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Corporate America is on the move, and these red states are cashing in

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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.

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“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.

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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.

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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

Deputies reveal what led to violent L.A. County bus crash that injured 13 people

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Deputies reveal what led to violent L.A. County bus crash that injured 13 people

Authorities revealed new details Wednesday afternoon about the violent Santa Clarita crash involving a city transit bus, an overturned semi truck and two other vehicles that left 13 people injured.

According to the Santa Clarita Valley Sheriff’s Station, the driver of a semi truck hauling a full load of gravel may have been traveling as fast as 70 mph when the vehicle approached a yellow light at the intersection of Golden Valley Road and Centre Pointe Parkway around 9:30 a.m.

Investigators said the driver then attempted to make a right turn to avoid running the red light before crashing into the bus and two passenger vehicles.

“[The driver] tried to make a right-hand turn to avoid running the red light and then crashed into the bus and the other two passenger vehicles,” Capt. Brandon Barclay of the Santa Clarita Valley Sheriff’s Station told KTLA.

Officials noted that the speed limit on Golden Valley Road is 50 mph.

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Sky5 aerial footage showed the heavily damaged Santa Clarita Transit bus pushed onto a curb while the semi truck overturned nearby, and another vehicle appeared pinned beneath the front right side of the bus.

“When you look at it, it looks like a scene from Universal CityWalk,” Barclay said.

Authorities said 13 people were injured in the crash.

One passenger seated in the back of the bus had to be freed using the Jaws of Life and remained hospitalized in critical condition Wednesday afternoon, KTLA’s Angeli Kakade reported.

Seven additional people were transported to hospitals while five others declined medical treatment at the scene.

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“You have a bus that was hit by a semi truck, so it’s very impactful for this community,” Barclay added.

  • Santa Clarita city bus crash
  • Santa Clarita city bus crash
  • Santa Clarita city bus crash
  • Santa Clarita city bus crash
  • Santa Clarita city bus crash
  • Santa Clarita city bus crash

Former Santa Clarita transit bus driver Darryl Richardson said he was stunned when he saw the aftermath of the crash.

“I know how a person feels to see a big old truck coming right at you,” Richardson told KTLA. “Thank God if it had broadsided the driver, we’d be talking about a different conversation right now.”

The City of Santa Clarita said road closures around the crash scene were expected to continue for several hours as deputies investigated what led up to the collision.

All directions of Centre Pointe Parkway between Golden Valley Road and Ruether Avenue remained closed Wednesday afternoon. Eastbound Golden Valley Road was also shut down from Robert C. Lee Parkway to Centre Pointe Parkway.

Drivers were urged to avoid the area and use alternate routes.

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The crash remains under investigation.

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Los Angeles, Ca

Burglary reported in San Fernando Valley hours after officials announce arrests 

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Burglary reported in San Fernando Valley hours after officials announce arrests 

Just hours after officials announced arrests connected to a string of residential burglaries, another one was reported in the San Fernando Valley.  

According to a Los Angeles Police Department spokesperson, the incident took place just before 1:45 a.m. Wednesday in the 5000 block of Bluebell Avenue, which is located in the Valley Village neighborhood.  

The person who lives in the home was too shaken to appear on camera but told KTLA that three masked suspects broke in while she was inside and took off within minutes.

The LAPD spokesperson was unable to confirm that detail, or any other details, right away. It was unclear whether anything was taken from the home.

Police investigate a reported burglary in the 5000 block of Bluebell Avenue in the Valley Village neighborhood on May 12, 2026. (KTLA)

The alleged break-in came less than a day after L.A. Mayor Karen Bass and other officials announced arrests in a string of burglaries mainly plaguing the San Fernando Valley. At a press conference Tuesday, Mayor Karen Bass said there has been a 30% reduction year-to-date in property crimes and burglaries.

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The LAPD says part of their strategy is to saturate areas, like the Valley, that have been targeted disproportionately, using visible officers and others “behind the scenes.”

“Burglaries in the city are down over 30%, reflecting the effectiveness of our proactive enforcement and prevention strategies,” LAPD Deputy Chief Gerald Woodyard said. “We are aware that the burglary crews are highly organized and sophisticated, and we are constantly adjusting our strategies to counteract their tactics.”

That said, the LAPD is down anywhere from 800 to 1,400 police officers. The mayor said she’s fighting to hire more and is using mental health professionals on calls which don’t require a police officer.

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Los Angeles, Ca

Detectives investigating if La Cañada burglary is connected to string of recent break-ins

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Detectives investigating if La Cañada burglary is connected to string of recent break-ins

The Los Angeles County Sheriff’s Department is investigating a burglary, which happened on the 1200 block of El Vago Drive in La Cañada Flintridge on May 2.

The burglary happened around 7:20 p.m. Detectives are actively investigating if the burglary is connected to a string of other recent burglaries in L.A. County.

A woman who lives in the area contacted KTLA about the burglary after she noticed that security camera footage of the suspects matched the suspects seen in a different burglary in Studio City. During the Studio City burglary, the suspects attacked a Good Samaritan with bear spray.

A victim was attacked by a burglar using bear spray after he confronted the two suspects burglarizing a Studio City home on May 8, 2028. (Steve Calabro)

LASD Capt. Ryan Vienna called the rash of burglaries in the region “unacceptable.” LASD has deployed additional deputies to the La Cañada Flintridge area in response to the burglary.

“I ask all members of the community to promptly report suspicious activity or crimes in progress, as well as cooperate with our investigators so we may apprehend those who would or have caused harm,” Vienna said.

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No other details have been revealed in the case as it remains under investigation. Anyone with information about the burglary is asked to contact LASD at (818) 236-4015.

Burglaries are an ongoing problem across Southern California in recent months. On May 5, four men were arrested for stealing more than $100,000 in valuables form a Thousand Oaks home, according to the Ventura County Sheriff’s Office.

LASD provided following burglary prevention tips:

  • Lock all doors and windows, even when home
  • Keep exterior lights on during nighttime hours
  • Utilize alarm systems and surveillance cameras if available
  • Avoid leaving valuables visible from outside the home
  • Collect mail and packages promptly
  • Report suspicious persons or vehicles in your neighborhood immediately
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