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The major companies which have relocated to Texas, from Tesla to Chevron
- A number of major companies have relocated their headquarters to Texas, including Tesla and Chevron, since 2020, citing reasons such as a good regulatory environment and lower cost of living.
- Texas has become a hotspot for corporate operations, with 200 companies moving their HQs to the state, drawing firms from states like California.
- Governor Greg Abbott attributes the influx of companies to Texas to its reasonable regulatory environment, exceptional quality of life, and lower cost of operating a business.
- Companies like KFC's parent company Yum! Brands, the New York Stock Exchange, Chevron, and SpaceX have all made significant moves to Texas.
- Tesla, led by Elon Musk, was the first to move its headquarters from Silicon Valley to Austin, Texas, in 2021 due to housing affordability constraints.
- Chevron relocated its headquarters from San Ramon, California, to Houston to facilitate better collaboration and engagement within the company.
- Companies like SpaceX and Oracle have also made significant shifts to Texas, with SpaceX moving to Starbase, Texas, and Oracle relocating its corporate HQ from Silicon Valley to Austin.
- Charles Schwab, McKesson, CBRE, and AECOM are among the other major firms that have moved their headquarters to Texas in recent years, attracted by the state's business-friendly environment.
- The trend of companies relocating to Texas has been driven by factors such as the state's talent magnetism, lower operating costs, and the flexibility offered to employees.
- Overall, Texas has seen a significant uptick in corporate relocations, with companies finding the state to be an appealing destination for their business operations.
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