A growing list of public officials in high-tax states are expressing alarm that big earners are bolting to low-tax states as new data suggests some home buyers are moving in response to the year-old change in the federal tax law. New York Gov. Andrew Cuomo became the latest on Monday when he blamed a $2.3 […]
Where are people thinking of moving to and from? An analysis of searches on real estate sites is the easiest way to find out. So that’s what Redfin did. The company recently examined searches of homes for sale by more than a million Redfin users in 90 metropolitan areas between July and September of 2018, […]
New York again lost the most domestic migrants, at 180,000, down from last year’s peak for the decade of 193,000. California’s net domestic out-migration continued to intensify, with a loss of 156,000, which has steadily risen from 41,000 in 2011. Illinois, where the housing is considerably more affordable than California, but lacks the economy of […]
Apple Inc. said it plans to invest $1 billion building a new corporate campus in Austin, Texas, promising to create as many as 15,000 jobs, as it and a handful of other tech giants expand their footprint well beyond the West Coast. The Cupertino, Calif.-based iPhone maker said it would also establish new offices in […]
The recommendation comes in a massive new study about companies departing California for business-friendly states. It estimates that 1,800 relocation or “disinvestment events” occurred in 2016 (the most recent year available), setting a record yearly high going back to 2008 – and that about 13,000 companies left the state during that nine-year period. . . […]
California could be on the brink of one of its biggest corporate defections yet with the signs that McKesson Corp. – the pharmaceutical giant that is sixth on the Fortune 500 list – is preparing to move its headquarters from San Francisco to the Dallas area. Apple is the only California company that’s bigger than […]
McKesson Corp. appears to be setting the stage to quietly shift its corporate headquarters to Dallas, where it operates a division headquarters. … “McKesson is a multinational company with more than 75,000 employees in the U.S., Canada and Europe.
These companies moved or are about to move their headquarters out of the Bay Area.
A Fortune 500 company that distributes tobacco products and other items nationwide to convenience stores and other retailers is moving its headquarters from California to Dallas-Fort Worth. San Francisco-based Core-Mark Holding Co. plans to relocate to Westlake next year. One of Core-Mark’s biggest clients is Irving-based 7-Eleven Inc. . . . Core-Mark traces its roots […]
Another California company is moving its headquarters to the Dallas area. And this time, it’s one at the intersection of the technology and automotive industries. DealerSocket is relocating its home base to Irving from San Clemente, California, in Orange County, according to CEO Sejal Pietrzak. The software company, which helps auto dealerships manage customer relationships […]
Google is gearing up for an expansion of its New York City real estate that could add space for more than 12,000 new workers, an amount nearly double the search giant’s current staffing in the city, according to people familiar with the matter. The plan, which hasn’t been previously disclosed, would give Google room for […]
About 130,000 more residents left California for other states last year than came here from them, as high costs left many residents without a college degree looking for an exit, according to a Bee review of the latest census estimates. They most often went to cheaper, nearby states – and Texas. Since 2001, about 410,000 […]
Zacky Farms, a family-run company that rose to prominence as a leading turkey producer, has officially announced it’s closing plants in Fresno and Stockton. About 1,000 workers will be impacted, a company official said. The company posted a statement on its website, saying it struggled to remain profitable despite attempts to seek business and capital.
UTC Aerospace Systems plans to wind down manufacturing at its Chula Vista aircraft plant beginning early next year, eliminating around 300 jobs. The company — a division of Farmington, Conn.-based conglomerate United Technologies — said the decision stems from ending production of certain commercial aircraft models. The Chula Vista plant builds aerodynamic engine pods and […]
Tomorrow’s successful apparel companies will be those that take the lead to enhance the apparel value chain on two fronts: nearshoring and automation. Both must be addressed, and in a sustainable way. Apparel brands and retailers in Europe and the United States can no longer do business as usual and expect to thrive. Owing to […]