Here are some great articles highlighting the continued trend of corporations relocating to Texas and the Austin area:
Today, Ray Perryman reports that Texas again wins of Site Selection Magazine’s “Governor’s Cup” competition: Another Win for Texas – This award goes to the state with the most major corporate location and expansion projects in a year. The 2017 win is the sixth in a row for Texas. Lone Star State also won in 2004, 2005, and 2010 (and was a close second in several of the years between). Last year, Texas had 594 projects with a capital investment of at least $1 million, 20 or more new jobs, or 20,000 square feet of new construction. Texas has resources corporations need: a large and growing population, oil and gas, a coastline favorable to shipping, abundant land, a relatively moderate climate, and a central location, among others.
Greater Austin Chamber of Commerce reports on Relocations and Expansions: 2016-2017 RELOCATIONS & EXPANSIONS LOG – note the large number of Headquarters that are expanding.
Other tech companies moving to Austin: Texas takeover: Why 5 tech companies relocated their headquarters to Austin – Great article which highlights the many reasons why companies want to relocate to Austin.
San Francisco article: Tech pipeline to Texas: Tax money, people flow out of Bay Area – which highlights the struggles of keeping companies in the bay area vs. moving to Austin for the labor they need to grow and expand. This is a 2016 article but highlights the ongoing trend of companies moving from other states, particularly California, to Austin.
Links to articles: