> Texas now has more financial services companies than New York - the home of Wall Street

AI Overview               
Texas has surpassed New York in financial services employment (excluding insurance and real estate). While Wall Street remains the global epicenter for capital, the Lone Star State now employs more financial services workers and has outpaced New York in industry job postings and corporate relocations

Employment Numbers: Texas officially overtook New York as the state with the most financial services employees. Recruiters posted 9% more financial jobs in Texas than in New York

Corporate Relocations: Between 2015 and 2024, Texas lured 314 corporate headquarters, with major institutions continuing to shift significant footprints southward.

Business Climate: The Tax Foundation’s State Tax Competitiveness Index ranked Texas No. 7, while New York placed last at No. 50