Why Companies Are Moving to Texas in 2024

🌟 Lone Star vs. Silicon Valley: Why Companies Are Moving to Texas in 2024

Thinking about relocating your business to Texas? You’re in good company. In recent years, the number of tech and Fortune 500 companies moving to Texas has surged—fueling a growing comparison between Texas and Silicon Valley for business leadership.

Texas has consistently ranked among the top states for business and offers several competitive advantages for employers. Below, we explore why CEOs, startups, and global corporations are choosing the Lone Star State.

🚚 Which Companies Are Relocating to Texas?

Even during the pandemic, more than 150 companies announced moves or expansions into Texas. Major examples include:

🏢 Oracle – Relocated HQ to Austin

🍏 Apple – Built its second-largest campus in Austin

🚘 Tesla – Moved HQ and opened a Gigafactory in Austin

💾 Hewlett Packard Enterprise – Moved to Houston

📦 Amazon – Established hubs in Houston

🏙️ AECOM and CBRE Group – Relocated to Dallas

🌱 Greentown Labs – Opened a climatetech incubator in Houston

🧠 Why Texas Appeals to CEOs

A recent CEO survey identified three key decision factors for corporate relocations:

🏛️ Tax policy

📜 Regulatory environment

🎓 Talent availability

💵 Tax Advantages

Texas is known for its pro-business tax structure, including:

❌ No personal income tax

🏦 Combined state and federal corporate tax rate of 21%

🧾 Franchise tax of only 0.375% for businesses with receipts between $1.18M and $10M

This structure lowers corporate overhead and appeals to finance teams and leadership planning long-term operational cost savings.

🏡 Lower Cost of Living and Real Estate

Cities like Austin, Dallas-Fort Worth, and Houston offer:

🏠 Affordable housing

💼 Lower business lease rates

🔌 Low utility and transport costs

🏗️ Streamlined permitting and licensing

Relocating employees from high-cost states find Texas appealing due to reduced living expenses. Businesses also benefit from central geography, reducing travel and shipping costs.

👨‍💻 Tech Talent and Workforce Growth

Texas is evolving beyond its oil and gas roots. Today’s economic growth is fueled by:

🎓 Major universities (e.g., UT Austin, Rice, Texas A&M)

🚀 An influx of tech workers leaving California

🧑‍💻 A growing pool of affordable, diverse talent

Labor costs are significantly lower than in the Bay Area, helping HR departments scale efficiently.

📈 Key Industries Fueling the Texas Boom

Texas is now the 9th largest economy in the world. Its top industries include:

⚡ Energy

🧱 Construction

🚚 Transportation

💻 Information Technology

🎉 Leisure and Hospitality

Texas also posted a 4.7% job growth following the pandemic—outpacing most other U.S. states.

🏢 Partner With CARS for Corporate Relocation

At CARS (Corporate America Relocation Services), we specialize in supporting businesses through every phase of corporate relocation.

Whether you’re moving your headquarters, expanding regionally, or relocating key teams, we offer:

🏘️ Corporate housing coordination

💸 Employee moving reimbursements

🚛 Van line and shipping logistics

🏡 Real estate assistance for buyers/sellers

💼 Lump sum relocation support

📋 Custom relocation policy consultation

With 16+ years of relocation experience, CARS is your go-to partner for minimizing downtime and ensuring business continuity during your Texas move.

📅 Contact us today to schedule a free consultation and discuss tailored relocation strategies for your team.

🔗 Resource Links:

🏢 Oracle – Relocated HQ to Austin

Oracle Moves Corporate Headquarters to Austin
https://www.builtinaustin.com/articles/oracle-moves-hq-austin-hiring

🍏 Apple – Built its second-largest campus in Austin

Apple Building Large Campus in Austin
https://www.cbsnews.com/texas/news/apple-building-2nd-largest-campus-in-austin/

🚘 Tesla – Moved HQ and opened a Gigafactory in Austin

Tesla Officially Moves Headquarters From Palo Alto to Austin, Texas
https://californiaglobe.com/fr/tesla-officially-moves-headquarters-from-palo-alto-to-austin-texas/

Tesla Officially Moves Its Headquarters to Texas
https://www.nbcdfw.com/news/local/texas-news/tesla-officially-moves-headquarters-from-california-to-texas/2829343/

💾 Hewlett Packard Enterprise – Moved to Houston

Hewlett Packard Enterprise to Move Headquarters to Texas
https://apnews.com/article/houston-california-greg-abbott-texas-1ce5ef41c6e20e84b5954de11fa3c8a7

Governor Abbott Announces Hewlett Packard Enterprise Global Headquarters Relocation to Texas
https://gov.texas.gov/news/post/governor-abbott-announces-hewlett-packard-enterprise-global-headquarters-relocation-to-texas

📦 Amazon – Established hubs in Houston

Amazon Officially Opens Tech Hub in Houston
https://www.commercialcafe.com/blog/amazon-officially-opens-tech-hub-houston/

Amazon to Open Delivery Station in Porter, Texas
https://www.houstonchronicle.com/news/houston-texas/trending/article/porter-amazon-delivery-station-19767711.php

🏙️ AECOM – Relocated to Dallas

AECOM to Relocate Its Global Headquarters to Dallas
https://aecom.com/press-releases/aecom-to-relocate-its-global-headquarters-to-dallas/

Infrastructure giant AECOM to relocate global headquarters to Dallas
https://www.wfaa.com/article/money/business/infrastructure-giant-aecom-will-relocate-global-headquarters-to-dallas/287-2efe8ef9-29a5-4eb4-9ef7-f0664123a0ce

🏙️ CBRE Group – Relocated to Dallas

Why CBRE Moved Its Global Headquarters to Dallas (YouTube)
https://www.youtube.com/watch?v=Yq2Xt8Uq6Os

Inside CBRE’s New Global Headquarters in Dallas
https://www.dallasnews.com/business/real-estate/2024/07/29/inside-cbres-new-global-headquarters-in-dallas/

🌱 Greentown Labs – Opened climatetech incubator in Houston

Greentown Labs Appoints Lawson Gow to Head of Its Houston Incubator
https://greentownlabs.com/greentown-labs-appoints-lawson-gow-to-head-of-its-houston-incubator/