Newsom Makes California’s Biggest Export Jobs

With Wells Fargo expected to have its Texas 850,000 square foot campus complete sometime this year, it is expected by some that they may be the next Fortune 500 company to leave the golden state. In the last three years alone the following companies left California for greener pastures in states that have more favorable tax structures and fewer regulations. Some big names made the list including Chevron, Tesla, Oracle, Hewlett Packard Enterprise, Pabst, Symantec and Charles Schwab. The regulatory climate and taxes were big reasons companies chose to make the leap east. Of all U.S. states, CEOs rated California’s tax and regulation policies the worst, including a total of 518 state agencies, boards and commissions. The vast majority of businesses leaving California went to Texas, Florida, and Ohio.

Source: FreshRealm

FreshRealm the national leader in fresh meal solutions, announced they will be shifting their California-based headquarters to Lancaster, Texas in March 2024.

Source: Hodge

Hodge, A logistics and materials handling business moved out of California to Iowa reported on November 3 2023.

Source: Noble33

Noble 33 a hospitality business specializing in fine dining moved to Florida on October 31 2023.

Source: QuickFee

QuickFee, a software and online payment processing service moved to Texas on October 20, 2023.

Source: Advantage Solutions

Advantage Solutions a Fortune 500 company moved its headquarters to Missouri in October 2023.

Source: Thermomix

Thermomix, an appliance manufacturer and distributor moved its operations to Texas in August 2023.

Source: Unical

Unical Aviation a global aircraft parts and components supplier moved to Arizona in July 2023.

Source: Ruiz Foods

Ruiz Foods a large distributor of Mexican cuisine moved to Texas in May 2023.

Source: Cacique

Cacique Foods a producer of Mexican cuisine move to Texas in May 2023.

Source: Inbenta

Inbenta an AI interactive software developer moved to Texas in March 2023.

Source: Landsea Homes

Landsea Homes a builder and designer of master-planned communities and homes moved to Texas March 2023.

Source: McAfee

McAfee a software developer specializing in virus protection moved to Texas January 2023.

Source: Boingo

Boingo Wireless a connectivity provider and distributor of antenna systems moved to Texas in December 2022.

Source: Lucas Oil

Lucas Oil Products a manufacturer and distributor of engine additives moved to Indiana in November 2022.

Source: HFC

Home Franchise Concepts a home franchise distributor moved to Texas in October 2022.

Source: Allspring

Allspring Global Investments, a financial investment company moved to North Carolina in October 20 2022.

Source: Obagi

Obagi Cosmeceuticals a skin care products manufacturer and distributor left for Texas in September 2022.

Source: Belong

Belong a property management company moved to Florida in September 2022.

Source: Chevron

Chevron sold its headquarters building in San Ramon to move to Houston Texas in June 2022.

Source: HBCU

HBCU Hub a mobile app developer connecting students to admission offices moved to Texas in April 2022.

Source: Boring

The Boring Company, a tunneling boring company moved to Texas in April 18 2022.

Source: Sendoso

Sendoso a leading sending platform moved to Arizona in April 2022.

Source: Ovation

Ovation Fertility a fertility clinic operating multiple IVF labs moved to Tennessee in February 2022.

Source: Hyperion

Hyperion hydrogen based vehicle manufacturer moved to Ohio in February 2022.

Source: Review Wave

Review Wave a mobile app developer for the health care industry moved to Texas in January 2022.

Source: Nexen Tire

Nexen Tire, a tire manufacturer and distributor moved its corporate headquarters to Ohio in October 2021.

Source: Hall Technologies

Hall Technologies, an audio visual tech company moved to Texas in October 2021.

Source: Tesla

Tesla built its new gigafactory in Texas October 2021.

Source: First Foundation

First Foundation Bank a financial services company moved their corporate headquarters to Texas in September 2021.

Source: Flexible Funding

Flexible Funding a boutique lender moved to Texas in August 2021.

Source: HomeLight

HomeLight a real estate sales company moved to Arizona in August 2021.

Source: NinjaOne

NinjaOne a software development company moved to Texas in August 2021.

Source: Aecom

AECOM a diversified international company moved its global headquarters from Los Angeles, CA, to Dallas Texas in October 2021.

Source: MD7

MD7 a digital consulting company moved to Texas in August 2021.

Source: Kaiser Aluminum

Kaiser Aluminum a manufacturing company moved to Tennessee in July 2021.

Source: Smart Wires

Smart Wires, Inc. an energy products manufacturer moved to North Carolina in July 2021.

Source:Wiley X

Wiley X an optical products manufacturer moved to Texas in June 2021.

Source: F45

F45 a fitness training company moved to Texas in June 2021.

Source: Edelbrock

Edelbrock Group a performance engine parts manufacturer moved to Mississippi in June 2021.

Source: Landing

Landing, a large apartment rental company moved to Alabama in June 2021.

Source: Snowflake

Snowflake, a recruitment company moved to Montana in May 2021.

Source: Wedgewood

Wedgewood LLC, a property development company moved to Texas in May 2021.

Source: GemCap

GemCap a financier moved to Texas in May 2021.

Source: GreenDot

Green Dot Corporation a fintech firm and biggest U.S. provider of prepaid debit cards moved its headquarters from Pasadena, California to Austin, Texas, in May 2021.

Source: EMF

Education Media Foundation (EMF) a multimedia company moved to Tennessee in March 2021.

Source: Viavi

Viavi Solutions a global leader in communications test and measurement and optical technologies moved to Arizona in February 2021.

Source: Align Technology

Align Technology a dental products manufacturer and provider moved its global headquarters to Arizona in January 2021.

Source: Digital Realty

 Digital Realty a data center providing connectivity solutions moved to Texas in January 2021.

Source: Lion

Lion Real Estate Group, a real estate company moved to Texas in January 2021.

Source: OPSWAT

OPSWAT a digital security firm moved to Florida in January 2021.

Source: Charles Schwab

Charles Schwab an investment firm moved to Texas in January 2021.

Source: Oracle

Oracle moved its global headquarters from Silicon Valley to Texas in December 2020.

Source: HP

Hewlett Packard Enterprise (HPE) moved to Texas in December 2020.

Source: Pabst

Pabst a beverage company moved its headquarters to Texas in October 2020.

Source: LifeLock

NortonLifeLock (Symantec) a digital security company moved to Arizona in January 2020.

The report – “California’s Competitiveness: A Regional Approach” outlines steps California must take to maintain its advantage over other states in the coming years. Some of the report’s recommendations to create innovation and improve competitiveness for the state’s regions and, in turn, stem the outbound migration of businesses include:

  • Develop an economic strategy which considers and supports regional differences.
  • Develop partnerships between higher education and industry that promote occupational upskilling to satisfy the demand for talent and skills from the local industry clusters interconnected with the rest of the world.
  • Define business attraction and retention strategies at the regional level that drive innovation in leading regional clusters and are supported by a statewide plan.
  • Leverage the state’s regional assets to compete for workers and firms. California can do so more effectively by addressing the state’s high cost of living and ensuring community amenities are on par with those in other states.
  • Build entrepreneurial infrastructure and support, which will attract new firms while lowering the barriers to entrepreneurship for its homegrown talent.