Why so many corporate headquarters leave California for Texas?

[Neil Narayan]

When companies move their headquarters out of California, they choose Texas way more than they choose any other state. Since Jan. 1, 2018, some 107 companies have moved their headquarters to Texas from the Golden State, according to Vranich, president of McKinney-based site-selection consulting firm Spectrum Location Services. The next winningest destination in that time period was Tennessee with 22 relocations from California. Put another way, Texas lured five times more California headquarters than its next closest competitor.

Within Texas, Austin and Dallas-Fort Worth are dominating. Why are so many California companies choosing Austin and DFW when they move to Texas?

Austin has successfully portrayed itself as Silicon Hills. So if you're into the whole Silicon Valley ecosystem, as they like to call it, and you want to have that familiarity about you, you go to Austin. If you want to find software writers and people who know how to promote a digitally oriented company, you go to Austin.

https://www.bizjournals.com/au...