TEXAS – A group of Texas business leaders is traveling this week to the state’s favorite place to lure away companies: California.
The three-day trip to San Francisco is the latest effort by Texas to snag corporate offices, company headquarters and jobs from its West Coast rival. For years, California has been a favorite punching bag of Texas politicians who describe the Lone Star State as a refuge from California’s burdensome regulations, hefty taxes and higher cost of living.
The delegation to California kicks off Tuesday. It is led by the Texas Economic Development Corporation, an Austin nonprofit that acts as a marketing arm for the state. It also includes representatives from Irving, Houston, San Antonio and El Paso, Fort Worth-based freight company BNSF Railway, Houston-based CenterPoint Energy and the office of Gov. Greg Abbott.
Dozens of companies have uprooted their California headquarters and landed in Dallas-Fort Worth. Toyota opened its new North American headquarters in Plano in 2017. McKesson, the nation’s largest pharmaceutical distributor, moved its headquarters from San Francisco to Irving.
In other hand, Jamba Juice moved to Frisco. Jacobs Engineering moved to Dallas. Frozen food manufacturer Pegasus Foods moved to Rockwall. And Kubota Tractor moved to Grapevine.
Source: Dallas News