collectively steering the trajectory of America’s largest private enterprises.

The post 5 states host nearly half of America's largest private companies appeared first on Invezz

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.