Oracle's move to Austin may spur further California influx

[Neil Narayan]

On December 11, Oracle, the world's largest data base company, announced it was moving its headquarters from Silicon Valley to Austin. The announcement, coupled with major expansions underway by Apple, Facebook, Tesla, and others, is a feather in the cap of local business boosters. 

Whether you’re a champion or a critic of the Oracle relocation, the ongoing influx of companies and executives from California shows no signs of letting up. In fact, some observers speculate that Facebook could follow Oracle in shifting its headquarters from the high-cost San Francisco Bay Area to lower-cost Austin. On December 4, the Austin Business Journal reported that Facebook is hunting for 1 million square feet of offices in addition to the space it already leases here.

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