(FORTUNE Magazine) - Move over, California; bye-bye, New York. For the first time, Texas has more FORTUNE 500 companies than any other state. The place has earned its spurs.

Headquarters by State

1 Texas 56

2 New York 55

3 California 52

4 Illinois 32

5 Ohio 28

6 Pennsylvania 26

7 New Jersey 22

8 Michigan 21

9 Minnesota 19

10 Virginia 18

11 Georgia 17

12 Florida 14

13 North Carolina 14

14 Connecticut 13

15 Colorado 10

16 Missouri 10

17 Wisconsin 10

18 Massachusetts 9

19 Washington 9

20 Tennessee 7

21 Kentucky 6

22 Oklahoma 6

23 Arkansas 5

24 Indiana 5

25 Maryland 5

26 Nebraska 5

27 Arizona 4

28 Alabama 2

29 District of Columbia 2

30 Idaho 2

31 Iowa 2

32 Louisiana 2

33 Nevada 2

34 Rhode Island 2

35 Utah 2

36 Delaware 1

37 Kansas 1

38 Maine 1

39 New Hampshire 1

40 Oregon 1

41 South Carolina 1

By City

(Five or more headquarters)

1 New York 44

2 Houston 23

3 Atlanta 14

4 Dallas 11

5 Chicago 10

6 Charlotte 7

7 Cincinnati 7

8 Minneapolis 7

9 Philadelphia 7

10 Richmond 7

11 St. Louis 7

12 Milwaukee 6

13 Pittsburgh 6

14 San Francisco 6

15 Cleveland 5

16 Columbus 5

17 Denver 5

18 Omaha 5

19 San Antonio 5

20 Seattle 5