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I would say it is the leader in its region. But you are right. It's behind California. Texas could learn some things from California when it comes to innovation.
Innovation feeds itself. Brainpower is attracted to it. Brainpower then creates more innovation. It's self-sustaining. There are occasional corrections, but innovation is the lifeblood of sustainable growth.
The Texas methodology seems less so. It is the leader in that region, but it's success is built mainly on growth itself, not innovation. More people. More jobs. More money...but not at a pace that services can keep up with and it's spread out across a huge disconnected and competing area. When the music stops, you have to take a chair away from that model.
Downtown L.A. is NOT VIBRANT. I've visited. I'd easily prefer Houston's downtown. A great arts district, Baseball Stadium and Basketball arena. New park opened there three years ago to host events. L.A has L.A. Live on one side and Disney Center on the other end of downtown. It feels too spacey.
Exploits people in Houston? Hey, check out MEDIAN FAMILY INCOME in L.A. vs. Houston and then add in state income tax, gas prices and food charges and Houston comes out FAR more affordale.
Name a high profile TEXAS company that left Texas for California or opened a new large facility in California? I can't think of ONE. I can think of several California companies who came to Texas:
1. Fluor Engineering moved from Cali to Irving Texas
2. Apple new 45 acre campus in Austin
3. Toyota HQ leaving Torrance and already has a truck plant in Texas.
4. Largest publicly traded company in Sacramento moved to the Woodlands in 2012;
5. Hewlett Packard acquired EDS in Plano, Texas after buying Compaq in Houston. They have an internet unit in Austin so
they may have MORE workers in Texas than California!
I don't think anyone in CA is under the impression that they can coast on weather and beaches. But having the world media/entertainment capital and the world technology/software capital in the same state certainly helps. There's a reason that California is the 8th largest economy in the world while Texas is 14th, even with California's higher taxes, stricter regulation and much larger social safety net.
Your right but there have been many stories out there that in the past years California has been loosing a big chunk of it's entertainment income to places like Georgia, Louisiana, Austin, and others due to the fact that production costs are too high in CA. It would be interesting to see some numbers.
I would say it is the leader in its region. But you are right. It's behind California. Texas could learn some things from California when it comes to innovation.
Those companies in the energy corridor seem to be innovating some stuff. Its just not the high tech stuff you see everyday.
Name a high profile TEXAS company that left Texas for California or opened a new large facility in California? I can't think of ONE. I can think of several California companies who came to Texas:
1. Fluor Engineering moved from Cali to Irving Texas 2. Apple new 45 acre campus in Austin 3. Toyota HQ leaving Torrance and already has a truck plant in Texas.
4. Largest publicly traded company in Sacramento moved to the Woodlands in 2012;
5. Hewlett Packard acquired EDS in Plano, Texas after buying Compaq in Houston. They have an internet unit in Austin so
they may have MORE workers in Texas than California!
Apple is still based in California and I'm going to predict that has no chance of changing.
Downtown L.A. is NOT VIBRANT. I've visited. I'd easily prefer Houston's downtown. A great arts district, Baseball Stadium and Basketball arena. New park opened there three years ago to host events. L.A has L.A. Live on one side and Disney Center on the other end of downtown. It feels too spacey.
Exploits people in Houston? Hey, check out MEDIAN FAMILY INCOME in L.A. vs. Houston and then add in state income tax, gas prices and food charges and Houston comes out FAR more affordale.
Downtown Houston is smaller, less vibrant and significantly more "spacey" than DTLA.
Name a high profile TEXAS company that left Texas for California or opened a new large facility in California? I can't think of ONE. I can think of several California companies who came to Texas:
1. Fluor Engineering moved from Cali to Irving Texas
2. Apple new 45 acre campus in Austin
3. Toyota HQ leaving Torrance and already has a truck plant in Texas.
4. Largest publicly traded company in Sacramento moved to the Woodlands in 2012;
5. Hewlett Packard acquired EDS in Plano, Texas after buying Compaq in Houston. They have an internet unit in Austin so
they may have MORE workers in Texas than California!
You, like many other Texans, don't seem to get what 7x7 said don't you?
Sure some companies will relocate somewhere because it's cheaper. But what would you rather have? An economy that builds on constant innovation or one that builds on growth? California doesn't get much credit off of its vast and diverse economy that reinvents itself time and time again, sprouting new companies every year with many changing the world and pushing it forward as we speak. What one place anywhere, ANYWHERE can boast the magnitude of companies such as Apple, Intel, Cisco, Tesla, Linkedin, Netflix, Qualcomm, Google, Pixar, SpaceX, eBay, Yahoo, Nvidia, Symantec, Oracle, HP, Electronic Arts, Tivo, Twitter, Facebook, Adobe, AMD only to name a few? What one place anywhere, ANYWHERE can boast to be ground zero for new industries such as biotech, alternative energy, internet etc etc as well as being a world leader in space, agriculture, entertainment etc etc.? Imagine the # of jobs generated from these industries and companies without having to be poached from other states.
So yes, Toyota moved its HQ because it was cheaper. Intel will open a new factory in Arizona because it is cheaper. Some states will be lucky winning some of California's table scraps because it is cheaper. (Get the message?)
So which state's economy is more relevant in the future? Of course it's California. it has been for some time and will be in the distant future. The companies, the people and its ideas are constantly pushing the envelope with an eye towards the future. Texas' only claim to fame besides having the Dallas Cowboy cheerleaders is that it's a place that's affordable to live and work.
California's motto: The world's innovation capital
Your right but there have been many stories out there that in the past years California has been loosing a big chunk of it's entertainment income to places like Georgia, Louisiana, Austin, and others due to the fact that production costs are too high in CA. It would be interesting to see some numbers.
Regarding entertainment the only thing CA has lost is on-site filming. Other states like the ones you mentioned have provided generous incentives for filming in their state. But everything else remains in Los Angeles.
For example, a movie crew will film in New Orleans for a couple weeks to take advantage of their tax credits. But once all the filming is done everyone packs and heads for LA, where the studios are and where most of the crew lives.
Sorry, the Hollywood industry ain't goin anywhere.
Downtown L.A. is NOT VIBRANT. I've visited. I'd easily prefer Houston's downtown. A great arts district, Baseball Stadium and Basketball arena. New park opened there three years ago to host events. L.A has L.A. Live on one side and Disney Center on the other end of downtown. It feels too spacey.
Exploits people in Houston? Hey, check out MEDIAN FAMILY INCOME in L.A. vs. Houston and then add in state income tax, gas prices and food charges and Houston comes out FAR more affordale.
Makes fun of LA's Downtown, then talks up Houston's...... *facepalm*
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