Southwest
Corporate America is on the move, and these red states are cashing in
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A wave of corporate relocations is reshaping the U.S. economy, and Texas is emerging as the clear winner.
According to a report by CBRE, one of the nation’s largest commercial real estate brokerage firms, 561 companies have relocated their headquarters nationwide since 2018. The research shows many companies are reassessing tax climates, operating costs and growth prospects as they consider a move.
That’s significant because these moves are often driven by long-term financial and growth strategies, not just geography — giving business-friendly states a competitive edge.
From Texas to Tennessee, those states are racking up new headquarters, while blue strongholds like California and New York are losing companies at a notable clip.
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Dallas recorded the highest number of corporate headquarters relocations in the country. (Beata Zawrzel/NurPhoto/Getty Images)
The Lone Star State clearly dominates the relocation map. Dallas-Fort Worth captured 100 headquarters moves between 2018 and 2024 — the most of any metro in the country — while Austin secured another 81 and Houston added 31. Combined, those three markets accounted for more relocations than most entire states, cementing Texas’ outsized role in reshaping the corporate landscape.
Meanwhile, California metros saw the steepest net losses, led by the San Francisco Bay Area with a net loss of 156 headquarters over the same period.
As blue states debate regulation and tax policy, Texas business leaders say the state’s approach is paying off. Megan Mauro, interim president and CEO of the Texas Association of Business, points to the state’s tax structure and lighter regulatory climate as key draws.
“We have a light regulatory touch and no personal or corporate income tax,” Mauro said, citing Texas’ recent $25 billion surplus as evidence of what she calls a competitive tax environment.
Her argument aligns with research from CBRE, which found that companies most often cite lower taxes, reduced operating costs and stronger growth opportunities when relocating their headquarters.
The shift has intensified scrutiny of tax policy in high-cost states. Steve Moore, economist and co-founder of Unleash Prosperity, said those states risk driving away wealth and investment.
“It is common sense for business leaders to pick places for future financial success rather than economic suffocation,” Moore told Fox News Digital.
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California Gov. Gavin Newsom has previously said that he does not support the “billionaire tax” measure. (Sean Rayford/Getty Images)
He argued that proposals such as California’s 2026 Billionaire Tax Act are accelerating the outflow of the state’s ultra-wealthy residents to lower-tax states like Texas and Florida.
“These business tycoons are running to states like Florida and Texas because of lower taxes, economic freedom and future economic prosperity,” he said, describing it as “voting with their feet.”
That shift is also reflected in population data.
From 2021 to 2024, Texas and Florida posted the largest net population gains, while California and several northeastern states recorded some of the steepest losses, according to IRS and U.S. Census Bureau data.
Moore added that the broader economic implications extend beyond corporate balance sheets.
Growth in states like Texas can expand the tax base and provide additional funding flexibility for infrastructure, education and other priorities — often without raising tax rates.
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President Donald Trump pointed to job growth and other economic milestones during his State of the Union speech on Feb. 24, 2026. (Win McNamee/Getty Images)
Economic performance frequently shapes midterm messaging, and migration trends like these are poised to feature in debates over tax competitiveness.
Whether those patterns endure remains to be seen. For now, though, population flows are reinforcing a broader argument: tax policy is no longer an abstract debate — it’s shaping where Americans choose to build their futures.
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Los Angeles, Ca
Southern California braces for 110-degree heat, thunderstorms this week
Southern California is bracing for a hot and muggy week ahead, with heat watches in place and a chance of thunderstorms across the mountains and desert regions.
Temperatures are expected to increase each day into midweek, prompting officials to extend a heat advisory until 10 a.m. Tuesday, when it will transition to an extreme heat watch for even warmer conditions through Thursday evening.
Temperatures are expected to peak on Wednesday, with many locations topping 100 degrees and some reaching 110, according to the National Weather Service.
“Monsoonal moisture moving over the area will add to the discomfort, also bringing the potential for showers and thunderstorms each day,” the Weather Service said.
Those thunderstorms are most likely to occur over the mountain and desert areas as subtropical moisture is drawn into the region by a strong ridge of high pressure.
Temperatures along the coast may even reach the 90s by midweek, with very warm temperatures continuing through the night.
“Given the extreme heat and humidity, it’s highly recommended to complete outdoor activities as early as possible,” the Weather Service said.
The high pressure is expected to slowly weaken Thursday, bringing afternoon highs to within a few degrees of normal in most areas by Friday.
Los Angeles, Ca
Rare, corpse flower double bloom underway at Huntington Library
Two rare corpse flowers have begun to bloom simultaneously at the Huntington Library in San Marino, the nonprofit organization announced Sunday evening.
Odorysseus, the taller of the two flowers, bloomed first. A second, smaller corpse flower named Odora appears to be following close behind.
The Huntington Library is inviting visitors to take in the flowers’ unique aroma, which is often compared to rotting flesh.
“And so it begins,” the Huntington Library wrote on social media.
Odora is shaped a bit differently than Odorysseus because its spadix is inverted due to a developmental irregularity. This is not expected to affect the blooming of the flower.
“Plot twist!” the Huntington Library wrote on Instagram. “Odora wants to steal the spotlight. Odora’s spathe has started opening, too. Tiny but mighty, we’re in for quite the show with a double bloom.”
The Huntington is open from 10 a.m. to 5 p.m. Wednesday through Monday, and is closed on Tuesdays. Reservations are required Friday through Sunday, on holidays, and during peak seasons. “Twilight stroll” hours are available on the Huntington’s website.
The public can also watch a live stream of the bloom on the organization’s YouTube channel.
Los Angeles, Ca
Rosemead High School student identified as teen stabbed to death in El Monte
Family members have identified 15-year-old Rosemead High School student Aziel Zacapala as the boy killed in a stabbing outside an elementary school in El Monte on July 10.
A candlelight vigil was held for Zacapala at the Rosemead skate park at 6 p.m. Saturday. The original location of the vigil was moved from 9700 Fern Street in El Monte, where the stabbing happened, as homicide detectives continue to investigate the scene.
Zacapala was one of three people stabbed during a fight that broke out on Fern Street around 1 p.m., according to information released by the Los Angeles Sheriff’s Department and the El Monte Police Department. Authorities were called to a local emergency room that afternoon, where two adults and Zacapala were being treated for stab wounds.
Zacapala was pronounced dead at the hospital. The adult victims are in stable condition and expected to survive, authorities said.
A GoFundMe page created to help Zacapala’s family pay for funeral expenses described the slain teen as a “beloved nephew, friend, son and high school football player” … “whose life was tragically cut short.”
“Aziel was a good kid, full of promise and kindness, and he had big dreams of making it to the big leagues as a football player,” the GoFundMe page reads. “His absence leaves a deep void in our family and community.”
Zacapala, known as “AZ” by fellow Rosemead High School students, was playing football with friends at Rosemead Park’s Fourth of July event days before the suspected attack, his family said. Now his loved ones are asking for community support as they mourn his death.
“His mother, who is currently unemployed and raising two other young children — including a newborn — has been doing Instacart orders just to stay afloat,” the GoFundMe reads. “Now, she faces the overwhelming daily hardships of supporting her family during this devastating time.”
As of Saturday night, the GoFundMe has raised $16,000 of its $24,000 goal.
No suspects were found at the scene of the stabbing and no arrests have been made in the case, authorities said.
“Investigators are still working to determine whether more than one suspect was involved,” LASD deputies said Saturday morning. “Currently, there is no suspect description available.”
Anyone with information about the stabbings is asked to call the Los Angeles County Sheriff’s Department’s Homicide Bureau at 323-890-5500.
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