Walls’ massive database reveals San Diego region lost a net 3,440 jobs to out-of-state business moves from 1989 to 2011, or about .25 percent of current estimated employment in the area. California as a whole lost a net 231,000 positions, which amounts to about 1.5 percent of the latest statewide employment projections.
Encore Semi Inc., a California-based semiconductor chip designer, has opened an Austin development office as part of a four-city national expansion.
Omnitracs, a fleet management services company, said Friday that it will relocate early next year, generating 450 jobs and investing $10 million in Dallas. It plans to keep offices in San Diego and Baltimore.
Tesla Motors Inc. is taking a closer look at California to build a giant electric-car battery factory after state lawmakers proposed new tax breaks and regulatory changes that could speed its construction and lower costs.
In a blow to San Diego’s economy, Active Network will relocate to Dallas thanks in part to an $8.6 million check from the Texas Government.
Texas Gov. Rick Perry announced Thursday that the Active Network, which specializes in cloud-based software, will open a headquarters in downtown Dallas, and create 1,000 jobs at an average salary of $72,000 per year. This is the second San Diego company owned by Vista Equity to be lured to Texas this year. In February, Perry authorized $4.5 million to Websense to move its headquarters to Austin.
Forty-six years after Mercedes-Benz planted roots in Southern California, the luxury automaker is establishing its next phase of growth in Long Beach.
The Culver City firm behind many YouTube stars will lay off about 10% of its 380 employees, a person close to the digital media company said on Monday.
A notable exception to the “right place” trend is California. Criticized by some as a hostile, high-cost environment for business, California has shown a remarkable knack for coming out ahead in the race for large companies. The Golden State’s strength, it would seem, is reinvention: lowering its profile in manufacturing and financial services and strengthening its footprint in technology. No fewer than 31 of the 51 California companies on the Fortune 500 in 1995 are absent from the 2014 list. Three large defense contractors moved to other states: Lockheed Martin to Maryland, Rockwell Automation to Wisconsin, and Northrop Grumman to Virginia. California also lost a host of prominent corporate residents to mergers — among them, Pacific Telesis to AT&T (Texas), PacifiCare to UnitedHealth Group (Minnesota), and BankAmerica to the renamed Bank of America (North Carolina).
San Francisco often comes up short when major companies decide where to locate their headquarters and it’s happened again: Union Bank’s parent is moving its headquarters to New York from San Francisco as it pursues its national banking ambitions.
Hewlett-Packard Co. will cut an additional 11,000 to 16,000 jobs as the company pursues its restructuring under CEO Meg Whitman. That brings the total planned cuts to almost 50,000, which would equal roughly 15 percent of its global workforce.
The defense contractor announced Thursday that over the next two years it will close its facility on Ruffin Road, which employs 530 people. The facility is the base for the company’s division that manufactures airline auxiliary power units.
Globo, a Greek company that makes enterprise mobility products, is reversing the normal migration pattern of Silicon Valley technology companies.
Futuris Automotive Inc., a supplier to Tesla Motors, just inked a deal with Prologis for 160,000 square feet of office and industrial space at 6601 Overlake Place in Newark.
Musk said the automaker is working through a number of issues with Gov. Jerry Brown’s staff but fears the company would not get the various environmental and other permits in time to get the factory built and running quickly . . . “We can’t afford to wait a year or more for permits to proceed,” Musk said. “If we don’t have the gigafactory online when we have the vehicle capacity online we would be in deep trouble.”
Governor Jerry Brown’s California comeback tour was rudely interrupted this week by news that Torrance-based Toyota is moving to Plano, Texas. The runaway car maker shines a headlight on how the South is overtaking California as a commercial and industrial power.
