Since 2020, more than 100 companies have relocated to Texas. A whopping 40 percent of them are fleeing California. And of the ten Fortune 500 companies that have moved to Texas in the last six years, eight of them are from our rival in the West. These California transplants are some of the nearly 330 corporate headquarters that Texas has attracted since Governor Abbott became governor.
This is no accident.
Unlike California, Texas does not stifle innovation at every step. Instead of tying companies’ hands with red tape and miring them in years-long environmental impact reviews, Texas does what it does best – common-sense growth on a common-sense timeline.
When you look at the list of companies coming to Texas, the industry sectors are all over the map, from financial services to tech to oil and gas. Charles Schwab, Tesla, Public Storage, HP, X (formerly Twitter), Chevron, and John Paul Mitchell all made the switch to the Lone Star State since 2020.
These corporations realized what all Texas business owners large and small already know – Texas actually wants you to succeed. No personal or corporate income taxes, easy business filing processes, and incentive-backed grants empower wearied companies to make the cross-country move with no regret. In addition, our new business courts settle legal disputes reasonably and quickly, boosting the predictability that companies value.
In Texas, we have room to grow, with plenty of land, strategic port access, and more airports than any other state. Our infrastructure is perfectly poised to support not only companies that are just starting out but also the more established players. With 23 seaports, 35 foreign trade zones, and the most road miles and railways in the nation, Texas is ready to move your goods across the world. We also have the power to get you there – we’re #1 in the U.S. for energy and electricity production.
Importantly, we also have a young, smart, and growing workforce. Thanks to our 16 Tier One universities and Governor Abbott’s continued support of career training for students, our workforce is prepared to fulfill the duties that companies need. Texas is especially proud of our burgeoning workforce in the skilled trades, but we also boast top-notch graduates in business, cybersecurity, biomedical technology, engineering, and more.
Texas is where the future of global business and trade is being built. In 2025, the state was recognized by Site Selection Magazine as the best state for doing business, ranking first in the nation by attracting more than 1,400 business locations and expansion projects. In contrast, the Golden State has tarnished. That’s why companies are moving to the Black Gold State – Texas.