Yet Another Major Corporation Is Moving Out Of California — For Good
(TargetLiberty.org) – Yet another major company is abandoning ultra-woke California and moving to Texas. This time it’s an oil company, Chevron. Whatever the government in Sacramento is trying to do, it seems businesses don’t like it.
After 140 years Chevron is moving its headquarters to Texas.
They’re joined by McKesson and Charles Schwab.
We call this the red state boom!
— Stephen Moore (@StephenMoore) June 28, 2022
On June 27, Chevron Corporation announced it’s planning to sell its headquarters in San Ramon, CA. The company says it will move its head office to “new modern leased space” in the same city, and insists it will still be headquartered in California, but that’s not quite the reality. Chevron already owns an office building in Houston, TX, and plans to relocate many of its staff there from California. It’s also looking at building another office tower in Houston. The company is obviously keen for staff members to make the move out of California, because it’s offering to cover their relocation costs.
When Tesla announced it was moving from Palo Alto, CA to Austin, TX last October, it was a major blow to California’s reputation as the home of American technology. Now it’s becoming a trend. A growing list of companies are abandoning the over-taxed, over-regulated West Coast state and relocating to Texas.
Hewlett Packard is moving from San Jose, CA to Houston. Oracle wants to shift its headquarters from Redwood City, CA to Austin. Texas is now the leading state for high-tech exports, and California seems to have legislated itself into an economic death spiral.
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