Texas Focus: The Most Fortune 500 Companies, New Medical School Near Palestine

Texas Focus: The Most Fortune 500 Companies, New Medical School Near Palestine Main Photo

1 Feb 2023

News, Client Feature Article

This article originally appeared on and was written for Palestine Economic Development by Golden Shovel Agency.

Big things are happening in Palestine, Texas. Not only is it a prime spot for business relocation and expansion, but a new medical school is also opening, in Tyler, TX, to help meet the demands of the healthcare industry.

Texas: Most Fortune 500 Companies

It’s no surprise that Texas, which has some of the most business-friendly policies in the U.S., is taking additional market share of corporate headquarters away from other states. Texas now leads the nation in the number of Fortune 500 companies headquartered in the state, reported Forbes. In 2021 alone, 62 corporations relocated to the Lone Star State, 25 of those relocations were from California.

Texas has a low cost of living compared to other states and famously does not levy an income tax on individuals or businesses. Corporate rents are relatively low, and the regulatory environment is decidedly business-friendly. At the same time, Texas offers a highly educated workforce, having a fair share of world-class Tier One universities such as the University of Texas at Austin, Texas A&M, Rice, Texas Tech, Baylor, and more.

Palestine is the best of Texas. Palestine has superior transportation and logistics assets, with its location at the intersection of five major highways. It boasts rail access through the Union Pacific Railroad and three ports are within hours of the city. Palestine has affordable sites that cost less than most properties in nearby Austin, Dallas, and Houston, and the Palestine Economic Development Corporation works with businesses to find solutions and identify incentives to optimize cost-effectiveness for projects.

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Thought Leadership - Ellen Williams, Golden Shovel Agency

Ellen Williams
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Ellen Williams is a Lead Copywriter for Golden Shovel Agency. Her unique skill sets expand from the foundation of science, academia, writing/editing, and project management. She is adept at breaking down articles and information precisely and clearly to educate general and professional audiences alike. Uniquely, while she is not practicing as a doctor, she has an M.D. and a strong laboratory science background.