Where Data Tells the Story
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This chart tracks the states which saw the most number of Fortune 500 headquarter relocations from 2018–2023.
Data is sourced from CBRE published March, 2024.
Not only did Fortune 500 companies leave California during the pandemic, they left it for Texas.
The Lone Stars State's flexible vaccine requirements were a big draw, along with longer-term factors like lower taxes, costs, and commercial real estate prices.
The Centennial State has also emerged as a tech hub over the last few years, helped by its business-friendly environment, educated workforce, and prime location between the two coastal timezones