Corporate America is on the move, and these red states are cashing in
A wave of corporate relocations is reshaping the U.S. economy, and Texas is emerging as the clear winner.According to a report by CBRE, one of the nation’s largest commercial real...
By Fox News · Fox News
A wave of corporate relocations is reshaping the U.S. economy, and Texas is emerging as the clear winner. According to a report by CBRE, one of the nation’s largest commercial real estate brokerage firms, 561 companies have relocated their headquarters nationwide since 2018. The research shows many companies are reassessing tax climates, operating costs and growth prospects as they consider a move. That’s significant, because these moves are often driven by long-term financial and growth strategies, not just geography — giving business-friendly states a competitive edge. From Texas to Tennessee, those states are racking up new headquarters, while blue strongholds like California and New York are losing companies at a notable clip. DALLAS MAYOR PREDICTS ‘AVALANCHE’ OF NYC FINANCIAL FIRMS FLEEING NEW SOCIALIST POLICIES UNDER MAMDANI The Lone Star State clearly dominates the relocation map. Dallas-Fort Worth captured 100 headquarters moves between 2018 and 2024 — the most of any metro in the country — while Austin secured another 81 and Houston added 31. Combined, those three markets accounted for more relocations than most entire states, cementing Texas' outsized role in reshaping the corporate landscape. Meanwhile, California metros saw the steepest net losses, led by the San Francisco Bay Area with a net loss of 156 headquarters over the same period. THIS STATE ISN’T JUST GROWING — ITS ECONOMY IS GETTING RICHER PER RESIDENT As blue states debate regulation and tax policy, Texas business leaders say the state's approach is paying off. Megan Mauro, interim president and CEO of the Texas Association of Business, points to the state’s tax structure and lighter regulatory climate as key draws. "We have a light regulatory touch and no personal or corporate income tax," Mauro said, citing Texas' recent $25 billion surplus as evidence of what she calls a competitive tax environment. Her argument aligns with research from CBRE, which found that companies most often cite low…