Connect with us

Austin, TX

Study finds that Texas is top state gaining business headquarters

Published

on

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).”

Advertisement

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. 

Advertisement

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.



Source link

Austin, TX

Everything you need to know about Austin run clubs

Published

on

Everything you need to know about Austin run clubs


AUSTIN (KXAN) — Data analyst Corey Yeung created the ATX Running Guide to help runners find community across Central Texas. What started as a personal project has become one of Austin’s most comprehensive running resources.

Looking for a Run Club? There’s a Map for That

When Corey Yeung moved to Austin three years ago, he had a simple question:
“How many run clubs are actually out there?” The answer wasn’t easy to find. While several websites listed local groups, Yeung felt none offered a complete picture. So, he decided to build one himself. What started as a spreadsheet evolved into ATX Running Guide, a website and social media platform that helps runners discover clubs throughout the Austin area.

“The list would be more useful if it were a map and search tool,” Yeung said. “The Instagram page was simply a way to communicate those free resources to the community.”

Advertisement

Today, the guide covers running groups from San Marcos to Hutto and serves as a one-stop resource for runners looking to connect. In this episode of KXAN’S Plus Simple Health, Corey Yeung walks us through everything you need to know about the 200-plus running clubs in Austin.





Source link

Continue Reading

Austin, TX

Texas Volts begin first home slate Thursday at Dell Diamond

Published

on

Texas Volts begin first home slate Thursday at Dell Diamond


AUSTIN (KXAN) — The Texas Volts are off to a rough start in the Athletes Unlimited Softball League, but maybe a little home cooking can help them get right.

After playing their first five games on the road, the Volts open play at Dell Diamond in Round Rock at 6 p.m. Thursday against the Utah Talons, kicking off an 8-game homestand.

Texas Volts Logo (Courtesy Athletes Unlimited Softball League)

It’s the first season the Volts will call Dell Diamond home. In the league’s inaugural season last year, the original four teams competed with a touring schedule that included a stop at Dell Diamond. This is the first year that the AUSL, now a 6-team league, will play in home markets.

They have a roster peppered with local stars, including 2-time NCAA national champion middle infielder Leighann Goode from the Texas Longhorns. Aliyah Binford, a New Braunfels native, played collegiately for Ole Miss and former Texas State pitcher Jessica Mullins made an appearance in the Volts’ previous series against the Carolina Blaze.

Advertisement

Goode said there’s been a bit of a learning curve, but she credits her teammates for helping her adjust to the league.

“This group has brought me in and taught me stuff, taken me under their wings,” she said. “They’ve done an awesome job.”

Legendary Texas pitcher Cat Osterman is the team’s general manager, and the head coach is Texas State’s Ricci Woodard.

“We’re ready to rock and roll at home,” Woodard said. “I’m anxious to see what happens now that we get to play in our own place.”

Texas Tech pitcher NiJaree Canady, the No. 2 overall pick in the 2026 draft, joined the team last weekend after a brief contract holdout.

Advertisement

The Volts are 1-4 this season, picking up their lone win over the Oklahoma City Spark on June 10. They’ll face the Talons in a 3-game series, the Chicago Bandits for a pair June 23-24, and finish the homestand with a 3-game set against the expansion Portland Cascade on June 26-28.

Ryan Sanders Baseball, the organization that owns and operates the Round Rock Express, is an operating partner with the Volts and an investor with the AUSL.



Source link

Advertisement
Continue Reading

Austin, TX

Investigators seek clues in small jet crash that killed 1 in Texas, where bystanders rushed to help

Published

on

Investigators seek clues in small jet crash that killed 1 in Texas, where bystanders rushed to help


(AP) – Investigators combed through wreckage Wednesday for clues to why a business jet crashed on a Texas highway, killing one person on board after its pilots reported mechanical problems while requesting an emergency landing at a nearby airport.

The fiery crash late Tuesday in Laredo near the Mexican border sent bystanders racing from their cars to help police rescue passengers and crew from the burning aircraft. The crash killed Joshua Baer, a leader in Texas’ technology and startup sectors, the president of Baer’s company told the Austin American-Statesman.

Video from the frantic scene showed someone trying to smash the cockpit glass with a sledgehammer, while others used makeshift levers as they worked to open the plane’s door. Local officials said a firefighter entered the smoke-filled jet to extract one person still inside after the rest had escaped.

“While the loss of life is deeply regrettable, it is nothing short of a miracle that this tragedy did not become a mass fatality event,” Laredo Mayor Victor Treviño told a news conference Wednesday.

Advertisement

The cause of the crash was not immediately known. The Federal Aviation Administration was investigating along with the National Transportation Board.

Laredo Police Chief Miguel Rodriguez Jr. said investigators working to reconstruct the crash were at the crash site Wednesday.

Crash victim worked to help entrepreneurs launch startups

Baer was the founder and chief executive of Austin-based Capital Factory, which helps entrepreneurs connect with investors and others to launch their businesses.

“Joshua was a fearless leader, a brilliant partner, and a dear friend to so many of us,” Capital Factory President Bryan Chambers told the Austin newspaper.

Capital Factory executives did not immediately return phone messages Wednesday from The Associated Press.

Advertisement

Baer lived in Austin with his wife and three children, according to his LinkedIn page. He recently taught a student entrepreneur class at the University of Texas at Austin.

“I help people quit their jobs and become entrepreneurs,” Baer said on his LinkedIn page.

In a social media post, U.S. Sen. Ted Cruz of Texas called Baer “one of the most significant figures driving innovation and entrepreneurship across America.”

Police did not release the name of the person killed, citing a request from family members. Rodriguez said those on the plane included two pilots and three teenagers.

Pilots reported low fuel, electrical issues, airport director says

The Cessna Citation Latitude twin jet departed Tuesday evening from the Mexican resort city of San José del Cabo and was bound for Austin, Texas, the FAA said in a statement.

Advertisement

The plane was operated by NetJets, a company owned by Warren Buffett’s Berkshire Hathaway that lets people buy part ownership in private jets. NetJets said in a statement it was cooperating with authorities.

The jet went down at about 10 p.m. Tuesday on the Loop 20 highway, just a few minutes after its pilots radioed the local airport seeking to make an emergency landing. Their call to air traffic controllers “mentioned low fuel and a power outage,” Laredo International Airport Director Gilberto Sanchez said.

“They had mechanical issues and they lost communication with the tower,” Sanchez said Wednesday, “and that’s when the accident happened.”

Dashcam video posted on social media showed the aircraft careening down the highway and knocking down a light post before coming to a stop near the airport. The jet also barreled into a car, sending one motorist to a hospital in stable condition, said Laredo police investigator Jose Baeza.

Video posted to social media showed the plane on its side, smashed into a highway barrier with the tail ripped from the fuselage.

Advertisement

“It looked like part of a movie. I was in shock,” said Zayra Garza, an esthetician who was driving her co-workers home when she came upon the crash.

Garza, who shot video of the scene as her husband ran to help, saw motorists leave their cars to try to help smash the cockpit glass. She said the plane’s door opened and three people who looked like teenagers rushed out, followed by someone who appeared to be a pilot. Another crew member tried to pull out a person who seemed to be unconscious.

Smoke billowed from the plane as a firefighter climbed into the aircraft to rescue the remaining passenger. Police officers helping prop open the door had to back away as they doubled over coughing because of the intense smoke. Police said five officers were treated at a hospital for smoke inhalation.

“What was worrying me was the fire,” Garza said. “I was concerned that it could have just exploded at any time.”

This was the third significant aviation accident in as many days. A B-52 crashed Monday during a test flight at Edwards Air Force Base in California and killed all eight people aboard, while on Sunday, 12 people were killed when a plane on a skydiving outing in Missouri crashed.

Advertisement

___

Golden reported from Seattle; Collins reported from Hartford, Connecticut; and Bynum reported from Savannah, Georgia. AP journalists Josh Funk in Omaha, Nebraska, and Jeffrey Collins in Columbia, South Carolina, contributed to this report.

Copyright 2026 The Associated Press. All rights reserved.



Source link

Advertisement
Continue Reading
Advertisement

Trending