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The first Jewish man in the city was from Louisiana, others migrated from the South, and were joined by immigrants.They worked as merchants and in a variety of jobs in the growing city and ranching area. Oil was discovered at nearby Spindletop on 10 January 1901.Beaumont was a small center for cattle raisers and farmers in its early years.With an active riverport by the 1880s, it became an important lumber and rice-milling town. The Beaumont Rice Mill, founded in 1892 by Joseph Eloi Broussard, was the first commercially successful rice mill in Texas.
Over the years, several corporations have been based in this city, including Gulf States Utilities which had its headquarters in Beaumont until its takeover by Entergy Corporation in 1993.In 1892, Joseph Eloi Broussard opened the first commercially successful rice mill in the state, stimulating development of rice farming in the area; he also started an irrigation company (since 1933 established as the Lower Neches Valley Authority) to support rice culture.