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More companies choosing Texas over California

DALLAS – Texas’ business climate continues to lure large and small companies away from California, according to a report by The Center Square.

Referencing statistics from​ the California Policy Center, the report says 237 companies have left California since 2005, citing the state’s expanding regulatory and taxation environment. More than half of them have moved to Texas. 

In addition, an analysis by the California Policy Center shows that cities in the Metroplex, especially Frisco, are the preferred destinations. 

According to a news release from the Frisco Economic Development Corporation, 16 companies moved their headquarters to the city in 2022, including Wiley X and Informativ. McAfee moved its regional headquarters to Frisco but kept its corporate office in San Jose, California.