What company is moving from california to texas?

Oracle While Oracle plans to maintain some of its operations in California, it announced plans to move its headquarters to Redwood City, California. Manufactures parts and assemblies for U.S. military aircraft. If Tesla moved from California to Texas, it would hardly be the first one recently, according to the Dallas Morning News.

In both cities, innovation is thriving, although one specific area, The Richardson Innovation Quarter (Richardson IQ), is receiving significant attention from some of the world's leading telecommunications and software companies. The Governor's Office of Economic Development and Tourism said in September that there has been a tremendous increase in the number of businesses communicating since the pandemic hit, with 237 relocation or expansion projects currently underway. Today, what was formerly known as the “Telecom Corridor” during the dot-com era is the basis for more than 600 technology companies. The IQ is home to numerous well-known companies, including Dell Technologies, Ericsson, Honeywell and more.

KYLE, Texas A California-based beverage company is the latest company to move its headquarters to central Texas. As the largest city north of Texas, Dallas is also the most central city in the country, allowing companies that ship across the United States to quickly meet customer expectations for fast shipping. As of November, 39 technology companies and other industries had moved to Austin so far this year, according to data from the Austin Chamber of Commerce. The president of Cuisine Solutions, Stanislas Vilgrain, told the San Antonio Business Journal at its grand opening that it plans to move its headquarters to San Antonio as well.

Oracle and Hewlett-Packard are among the Fortune 500 technology companies that have moved their respective headquarters out of California, with both opting for Texas. Maybe it's the more than 14 million people available in the civilian workforce or the 49 Fortune 500 companies in Texas, according to the Texas Economic Development Tourism Bureau %26.Real estate brokerage firm Fortune 500 CBRE moved the company's headquarters from Los Angeles to Dallas. Maybe they're following Californians, nearly 500,000 of them have moved to Texas since the start of the COVID-19 pandemic. Read the full Hoover Institution report for more reasons attributed to why companies are moving out of California.

From one of the oldest tech companies in the Bay Area to a brewing company returning to the Alamo City, big companies seem to like what Texas has to offer.