11/18/2018

News

Will the Bay Area quietly lose another Fortune 500 headquarters to Texas?

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.

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Bay Area exodus: Companies leaving the region

These companies moved or are about to move their headquarters out of the Bay Area.

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California-based Fortune 500 company is bringing its HQ to Tarrant County

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 […]

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California company moving HQ to Las Colinas amid growth, hiring surge

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 […]

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Google Plans Large New York City Expansion

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 […]

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More people left California in 2017 than moved here. Who they are and where they went

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 […]

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Zacky Farms to close Fresno and Stockton plants; hundreds of workers to lose jobs

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.

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UTC Aerospace to end aircraft systems manufacturing in Chula Vista, cutting 300 jobs

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 […]

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Is apparel manufacturing coming home?

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 […]

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Bay Area exodus: Here are the companies that have moved headquarters or opened offices out of California

Every week brings news of yet another Bay Area company that plans to move its headquarters out of the region — essentially saying enough is enough. Enough with drug-users shooting up across from Twitter’s San Francisco headquarters. Enough with walking by someone defecating in the street in the city’s Financial District, enough with avoiding confrontations […]

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California manufacturer to move HQ, 40 jobs to Central Texas

AEND Industries Inc. plans to move its HQ from Huntington Beach, Calif., to Hutto in 2019. The company manufactures wheels for skateboards, long boards, scooters, wheelchairs, derby cars and other vehicles. It wants to build a 19,200-square-foot facility at North Town Commons Business Park, near the intersection of FM 1660 North and Limmer Loop. AEND […]

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Why startups are leaving Silicon Valley

First, the evidence that something is changing. Last year more Americans left the county of San Francisco than arrived. According to a recent survey, 46% of respondents say they plan to leave the Bay Area in the next few years, up from 34% in 2016. So many startups are branching out into new places that […]

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Silicon Valley is changing, and its lead over other tech hubs narrowing

When Ajay Royan of Mithril Capital, an investment fund, asks rhetorically “How are you supposed to have a startup in a garage if the garage costs millions of dollars?”, he is barely exaggerating the problem. The immense success of its tech industry means that the San Francisco Bay Area in which Silicon Valley sits has […]

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Is California facing a tax exodus? Thanks to Trump’s tax law, more may start to flee

Even one of the most iconic figures of Bay Area business, Charles Schwab founder and Chairman Chuck Schwab, sees more people leaving California as a result of the tax changes, and not just at the upper end of the income scale. “A lot of companies will be moving their people out of here, unless something […]

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Fewer Americans Uproot Themselves for a New Job

Fewer U.S. workers are moving around the country to seek new job opportunities, as changing family ties and more openings near home make people less willing to uproot their lives for work. About 3.5 million people relocated for a new job last year, according to U.S. census data, a 10% drop from 3.8 million in […]

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