Texas outshines all other states, by far, in luring California headquarters relocations
By Bill Hethcock
It’s not even close.
Texas stands head and shoulders above all other states in the race to attract corporate headquarters exiting California, with Dallas-Fort Worth and Austin topping the list of destinations within the Lone Star State.
That’s according to a new recent analysis shared exclusively with the Dallas Business Journal.
California lost 44 headquarters to other states between Jan. 1 and June 23 of this year, and 21 of those companies went to Texas, according to business relocation expert Joe Vranich, president of McKinney-based site-selection consulting firm Spectrum Location Services, which tracks corporate headquarters moves.
That’s 47.7 percent to Texas so far this year, and 52.3 percent shared between the other 48 states.
Taking a longer timeframe, since Jan. 1, 2018, 101 companies have moved their headquarters to Texas from the Golden State. The next winningest destination in that time period was Tennessee with 21 relocations from California, followed by Arizona with 17, and Colorado with 14, Vranich and Spectrum’s numbers show.
To see which companies are moving to North Texas, click here.
To see why companies are coming to North Texas, click here.
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Much has been written about Elon Musk—eccentric billionaire, CEO of some of the most innovative companies in the world and… future owner of Twitte...
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TLR's objective is to restore litigation to its traditional and appropriate role in our society. A lawsuit takes a heavy emotional and financial toll ...
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