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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!
That is because Californians don't care about Texas, it isn't on their radar. A Texas company moving or expanding in CA doesn't make headlines. Texans go all crazy in jubilation everytime a Burger Kings moves from Cali. Companies moving between TX and CA and vice versa both make up a meaninglessly small % of companies.
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.
Stories are what people cling to: look this one tech company moves SO IT MUST BE THAT SILICON VALLEY IS FALLING APART AND GOING TO TEXAS. That is how this goes. A great quote comes to mind.
"It is always romantic to prophesize the downfall of giants."
I know I'm new, and I probably shouldn't be posting on this forum, but I'm tired of the non-stop bickering. I live in California, but I understand both arguments. First of all, people from both sides have predisposed opinions of each other. I have been to Texas, and it's not the stinking dump inhabited by rednecks that many of my fellow Californians believe. It's actually pretty nice there: the people are friendly, the weather is nice (during the spring), and many cities there, such as Austin, remind me of home. That said, California is not a bankrupt, insanely expensive trap that some of the Texans believe. I know that a bunch of Californians are moving to Texas, but not in huge droves as some people claim. In the short run, I believe that Texas will catch up to California in terms of population growth and economy, but in the long run, California will fare better as new technology and new forms of energy are being harnessed. Let's all stop arguing and acknowledge the merits of the other side
I know I'm new, and I probably shouldn't be posting on this forum, but I'm tired of the non-stop bickering. I live in California, but I understand both arguments. First of all, people from both sides have predisposed opinions of each other. I have been to Texas, and it's not the stinking dump inhabited by rednecks that many of my fellow Californians believe. It's actually pretty nice there: the people are friendly, the weather is nice (during the spring), and many cities there, such as Austin, remind me of home. That said, California is not a bankrupt, insanely expensive trap that some of the Texans believe. I know that a bunch of Californians are moving to Texas, but not in huge droves as some people claim. In the short run, I believe that Texas will catch up to California in terms of population growth and economy, but in the long run, California will fare better as new technology and new forms of energy are being harnessed. Let's all stop arguing and acknowledge the merits of the other side
But California has a 12 million person lead on Texas, and a $700 billion dollar GDP gap. The population gap went from 12.8 to 12.2 million in 10 years, while the GDP gap only became wider.
But California has a 12 million person lead on Texas, and a $700 billion dollar GDP gap. The population gap went from 12.8 to 12.2 million in 10 years, while the GDP gap only became wider.
There's still a long way to go!
And not only that. . . this was during a timespan when Texas was supposedly riding a sky high economic expansion and California was stuck in the doldrums of the Great Recession.
Honestly, I'm fine with that. As my fellow Californians keep mentioning, CA is quite good at innovating, and the state will continue to crack out startups, some of which will become the next Tesla, Google, or Facebook. And at the end of the day we're all Americans, and I think we can all be proud that an innovative American car company is kicking serious butt, and that for the first time in a long time Japan and Germany are playing catch up to us in an automotive technology.
Texas needs the research universities to compete with California when it comes to innovation, and right now there is no contest when it comes to comparing the top research schools in each state.
You take Stanford, Cal, UCLA, Cal Tech, USC, the rest of the entire UC system and compare it with UT, A&M, and....?????
As long as Texas' main priority is being the "cheapest and least tax-iest state in all the land", Texas will never compete with CA as the incubator and launcher of innovative companies.
You do understand that USC and Stanford are private universities that have nothing to do with state governance?
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