The rise of the U.S. to economic greatness is an extraordinary story. But it is a story with a sting in the tail. Productivity growth in the U.S. has all but stalled in recent years. The number of new companies being created has reached a modern low. Geographical mobility has been in decline for three […]
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 […]
For the past year, Tesla watchers have obsessed over the Palo Alto automaker’s struggles to build its Model 3 electric sedan and CEO Elon Musk’s erratic behavior — most recently appearing to smoke pot on a podcast. Quietly, another element of Tesla’s business has been booming. Deployment of Tesla’s stationary batteries — designed to supply […]
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 […]
The North Face is packing up all that gear and moving its headquarters, along with hundreds of jobs, out of the Bay Area. The outdoor activewear and gear maker’s parent company, VF Corp., announced this week that it is splitting its outdoors and denim businesses into two publicly traded companies. The outdoors operation in Alameda […]
Five years ago, SolarCity ruled the rooftops. No other company in the fast-growing solar industry installed nearly as many panels on American homes. The pace of installation was accelerating quarter after quarter, leaving such rivals as Sunrun and Vivint far behind. Then electric auto manufacturer Tesla bought the company. Now, what once was SolarCity appears […]
Given Elon Musk’s dubious track record for hitting his goals, it may be a roll of the dice whether the Tesla CEO delivers a profit later this year. Fittingly, his success will depend partly on money from Nevada casinos. Since 2015, Tesla has boosted its bottom line by selling tax credits to casinos such as […]
Los Angeles has missed the final cut for a U.S. Army procurement center headquarters, according to a media report. Military.com reported on June 19 that Army Col. Patrick Seiber, spokesman for the U.S. Army Futures Command Task Force, confirmed to that publication that five cities were still under consideration for the procurement headquarters: Austin, Texas; […]
Who is the world’s largest operator of wind and solar farms? It’s also America’s most valuable power company. Still stumped? It’s by design. “That is a marketing problem…that we foster intentionally,” Michael O’Sullivan, NextEra Energy Inc.’s head of renewable development, told University of Notre Dame students in 2015. The Florida company has grown into a […]
Some of the crucial ingredients of broadly shared prosperity in the U.S. economy include a dynamic market where new ideas can thrive, new businesses can reshape the economic landscape, and vigorous competition allocates resources efficiently. Our collective imagination of the U.S. economy is often one of bold entrepreneurs reshaping the world. TV shows us a […]
Over the past few decades there have been troubling indications that dynamism and competition in the U.S. economy have declined. This paper describes the state of competition in the economy, related patterns in entrepreneurship, and policies that promote or inhibit competition. Business dynamism and competition are inherently intertwined, though the linkages are complex. Dominant firms […]
Teradata Corp., a publicly traded data storage and analytics firm, said Wednesday it is moving its corporate headquarters from Dayton, Ohio, to San Diego – where it already employs more than 1,000 workers. The move is part of Teradata’s ongoing transition from being primarily a data warehousing company to a data analytics firm, where it […]
Federal officials plan to relocate an office that helps oversee 60 national parks throughout the western United States from downtown San Francisco to Vancouver, Washington, in a move they say could save millions of dollars. Staff at the National Park Service Pacific West Regional Office were told this week that the local unit is expected […]
The Pennsylvania-based chocolate and snack foods giant acquired the local jerky startup for nearly $220 million in 2015. At the time, Hershey said it was committed to keeping Krave’s headquarters in Sonoma.
San Francisco will soon be drained of one of the world’s largest spirits companies with Campari America’s recent decision to relocate its Bay Area headquarters to the East Coast. The Campari Group subsidiary plans to vacate its offices in Levi’s Plaza this fall after signing a nearly 65,000-square-foot lease in New York City to accommodate […]