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These companies have a presence in lots of places. I have been inside numerous Google and Facebook offices all over the world. You fancy yourself special?
Peanuts. We lose and gain F500s all the time. The only loss that ever meant anything to me was Bank of America and that was through a merger.
The same was said in the 1950s, the 1980s, the 1990s, the 2000s, during the 2009 recession and now this popular narrative is here again.
What possesses so many people to hope for one area to fail so much?
LOL The Bay Area always suffers the most in every downturn-what else is new?
There are few staunch SF and Bay region boosters. But you keep threads endlessly going on boasting. It gains a opposite effect then you want after a certain in point.
These other posters definitely have points too. Best boasting point might be -- created in the Bay area and shared with the Nation. Mainly the South as Corporate America as a whole is steering it still to. More from the West coast it seems today, then from the North in general.
I'd rather see more Northern states get more if this sharing ..... sharing the relocations of these West Coast Tech sector firms. They certainly don't want all their might ..... just centered in one region any more. What if the BIG ONE happened.
These companies have a presence in lots of places. I have been inside numerous Google and Facebook offices all over the world. You fancy yourself special?
Yea, Apple has retail outlets everywhere. lol BUT Austin is their second largest office behind the mothership. They will have two campuses in Austin worth over 1.5 billion in capital PLUS the Mac Book factory. CEO Tim Cook has said Austin is its second largest.
Google and Facebook. Of course they have local offices but again outside of their HQs, Austin is the second largest global hub for each. So yea, I fancy Texas special.
Peanuts. We lose and gain F500s all the time. The only loss that ever meant anything to me was Bank of America and that was through a merger.
Peanuts, you don't lose and gain Fortune 500 companies all the time. List them of the last 30 years please like I showed Austin's relevance.
The same was said in the 1950s, the 1980s, the 1990s, the 2000s, during the 2009 recession and now this popular narrative is here again. This isn't a recurring popular narrative. Its more evident now for California and the Bay area in particular. That's not just my opinion but what was expressed earlier this week in the S.F Business Journal.
What possesses so many people to hope for one area to fail so much?
LOL The Bay Area always suffers the most in every downturn-what else is new?
This here isn't even true. Again based on what? Texas has had suffered too because of its ties to the Oil and Gas industry but diversification into other industries and changes in the tax structure have helped it recover.
This here isn't even true. Again based on what? Texas has had suffered too because of its ties to the Oil and Gas industry but diversification into other industries and changes in the tax structure have helped it recover.
Not to mention the Corporate Ames relocations it gets and provides incentives too. From California is big now. The flow from the North seems to finally be slowing.
But Texas Debt is up there with Northern States nevertheless.
Texas debt per person and debt to GDP ratio and Food Stamp recipients ..... is higher today then even Illinois. Yet Illinois gets called out as worst. Of course in population Texas is higher for ford stamp totals.
Phoenix is one of the lowest GDP metros given its population of any major metro. And one of the most sprawling. Phoenix has few redeeming qualities in terms of being a world class city.
My list.
1. New York (No other city like NYC in the USA).
2. Washington, D.C (It is BOOMING. And only going to increase with Amazon)
3. Chicago (A legacy city that can hold its own)
4. San Fran (Tech)
5. Philadelphia (The underdog that is a powerhouse. Southeast Pennsylvania ranks in the top 5 metros in wealth)
6. L.A (Many housing problems that are going to hold it back due to its auto reliance and lack of urban infrastructure)
7. Boston (A stuttgart that will hold its own, but housing cost will prevent crazy development)
8. Seattle (The continued rising star)
9. Atlanta (The south's rising star)
From there
10. Miami
11. Dallas
The rest of the sunbelt is just suburbs. And places like OKC/Omaha. Are flyovers.
Even Nashville is way overrated. It has a downtown that is one strip for the most part. Its hype is well overrated. As well as Austin and Portland.
Seattle won't rise enough because its not a big enough port city, too isolated in the PAC NW (which is why Amazon has sought additional hubs) and has insufficient economic diversification. Boston, yea housing costs are an issue as is weather, and low population growth for its region.
Atlanta's not a rising star. It's been a star for 30 years. Good weather, affordable, international transportation hub and economic diversity are favor the metro area.
But putting Dallas/Fort Worth behind MOST of these metro areas shows a lack of knowledge about what the area is. in the inland regions of the U.S. only Chicago can be considered greater due to its historic legacy and being a much older region.
Dallas is the financial capital of the Sun Belt - Comerica, Schwab/TD Ameritrade, Daimler Benz Credit, Nissan Motor Credit, Toyota Finance, Deloitte-Touche, GEICO Fidelity and Chase Bank's new 50 acre campus, Regional offices for all Federal Banking agencies are located in D/FW.
Its the fourth busiest air-hub in the US due to DFW, Love Field and Alliance Air Cargo complex.
Its the home of BNSF, American Airlines, and Southwest Airlines. It is also home to plants for Bell Helicopter, GM SUVs', Peterbilt Trucks and Lockheed Martin's fighter jet operations.
It's the biggest Telecom center in the U.S., home to AT&T, and Verizon's second biggest home.
Penny's, Frito Lay, Fossil watches, Sally's Beauty Supply, Dickies and Haggar Apparel, Neiman Marcus, and Snapple-Dr. Pepper are based in D/FW.
Six Flags Amusement Parks, the Professional Bowlers Association, the Boy Scouts of America, Pizza Hut, Chuck E. Cheese, TGIFs, Fuddruckers, Macaroni Grille, Corner Bakery chains are HQ in the Dallas area.
Mary Kay, Fluor Engineering, Exxon Mobil, Commercial Metals, Nextstar Media Group (largest owner of TV Stations in the country), Zales Jewelers, D.R. Horton (largest Home builder in the U.S.) and Greyhound Bus Company are based in D/FW. D/FW's significance continues to rise with global companies like Toyota moving its North American HQs (a 2 million sf. complex) in 2016 there.
Miami is an important market but mainly due to its Latin American ties where as D/FW's reach is much broader. Even Miami's air connections rely greatly on a D/FW based company - American which is the largest carrier to Latin America. This is why Boston, Atlanta, Seattle are a long way from rising to the level of a Chicago, L.A. or NYC but Dallas Fort Worth is not.
People think all this wealth and power just appeared out of thin air and it just happened to occur in the Bay Area? And we've never suffered a down economy? It's all champagne and caviar. LMAO Boy Bye.
We've lost a combined 700,000+ jobs during the past 2 recessions, each time, 10% of all jobs. But we roar back stronger than before.
As they say: You see my Glory, But you dont know my story.
Quote:
Texas has had suffered too because of its ties to the Oil and Gas industry but diversification into other industries and changes in the tax structure have helped it recover.
Who cares? I'm not impressed by poaching non-tech corporate headquarters' thru tax breaks.
Innovate and build global brands that disrupt the world from the ground up-then I'll take notice.
Again, this^ has absolutely nothing to do with what I said: The Bay Area has the 3rd largest economy but as far as relevance and importance, the Bay Area economy is probably 1st at this time...
Here are select areas by the number of companies HQed there among the 50 most valuable in the world as of 11/26/19
Bay Area: 12 of the Top 50 /$4.558 Trillion
$1174.3 Apple
$905.7 Google
$567.4 Facebook
$393.8 Visa
$260.9 Intel
$227.6 Wells Fargo
$222.7 Chevron
$192.2 Cisco
$185.5 Oracle
$149.0 Adobe
$142.5 Salesforce
$136.9 Netflix
New York: 9 of the Top 50:/ $2.231 Trillion
$413.0. JP Morgan Chase
$361.0 Johnson & Johnson
$288.6 Mastercard
$247.7 Verizon
$222.4 Merck
$211.9 Pfizer
$189.2 Pepsi
$164.7 Citigroup
$133.0 Bristol-Meyers Squibb
Chicago: 3 of the Top 50/ $507.4 Billion
$210.2 Boeing
$151.1 Abbott Laboratories
$146.1 McDonald's
Dallas: 2 of the Top 50/ $564.0 Billion
$290.8 Exxon Mobil
$273.2 AT&T
Los Angeles: 2 of the Top 50/ $412.6 Billion
$273.3 Walt Disney
$139.3 Amgen
This is a perfect example of what Im talking about. The Bay Area has a larger presence in market capitalization than anywhere else in the world. It's staggering for such a small area. Is this written in stone? No but I never said it is.
But that supports my statement.
Per VISUAL CAPITALIST: Might By US Metro Area (2017)
1. New York City 1.43 Trillion
2. Los Angeles 885 Billion
3. Chicago, IL 569 Billion
4. Dallas, Tex 471 Billion
5. Washington 449 Billion
6. Houston, Tex 442 Billion
7. San Francisco 406 Billion
8. Philadelphia 381 Billion
9. Boston, Mass 371 Billion
10. Atlanta, Ga 320 Billion
Per VISUAL CAPITALIST: Might By US Metro Area (2017)
1. New York City 1.43 Trillion
2. Los Angeles 885 Billion
3. Chicago, IL 569 Billion
4. Dallas, Tex 471 Billion
5. Washington 449 Billion
6. Houston, Tex 442 Billion
7. San Francisco 406 Billion
8. Philadelphia 381 Billion
9. Boston, Mass 371 Billion
10. Atlanta, Ga 320 Billion
That's the Metro Area GDP ranking from what looks like 7-8 years ago.
Not to mention the Corporate Ames relocations it gets and provides incentives too. From California is big now. The flow from the North seems to finally be slowing.
But Texas Debt is up there with Northern States nevertheless.
Texas debt per person and debt to GDP ratio and Food Stamp recipients ..... is higher today then even Illinois. Yet Illinois gets called out as worst. Of course in population Texas is higher for ford stamp totals.
You can compare it to other states from here too.
Just go to states debt clock and choose one.
By 2035, the U.S. will have a carbon tax, all federal income tax breaks for the fossil fuel industry will have been eliminated, the severance taxes which provide a significant portion of Texas state government revenues will have collapsed, and likely Texas will have an income tax comparable to northern states, if not higher than many to deal with the consequences of man-made climate change.
Atmospheric temperatures will be even warmer and more humid, and sea levels may be 1-2 feet higher.
Americans, especially Texans (think Ted Cruz), are far divorced from the reality of man-made climate change; an exception in Texas may be the persistent flooding in Greater Houston. Even in Congress, let alone the Trump administration, we lack an understanding of how temperatures have increased significantly in the cryosphere in the last decade and that ice melt now is beginning a rapid acceleration that also will result in rapid sea level rise, especially as the gigantic Antarctic glaciers begin calving. Here's a recent commentary from a Rice University (the premier private university in Houston and in Texas) fellow:
Given that 2020 Democratic Party Presidential candidates apparently all support some form of carbon tax, it's likely that man-made climate change will be a major political issue over the next year, unlike in 2016 and 2018. By 2024, it's likely that climate change will be a pressing issue, with Republican Party climate change denialism in severe retreat as Baby Boomers decline as an influence in American politics.
When will corporations and individuals begin to discount the future prospects of Texas?
As financial and environmental conditions become much more adverse in Texas, there will be a mass exodus of corporations as well as individuals. E.g., Ohio State in recent years has had excellent success recruiting top Texas football players, who often cite their dislike of high temperatures. Early morning football practices already are common in August in Texas. As climate change increasingly impacts Texas football, one of Texans' great loves, perhaps the recognition of the negative impacts of climate change will be accepted even in the Lone Star state.
Americans currently have very little knowledge of climate change-triggered feedback loops, such as methane releases due to thawing permafrost in the Arctic. See the discussion in post 118.
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Mainly the South as Corporate America as a whole is steering it still to. More from the West coast it seems today, then from the North in general. 
