Since 2020, more than 100 companies have relocated to Texas — with 40% from California. | via TexasStandard
40% of companies that have moved to Texas since 2020 have come from California, such as Tesla.
into what makes the Texas economy tick. She joined the Texas Standard to talk about what she found. Listen to the story above or read the transcript below.Texas Standard: Well, one of the things we all know about Texas is that it’s growing quickly. But this seems to have been the case for quite some time.
Yes, from 2020 to February of this year, we saw at least 139 firms move their headquarters to Texas. 40% of them are coming from California. We see a lot of high profile tech companies that people have heard of, like Elon Musk’s fleet of firms. But it’s not just a tech boom. We see McLaren, the luxury sports car company, and others relocate. People are moving and companies are moving.
Yes. A lot of people in Texas talk about California and talk about, you know, “don’t California, my Texas” which is a bumper sticker and t-shirt you can buy. But there’s also a question of whether or not California is a cautionary tale. California used to be the Texas of America. It was the place that people after World War II moved to for a lower cost of living than New York. It was where people came for opportunity and to reinvent themselves.
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