California Lost 9000 Business HQs And Expansions Mostly To Texas 7year Study Says

California Lost 9000 Business HQs And Expansions Mostly To Texas 7year Study Says

 

Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Texas has been a prime beneficiary of the Golden State’s “hostile” business environment.

That’s the conclusion of study by Joseph Vranich, a site selection consultant and president of Irvine-based Spectrum Location Solutions.

Toyota is moving its headquarters to this vacant land in Plano, Texas.Enlarge

Toyota is moving its headquarters to this vacant land in Plano, Texas.

SUBMITTED PHOTO

Of the 9,000 businesses that he estimates disinvested in California, some relocated completely while others kept their headquarters in California but targeted out-of-state locations for expansions, Vranich found. The report did not count instances of companies opening a new out-of-state facility to tap a growing market, an act unrelated to California’s business environment.

Japanese automaker Toyota, which is consolidating its North American headquarters in Plano, Texas, over the next couple of years, is one of those companies. The company is leaving Southern California and two other locations to set up shop in Plano, where it will employ 4,000.

It’s typical for companies leaving California to experience operating cost savings of 20 up to 35 percent, Vranich said. He said in an email to the Dallas Business Journal that he considers the results of the seven-year, 378-page study “astonishing.”

“I even wonder if some kind of ‘business migration history’ has been made,” Vranich wrote in his note.

I’ll talk to Vranich about specifics of his study later today, so stay tuned.

For now, here are some highlights:

  • Texas ranked as the top state to which businesses migrated, followed in order by: Nevada, Arizona, Colorado, Washington, Oregon, North Carolina, Florida, Georgia and Virginia. Texas was the top destination for California companies each year during the seven-year study period.

  • Metro areas benefiting from California disinvestment events, starting with those that gained the most, are: Austin-Round Rock-San Marcos, Dallas-Fort Worth-Arlington, Phoenix-Mesa-Scottsdale, Reno-Sparks, Las Vegas-Paradise, Portland-Vancouver (WA)-Hillsboro, Denver-Aurora-Lakewood, Seattle-Tacoma-Bellevue, Atlanta-Sandy Springs-Marietta and Salt Lake City tied with San Antonio.

  • Broken down to the municipal level, the Top 15, starting with those that gained the most, are: Austin, Reno, Las Vegas, Seattle, Phoenix, Dallas, Portland, Ore., San Antonio, Denver, Scottsdale, Houston, Colorado Springs, Irving, Texas, Plano, Texas, Hillsboro, Ore., Fort Worth, Texas, Tempe, Ariz., Pittsburgh, Nashville, Salt Lake City, and Cary N.C.

  • Los Angeles led the Top 15 California counties with the highest number of disinvestment events, followed by: Orange, Santa Clara, San Francisco, San Diego, Alameda, San Mateo, Ventura, Sacramento, Riverside, San Bernardino, Contra Costa, Santa Barbara, San Joaquin, Stanislaus and Sonoma.

  • Companies continue to leave California because of rising costs and concerns over the state’s “hostile” business environment, according to the study, which also names companies and provides details of business disinvestments in the state.

Article by Bill Hethcock: Staffwriter Dallas Business Journal


William Graves Headshot
Author:
Phone: 817-966-5890
Dated: November 17th 2015
Views: 404
About William: I was raised in Trophy Club, graduated from Grapevine High and attended the University of North Texa...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Kids Activities In Ellis County The Week Of 6-17-18! - Check out this weeks kids
Jafar's Mediterranean Grill in Van Alstyne - If you haven’t dined at&
Kids Activities in Ellis County the week of 6-10-18 - Live in Ellis County? Looking for
What Do Home Inspectors Look For? - Whether buying or selling a home,

Our Bloggers

Alan Oliver - 7
Allen M. Solhjoo - 4
Amber Johnson Oputa - 13
Amy Jo Saenz - 3
Ana Cantu - 1
Andrea Trimble - 55
Angela Taylor - 1
Angela Cotten - 102
Ann Kessel - 4
Ann-Marie Pope - 2
Annette Bruen - 47
Ashley Lambert - 1
Audra Young - 1
Belinda Duff - 5
Beth Herr - 1
Beverly Bryant - 24
Blake Marion - 3
Bob Cardillo - 4
Brittany Duey - 1
Bryce Smith - 5
Candace Mozingo - 1
Candie Hernandez - 10
Cara Balderas - 73
Chad Gabriel - 58
Christina Gonzalez - 5
Christine Shannon - 30
Christine McGinnis - 1
Christopher Evans - 1
Chuck May - 1
Clint White - 2
Comprar Casa DFW * - 4
Dakota Joyner - 10
David Darty - 1
Debbie Zurita - 17
Debbie Viverito - 132
Derek Taylor - 5
Diane Velez - 18
Drew Spears - 8
Edwin Liddie - 1
Erica Taylor - 54
Eunice Pettaway - 1
Eva Duffy - 8
Felicia Johnson - 79
Gary Hutchings - 20
Go 2 Girls Realty - 173
Greg Cunningham - 2
Gregory Cornett - 2
Heather Feragotti - 8
Holli Paddio - 3
Hunter Howard - 1
Jamie Brannagan - 2
Jason Todd - 24
Jemi Khan - 26
Jenna Stanley - 9
Jennifer Flynn - 9
Jennifer Boyd - 2
Jessica Boozer - 18
Jill Elliott - 99
Jimmy Hanks - 1
John Priestash - 60
Judy Tapscott - 2
Julian Taylor - 17
Julian Dozier - 4
Julie Nicholson - 10
Julie Cash - 2
Justin Blackburn - 1
Karla Terrell - 2
Kaysone Orlando - 1
Keisha York - 30
Kelley Stubbs - 3
Kelly Rumney - 9
Kevin Taylor - 16
Keyatta Johnson - 2
Kristen Henderson - 18
Kristine Edens - 3
Laneal Ernest - 9
Larry Frassinelli - 6
Leah Ecob - 15
Leigh Klotz - 5
Linda Scardis - 4
Lisa Carroll - 3
Lisa Cardillo - 53
Lucina Cervantes - 11
Marcos Garza - 1
Maria Lopez-Jones - 1
Mark Mulch - 19
Mark Fischer - 2
Marla Johnson - 1
Martina Worley - 2
Mary Taylor - 15
Melodie Sulgrove - 1
Michael Chatman - 2
Michele Thompson - 6
Mimi Rader - 1
Missie Craig - 12
Moira Brunken - 18
Monica Solkhon - 1
Naddia Morales - 10
Nick Walton - 79
Nikki Okpuzor - 5
Olivia Borowski - 1
Rachel Walsh - 2
Ramon Bermudez - 4
Rene Sinclair - 27
Rhonda Borgne - 1
Richard Mikus - 1
Rodrigo Sotomayor - 16
Rosalia Tejeda - 1
Roxann Hailey - 4
Sandy Setliff - 226
Sarah Dieter - 9
Sean Moniri - 21
Seana Taylor - 217
Shalee Garza - 10
Shelby Smith - 3
Shelia Randolph - 33
Spring Weeks - 9
Stacy Lynn Massar - 27
Steve Murray - 1
Susan Florsch - 12
Tami Bennett - 45
Tammy Gill - 1
Teneka Ray - 1
The Doyle Team * - 5
Tim Stoll - 52
Timothy Taylor - 1
Timothy Gilliam - 2
Trenton Johnson - 15
William Hurd - 3
William Graves - 5
Wilma Goodwin - 2

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448
0