While the story may be overplayed, it’s hard to deny the fact that more large companies continue to move headquarters or major parts of their operations from California to Texas. Tesla joined the movement in October 2021 when it announced it would relocate its headquarters from Palo Alto to Austin. Meanwhile, as of mid-year 2021, the Lone Star State led the nation in export trade with nearly double the sum of the next three largest states (California, New York and Louisiana) combined.
Texas Enterprise Fund: The largest deal closing fund of its kind in the nation offers cash grants for projects that create at least 75 full-time jobs that meet or exceed the county average wages.
Skills Development Fund: Offers up to $1,800 per trainee to assist Texas public community and technical colleges to finance customized job training for local businesses.
Texas Enterprise Zone Program: Offers various state sales and use tax refunds, ranging from $2,500 to $7,500 per job, for state-approved projects in designated communities.
Texas Capital Fund Infrastructure Program: Offers up to $750,000 towards public infrastructure upgrades for businesses that create and retain permanent jobs, primarily for low and moderate-income persons.
Launched in 2016, the Tri-Agency Workforce Initiative aims to develop a statewide workforce strategy which remains a driving force in the state’s labor market. It assesses local economic activity, examines workforce challenges and opportunities, and considers innovative approaches to meeting the state’s workforce goals.
49 Fortune 500 companies headquartered in state, including: