Since 2020, Texas has emerged as a prime destination for major corporate relocations, with 200 companies, including Tesla and Yum! Brands, moving their headquarters to the state. Factors driving this trend include a more favorable regulatory environment, lower operational costs, and a high quality of life. Notably, the relocation surge was most pronounced in 2020 and 2021, particularly from high-cost states like California. In 2024 alone, companies like Chevron announced new headquarters in Texas, signifying continued interest in the region for corporate growth.
"Texas has become a hot spot for the corporate operations of major companies across the US, with 200 firms relocating their headquarters since 2020."
"Gov. Greg Abbott highlighted the reasonable regulatory environment and lower cost of living as major draws for companies relocating to Texas."
Collection
[
|
...
]