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Study finds that Texas is top state gaining business headquarters

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Study finds that Texas is top state gaining business headquarters


AUSTIN, Texas — A study looking at headquarter relocations in the U.S. found that Texas was the number one state business headquarters moved to in the past five years, with Austin being the top city on the list. 


What You Need To Know

  • In total, the study said Texas gained 209 business headquarters, with 66 of those moving to Austin, 32 to Dallas and 25 to Houston
  • The cities that lost the most headquarters included two California cities, San Francisco/San Jose at 79 and Los Angeles/Irvine at 50, and New York City, which lost 21 headquarters
  • Some of the key findings of the study were that it was an active five years in relocations, with 2021 having the most relocations at 137, and the technology industry saw the most movement, with the manufacturing industry following close behind

The study was done by CBRE, a global commercial real estate services and investment firm, to look at the trends in headquarter relocations and what the implications of those trends mean for businesses. It reviewed nearly 500 publicly announced relocations from 2018 to 2023. 

Some of the key findings of the study were that it was an active five years in relocations, with 2021 having the most relocations at 137, and the technology industry saw the most movement, with the manufacturing industry following close behind. 

It would then make sense why Austin came out on top because of its emergence as a tech hub, with the city being dubbed by some as the new Silicon Valley. 

“Austin has emerged as a global tech hub, offering cost and culture advantages,” the study said. “An HQ relocation from Silicon Valley to Austin typically saves 15% to 20% in tech employee wages. Austin also has a markedly lower cost of living than Silicon Valley (although not to the extent of other Texas cities).”

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One of the major relocations the study discussed was Elon Musk’s decision to move his Tesla’s headquarters to Austin back in 2021.

In total, the study said Texas gained 209 business headquarters, with 66 of those moving to Austin, 32 to Dallas and 25 to Houston.

“Today, 55 of the Fortune 500 companies are headquartered in Texas, the most of any state,” the study said. “Major firms like Oracle, HPE and Charles Schwab moved there after the pandemic began.”

Outside of Texas, Nashville and Denver rounded out the top five cities, with 21 and 11 headquarters added, respectively.

The cities that lost the most headquarters included two California cities, San Francisco/San Jose at 79 and Los Angeles/Irvine at 50, and New York City, which lost 21 headquarters. 

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The study found that the most common reason for businesses to move were tied to cutting costs, which made Texas a favorable place because of its lower taxes. Some other reasons the businesses mentioned included regulatory policies, crime, homelessness and other social factors.



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Records in Texas AG Ken Paxton’s divorce case are unsealed

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Records in Texas AG Ken Paxton’s divorce case are unsealed


AUSTIN (The Texas Tribune) — The records in Texas Attorney General Ken Paxton’s divorce case have been unsealed.

Judge Robert Brotherton, who is presiding over the case, signed an order Friday morning allowing the records to be made public. The decision came after Paxton and his wife, state Sen. Angela Paxton, announced that they had come to an agreement late Thursday to unseal the documents.

Tyler Bexley, an attorney for a group of media organizations fighting for the records to be released, celebrated the decision as a win for transparency.

“We’re certainly pleased with the result,” Bexley said after the hearing.

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The move was an abrupt about-face for the couple, who had fought to keep the records secret. It’s unclear exactly what brought on the change.

The records were released before noon. They show the Paxtons have entered mediation, and their blind trust had doled out $20,000 to each of them to pay for their attorneys. The documents also show that earlier this month, Angela Paxton asked her husband to produce records pertinent to the case. They also show multiple judges recused themselves from the case before it was given to Brotherton, a visiting judge based in Wichita Falls.

The Texas Newsroom previously published copies of several records — including Paxton’s general denial of his wife’s divorce petition — before they were sealed.

The records did not shed more light on the couple’s financial situation, division of assets or the alleged affair that led to the divorce — but additional filings will be made as the case continues. Bexley said the media organizations agreed to redactions only of personal information like Social Security numbers and home addresses.

State Sen. Angela Paxton filed for divorce in July alleging adultery. Soon after, she asked for the court record to be sealed. A previous judge handling the case agreed and put all of the records under seal. Ken Paxton initially supported the decision, filing a court document that accused the press of attempting to unfairly invade his personal life.

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Eight media organizations and a nonpartisan nonprofit opposed the sealing. The media group argued Paxton’s divorce records should be public because he is an elected official running for office who has faced repeated allegations of corruption. The attorney general’s finances, which are a subject of the divorce case, have been central to the misconduct allegations against him. While he has been charged with multiple crimes during his decade in statewide office, Paxton has never been convicted.

Paxton is now challenging John Cornyn in the Republican primary for U.S. Senate.

Laura Roach, one of Ken Paxton’s lawyers, said after the Friday hearing that the attorney general had always wanted the record to be unsealed.

“Mr. Paxton has always wanted us to actually unseal it,” she said. “Attorneys get on a path and we think that that’s the right way to go and we were finally able to get everybody on the same page.”

When asked why he initially opposed it so strongly, she added, “that’s just legal stuff. … His attorneys said that.”

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Angela Paxton had asked the records be sealed because doing so would “not have an adverse affect on the public health or safety.” Her representatives declined to respond on Friday.

Michael Clauw, the communications director for the nonprofit Campaign for Accountability that also sought the release of the records, said he does not believe Ken Paxton actually wanted them to be made public.

“It’s ridiculous to believe that Ken Paxton ‘always wanted’ his divorce record to be unsealed,” he said. “Only when it became apparent he likely would lose in court did he change his tune.”

Roach said she expects the case to be resolved amicably soon. Neither Ken Paxton nor Angela Paxton appeared at the court.

This article originally appeared in The Texas Tribune at www.texastribune.org. The Texas Tribune is a nonprofit, nonpartisan media organization that informs Texans – and engages with them – about public policy, politics, government and statewide issues.

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Photo of the Week: Texas K-9 care

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Photo of the Week: Texas K-9 care


EMS1 Staff comprises experienced writers, editors, and EMS professionals dedicated to delivering trusted, timely, and actionable information and resources for public safety. EMS1 Staff is committed to equipping EMS providers with the knowledge and resources they need to excel in pre-hospital care. With a focus on delivering breaking news, expert advice, and practical tools, our team ensures EMTs and paramedics have access to reliable information that supports their professional growth and enhances patient outcomes.

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Australia mass shooting: Brother of Texas rabbi injured in attack speaks at Austin ceremony

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Australia mass shooting: Brother of Texas rabbi injured in attack speaks at Austin ceremony


In the wake of the Australia attack on Bondi Beach, Jewish community members flocked to join Governor Greg Abbott in the annual Hanukkah tradition, which looked different this year.

The traditional lighting of the menorah at the Capitol is typically held outside. However, with the recent attack, everyone piled into the Governor’s reception room for security reasons.

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The backstory:

There was a weight in the air you could almost feel as members of the Jewish community gathered for the annual Texas Capitol Menorah Lighting Ceremony.

The celebration comes only days after two gunmen killed 15 people and injured about 40 others at a Hanukkah event in Sydney, Australia.

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“We have enhanced security, making sure celebrations will take place peacefully and respectfully,” said Governor Greg Abbott.

The terror attack hits home for many. One of the victims is a fellow Texan, Rabbi Liebel Lazaroff, who remains in the ICU fighting for his life.

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“An attack on Jews anywhere is an attack on us.”

Rabbi Liebel Lazaroff and his father. 

Liebel’s siblings drove in from College Station, and his brother, Rabbi Menachem Lazaroff, spoke about his brother’s heroic actions on Bondi Beach.

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“[Liebel] saw, close by, an Australian police officer who was injured and critically bleeding,” said Rabbi Menachem Lazaroff. “He ran over to him, took the shirt off his back, and applied a tourniquet and saved the man’s life.”

Liebel was shot twice while trying to save the Australian police officer. All of this unfolded as Liebel’s boss and mentor died right next to him. He was identified as Rabbi Eli Schlanger.

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“[Liebel] said, ‘I could’ve saved the rabbi,’” said Rabbi Menachem Lazaroff. “[Liebel] said ‘Rabbi Schlanger has a family, a wife and children. I’m just a young boy. I could have done something, and I wish I would’ve done more.’”

The 20-year-old rabbi has undergone several surgeries and has more ahead of him before he can begin what will be a long road to recovery.

“He’s a good man, and he’s tough, but it definitely made me emotional for sure, and I’m proud of him,” said Rabbi Menachem Lazaroff. “I’m proud of who he is and what he represents.”

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During the eight days of Hanukkah, one candle is lit each night until all eight are burning. On Thursday night, the fifth candle was lit, the symbolic transition of there being more light than darkness.

​The Lazaroff family is seeking donations to cover Liebel’s medical bills. Here’s a link if you would like to help.

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The Source: Information from statements at the Texas Capitol Menorah Lighting Ceremony and previous FOX 7 Austin coverage

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