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The Economic Times
The Economic Times
National

Texas emerges as US' new economic powerhouse amid California exodus

Texas has emerged as the leading destination for corporate headquarters relocations in the United States, attracting 192 companies since 2018, as businesses continue to move out of California citing high taxes, regulatory burdens and rising operating costs, according to a new study.

The report 'Why Texas? - The Corporate Exodus Continues', released by real estate services firm Partners Real Estate in May, said the migration of companies has accelerated a major shift in the country's economic landscape, with Texas consolidating its position as a preferred hub for business investment.

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