Last year, Texas tied with California as the states home to the most Fortune 500 companies -- the Lone Star state boasts 57 company headquarters ranging from RadioShack to Continental Airlines. And it's not surprising -- Texas is one of just a few states in the nation that has no corporate income tax.
Though the Dallas Fort-Worth and Houston areas are much larger, Austin has its own draws, including a lower-than-average cost of living when compared to all cities nationwide. In addition to being home to large companies like Dell and Whole Foods Market, the Austin area is notable for its genius in nurturing the "power of small," according to Kiplinger's, which named it the best city for small businesses in 2010. And Business Journals named Austin the number one city for small business vitality for two years in a row.
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