America’s next economic powerhouse may be rising in red-state territoryhttps://www.foxnews.com/politics/americas-next-economic-powerhouse-may-rising-red-state-territoryDALLAS — Texas has emerged as the biggest winner in corporate America’s flight from high-tax blue states, attracting a wave of headquarters relocations as companies increasingly abandon costly coastal hubs for lower-tax Republican strongholds.
The relocation wave is reshaping the balance of economic power in America, boosting red-state economies while raising fresh questions about whether high taxes and regulation are driving companies out of blue-state strongholds.
Dallas-Fort Worth led the nation with 111 headquarters relocations between 2018 and 2025, according to a CBRE report, while Austin added 88 and Houston gained 31. Together, the three Texas hubs have became one of the nation’s biggest magnets for corporate relocations.
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Meanwhile, California suffered the nation’s steepest corporate losses.
The San Francisco Bay Area posted a net loss of 163 headquarters during the same period Texas posted gains. Companies leaving California frequently cited taxes, labor rules and soaring living costs as reasons for relocating elsewhere, CBRE found.
My most recent job change, almost a decade ago, was due to my division being transferred out of the SF bay area due to extreme housing costs ... the company was not able to recruit college grads.
