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Assorted YouTube videos, Why Companies Are Leaving California For Texas

Why Companies Are Leaving California For Texas

for as long as anybody can remember

california has ranked among the most

desirable places to live on earth

its majestic redwood forests world-class

education system

sandy beaches beautiful people and

global food scene have cemented its

status as a proven mecca for big money

and talent

but all that seems to be changing an

exodus of tech firms has recently

decided to up sticks from the golden

state

and make their homes in a very different

corner of the united states

so today we're looking into the burning

question why are companies moving from

california to texas

last year according to data from the u.s

census bureau

653 000 people decided they'd had enough

of california's glossy charms and opted

to set up home elsewhere

the most popular destination for these

relocators texas

internal migration trends like these are

always complicated

but it's worth noting that this texan

exodus has really picked up pace this

year with some very high profile people

and companies making their way out to

the lone star state

let's look at a few in july elon musk

announced that the biggest u.s tesla car

plant to date would be built on the

outskirts of austin texas

and that's no small thing representing a

1.1 billion investment in the region

not to mention the creation of around 5

000 high-skilled jobs

musk's personal residence is now

reportedly also in texas

as well as a new base for his drilling

operation the boring company

just established in flugerville part of

musk's reason to move there is no doubt

so he can be closer to his beloved

spacex base in boca chica south texas

that's where musk's starship rockets are

currently being developed and tweet

ready for a future mission to mars but

there's also significant push factors

actively driving musk away from

california back in may

musk had a very public bust up with

californian official lorena s gonzalez

after his fremont california tesla

factory was forced to close as part of

the state's efforts to tackle the spread

of coronavirus

musk was furious at the order to close

and issued a tweet saying his company

would be

filing a lawsuit against alameda county

immediately

the unelected and ignorant interim

health officer of alameda

is acting contrary to the governor the

president our constitutional freedoms

and just plain common sense

frankly this is the final straw tesla

will now move its hq

and future programs to texas nevada

immediately if we even retain fremont

manufacturing activity at all

it will be dependent on how tesla is

treated in the future tesla is the last

car maker left in ca

lorena gonzalez stated her position

succinctly

elon musk to which musk cooley replied

message received

but it isn't just hot-headed upstarts

ragequitting california lately

hewlett-packard enterprise the 21st

century iteration of the firm founded an

apollo alto garage by bill hewlett and

david peckhard in 1939

is also making tracks toward texas the

firm considered by many as the great

granddaddy of silicon valley tech giants

is building a state-of-the-art campus on

the outskirts of houston

a statement by hewlett-packard

enterprise hinted at the reasoning for

the move

saying houston is an attractive market

to recruit and retain future diverse

talent

similarly database software giant oracle

just announced it was moving its

headquarters to austin because

as a spokesperson put it we believe

these moves best position oracle for

growth

and provide our personnel with more

flexibility about where and how they

work

so what makes texas more attractive from

a staffing point of view

if you're currently yelling taxes at

your screen well you're halfway right

the corporate tax situation actually

isn't so different between the two

states

although president donald trump's

controversial slashing of the federal

corporate tax rate from 35 percent to 21

in 2017 definitely made state taxes more

of a priority for company bean counters

seeking to cut costs

experts believe that's not enough in

itself to encourage a wholesale move

however the tax situation for individual

workers is very different indeed

californian income taxes for high

earners work out at 13.3 percent

tax and income rates are rather more

let's say competitive at zero percent

that means an executive moving from

california to texas will enjoy a

substantial instant pay rise

and they can do a lot more with that

money california and especially the big

tech hub cities like san francisco and

palo alto

suffer from exorbitant property prices

in houston

a well-paid tech worker can afford a

much larger house and a better overall

quality of life with it even culturally

texas isn't so different from california

although texas is famously conservative

and defiantly red state in its outlook

places like austin with its healthy 47

rate of degree educated workers

and hip cultural happenings like the

annual south by south west festival

increasingly give groovy kelly a run for

its money podcast host joe rogan who

famously smoked weed on screen with elon

musk is also making the move

rogan reportedly just bought a 14

million mansion on lake austin with

eight bedrooms and 10 bathrooms

hot on the heels of his unprecedented

100 million deal with spotify

more important than taxes and culture

however the biggest driving force behind

the current exodus has been the

coronavirus pandemic

a study from leading corporate

consultants gartner found that around

three quarters of chief financial

officers anticipate ever more employees

would work from home permanently

after this year proved that this was not

only feasible but even desirable in many

cases

if that's true of companies in general

it's especially true for tech firms

and naturally if you're working from

home why would you go to the expense and

hassle of living in a big city

when you could enjoy a much larger

property somewhere out in the

countryside

california's regulatory framework is

also cited as a factor in companies

seeking to shift operations to more

lasse fair texas

deep blue cali critics argue abuse it as

legal and legislative muscle to bully

corporate decision makers

whether or not you think elon musk was

right to keep his factory open during a

pandemic

it's easy to see why corporate bosses

look at plans to for instance

cap executive pay relative to frontline

workers with a fair dollop of skepticism

musk has isilly suggested californian

leaders have much in common with an

arrogant sports team

after decades unchallenged at the

leading edge of the tech sector

if a team has been winning for too long

they do tend to get a little complacent

said musk

they're a little entitled and then they

don't win the championship anymore

musk also spoke scathingly of

california's oppressive regulatory

regime in language designed to cut to

the very heart of what makes the state

so special

you have a forest of redwoods and the

little trees can't grow

however it's plain to see that the big

well-established california star wars

like google

facebook and apple with its shiny new

four billion dollar headquarters

aren't going anywhere for now and so

however many fresh-faced upstarts like

vape manufacturer joule drag their

operations out to texas

it seems the cali tech dream won't be

going up in smoke anytime soon

[Music]


Why Companies Are Leaving California For Texas Warum Unternehmen aus Kalifornien nach Texas abwandern Por qué las empresas se van de California a Texas Pourquoi les entreprises quittent la Californie pour le Texas 企業がカリフォルニアからテキサスに移りつつある理由 Kodėl įmonės palieka Kaliforniją ir persikelia į Teksasą Dlaczego firmy opuszczają Kalifornię na rzecz Teksasu Porque é que as empresas estão a trocar a Califórnia pelo Texas Şirketler Neden Kaliforniya'yı Teksas İçin Terk Ediyor? 为什么公司离开加州前往德克萨斯州 為什麼公司離開加州前往德克薩斯州

for as long as anybody can remember

california has ranked among the most

desirable places to live on earth

its majestic redwood forests world-class

education system

sandy beaches beautiful people and

global food scene have cemented its

status as a proven mecca for big money status as a proven mecca for big money

and talent

but all that seems to be changing an

exodus of tech firms has recently

decided to up sticks from the golden

state

and make their homes in a very different

corner of the united states

so today we're looking into the burning

question why are companies moving from

california to texas

last year according to data from the u.s

census bureau

653 000 people decided they'd had enough

of california's glossy charms and opted

to set up home elsewhere

the most popular destination for these

relocators texas

internal migration trends like these are

always complicated

but it's worth noting that this texan

exodus has really picked up pace this

year with some very high profile people

and companies making their way out to

the lone star state

let's look at a few in july elon musk

announced that the biggest u.s tesla car

plant to date would be built on the

outskirts of austin texas

and that's no small thing representing a

1.1 billion investment in the region

not to mention the creation of around 5

000 high-skilled jobs

musk's personal residence is now

reportedly also in texas

as well as a new base for his drilling

operation the boring company

just established in flugerville part of

musk's reason to move there is no doubt

so he can be closer to his beloved

spacex base in boca chica south texas

that's where musk's starship rockets are

currently being developed and tweet

ready for a future mission to mars but

there's also significant push factors

actively driving musk away from

california back in may

musk had a very public bust up with

californian official lorena s gonzalez

after his fremont california tesla

factory was forced to close as part of

the state's efforts to tackle the spread

of coronavirus

musk was furious at the order to close

and issued a tweet saying his company

would be

filing a lawsuit against alameda county

immediately

the unelected and ignorant interim

health officer of alameda

is acting contrary to the governor the

president our constitutional freedoms

and just plain common sense

frankly this is the final straw tesla

will now move its hq

and future programs to texas nevada

immediately if we even retain fremont

manufacturing activity at all

it will be dependent on how tesla is

treated in the future tesla is the last

car maker left in ca

lorena gonzalez stated her position

succinctly

elon musk to which musk cooley replied

message received

but it isn't just hot-headed upstarts

ragequitting california lately

hewlett-packard enterprise the 21st

century iteration of the firm founded an 世紀に設立された。

apollo alto garage by bill hewlett and アポロ・アルト・ガレージ(ビル・ヒューレット著)と

david peckhard in 1939

is also making tracks toward texas the

firm considered by many as the great

granddaddy of silicon valley tech giants

is building a state-of-the-art campus on

the outskirts of houston

a statement by hewlett-packard

enterprise hinted at the reasoning for

the move

saying houston is an attractive market

to recruit and retain future diverse

talent

similarly database software giant oracle

just announced it was moving its

headquarters to austin because

as a spokesperson put it we believe

these moves best position oracle for

growth

and provide our personnel with more

flexibility about where and how they

work

so what makes texas more attractive from

a staffing point of view

if you're currently yelling taxes at

your screen well you're halfway right

the corporate tax situation actually

isn't so different between the two

states

although president donald trump's

controversial slashing of the federal

corporate tax rate from 35 percent to 21

in 2017 definitely made state taxes more

of a priority for company bean counters

seeking to cut costs

experts believe that's not enough in

itself to encourage a wholesale move

however the tax situation for individual

workers is very different indeed

californian income taxes for high

earners work out at 13.3 percent 所得者は13.3

tax and income rates are rather more

let's say competitive at zero percent ゼロ%で競争力があるとしよう

that means an executive moving from

california to texas will enjoy a

substantial instant pay rise

and they can do a lot more with that

money california and especially the big

tech hub cities like san francisco and

palo alto

suffer from exorbitant property prices

in houston

a well-paid tech worker can afford a

much larger house and a better overall

quality of life with it even culturally

texas isn't so different from california

although texas is famously conservative

and defiantly red state in its outlook

places like austin with its healthy 47

rate of degree educated workers

and hip cultural happenings like the

annual south by south west festival サウス・バイ・サウス・ウエスト・フェスティバル

increasingly give groovy kelly a run for

its money podcast host joe rogan who

famously smoked weed on screen with elon

musk is also making the move

rogan reportedly just bought a 14

million mansion on lake austin with

eight bedrooms and 10 bathrooms

hot on the heels of his unprecedented

100 million deal with spotify

more important than taxes and culture

however the biggest driving force behind

the current exodus has been the

coronavirus pandemic

a study from leading corporate

consultants gartner found that around

three quarters of chief financial

officers anticipate ever more employees

would work from home permanently

after this year proved that this was not

only feasible but even desirable in many

cases

if that's true of companies in general

it's especially true for tech firms

and naturally if you're working from

home why would you go to the expense and

hassle of living in a big city

when you could enjoy a much larger

property somewhere out in the

countryside

california's regulatory framework is

also cited as a factor in companies

seeking to shift operations to more

lasse fair texas lasse fair texas

deep blue cali critics argue abuse it as

legal and legislative muscle to bully

corporate decision makers

whether or not you think elon musk was

right to keep his factory open during a

pandemic

it's easy to see why corporate bosses

look at plans to for instance

cap executive pay relative to frontline

workers with a fair dollop of skepticism

musk has isilly suggested californian

leaders have much in common with an

arrogant sports team

after decades unchallenged at the

leading edge of the tech sector

if a team has been winning for too long

they do tend to get a little complacent

said musk

they're a little entitled and then they

don't win the championship anymore

musk also spoke scathingly of

california's oppressive regulatory

regime in language designed to cut to

the very heart of what makes the state

so special

you have a forest of redwoods and the

little trees can't grow

however it's plain to see that the big

well-established california star wars

like google

facebook and apple with its shiny new

four billion dollar headquarters

aren't going anywhere for now and so

however many fresh-faced upstarts like

vape manufacturer joule drag their

operations out to texas

it seems the cali tech dream won't be

going up in smoke anytime soon

[Music]