Why Raleigh-Durham is a strong candidate to win Fujifilm s $2B facility – but watch out for Texas bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Why tech billionaires like Elon Musk are ditching Silicon Valley for Texas
With no personal income tax and lower house prices, Texas is being seen by many as an attractive alternative to the Bay area
18 December 2020 • 6:00am
In February 2013, Californians listening to the radio were treated to an unusual advert. Building a business is tough, a honey-toned voice affirmed. But I hear building a business in California is next to impossible. The speaker was none other than Rick Perry, then the governor of Texas, attempting to entice entrepreneurs away from the Golden State.
The advert was followed by a four-day poaching trip paid for by Texan business lobbyists, as well as an entertaining public wrestling match with Perry s West Coast counterpart Jerry Brown. Seven years on, it remains a symbol of the longstanding rivalry – sometimes real, sometimes tongue in cheek – that burns between America s two most populous states.
Oracle s move to Austin may spur California influx and higher prices Dec 16, 2020, 9:36 am Oracle will have one of the largest workforce s in Austin, though it remains unseen how many employees will move here. On December 11, Oracle, the world s largest data base company, announced it was moving its headquarters from Silicon Valley to Austin. The announcement, coupled with major expansions underway by Apple, Facebook, Tesla, and others, is a feather in the cap of local business boosters. But it also has ruffled feathers among local residents who fret about the seemingly unending rise in housing prices. Whether you’re a champion or a critic of the Oracle relocation, the ongoing influx of companies and executives from California shows no signs of letting up. In fact, some observers speculate that Facebook could follow Oracle in shifting its headquarters from the high-cost San Francisco Bay Area to lower-cost Austin. On December 4, the