‘Tremendous increase’ in corporate relocations to Texas

[Neil Narayan]

‘Tremendous increase’ in corporate relocations, expansions to Texas since pandemic hit

Gov.'s office: Phone calls rolling in from companies shuttering on coasts. 

Despite some companies pausing projects due to the pandemic and the resulting economic meltdown, Texas has more potential corporate relocations and expansions in the pipeline than before Covid-19 hit, a top state economic development official said in a summit on Sept. 24.

Adriana Cruz, executive director of Economic Development and Tourism for Gov. Greg Abbott’s office, said the office has 196 active relocation or expansion projects in its pipeline right now.

https://www.bizjournals.com/au...

[Jon Schwartz]

Originally posted by @Steve Morris:

"Please this is all right-wing propaganda put up by pro-Trumpers with no basis in fact"

- Gavin Newsome

Poor Gavin, he doesn't realize the top 1% pay a disproportionate amount of taxes in Cali.  

Meaning it doesn't take too many 1%ers leaving to shoot a king-size hole in your budget which means passing even more taxes on those stuck in Cali. 

The top 1% of earners in California would be 395,100 people. California's net out migration rate is currently about 0.5%. That means 1,976 1%-ers left last year. I wonder how meaningful or insignificant the impact actually is.