Houston #2 in admired companiesFortune recently came out with their Most Admired Companies rankings, and Houston scored very well, with half of all Texas' 30 admired companies. Texas was the third highest state behind CA with 39 and NY with 36. The Texas rankings have an incredible concentration in Houston and DFW. Houston had 15 (inc. one in The Woodlands) to the Metroplex's 12 (only 5 of which are actually in the city of Dallas), with only 3 others in the rest of Texas. Actually, the web site list only shows two others (SBC/AT&T in San Antonio and Pilgrim's Pride in Pittsburgh, TX), because somehow they left Dell off the Texas list, even though it's #8 in their overall Top 20. I thought it was strange there wasn't a single admired company from Austin, and then I remembered Dell and realized they made a mistake.
In another bit of confusion, Southwest Airlines was ranked as the third highest company overall - and the highest airline - but hometown Continental came in first in the "Airline Industry" subcategory just ahead of SWA.
From what I can tell by browsing through their state lists, the city of Houston has the second most in the nation behind New York City.
The value? Well, other than just the city pride at having a lot of respected companies, you might also assume they're more attractive to talented employees, and help lure that talent to Houston. And it goes without saying that talent is certainly one of the most critical competitive advantages for a city in a global economy.