100 Firms Moved Their HQs to Dallas Since 2018 ➡️

Key Takeaways

• Dallas is the fastest-growing headquarter market in America, gaining 100 relocations between 2018 and 2024.
• In 2024, California lost 17 headquarters, of which 12 moved to Texas.
• The Bay area lost 156 corporate headquarters over the period, fueled by high taxes and stringent regulations.

Companies Are Moving to the Lone Star State

As California experiences a corporate exodus, companies are moving to Texas in droves, thanks to the state having no corporate income tax and a lower cost of living.

From Charles Schwab to SpaceX, companies are being drawn by its business-friendly policies and growing talent pool, among other factors.

On a national level, the tech industry saw the highest share of firms relocating headquarters, followed by manufacturing and financial services.