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Old 02-04-2021, 10:34 AM
 
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For whatever reasons some people become emotional about this topic.



https://www.dallasnews.com/business/...nia-to-dallas/
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Old 02-04-2021, 10:43 AM
 
Location: San Diego CA>Tijuana, BC>San Antonio, TX
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Paid article I can't access.
What's the gist of it?
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Old 02-04-2021, 10:44 AM
 
Location: Houston/Austin, TX
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It’s because they only look at the immediate picture. Even the Corporate relocations that only create “15 immediate jobs” still employ a lot more in the long run.
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Old 02-04-2021, 11:04 AM
 
Location: Houston
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Quote:
Originally Posted by ParaguaneroSwag View Post
It’s because they only look at the immediate picture. Even the Corporate relocations that only create “15 immediate jobs” still employ a lot more in the long run.
I don't think that is necessarily true. Look at ExxonMobil in DFW. OK, maybe an unusual case, but still. A corporate relocation in a growth industry will generate more jobs in the long run might be a better way to put it.
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Old 02-04-2021, 12:44 PM
 
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Originally Posted by LocalPlanner View Post
I don't think that is necessarily true. Look at ExxonMobil in DFW. OK, maybe an unusual case, but still. A corporate relocation in a growth industry will generate more jobs in the long run might be a better way to put it.
I take your point but that does not mean ExxonMobil has been anything but great for Irving.
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Old 02-04-2021, 12:47 PM
 
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Quote:
Originally Posted by malcorub16 View Post
Paid article I can't access.
What's the gist of it?
1. Supply chain related IT company moves from SF to Dallas.
2. Company then wins $60MM funding round from Goldman Sachs
3. With that cash, in part, company will find new space, ramp up hiring etc.
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Old 02-04-2021, 12:49 PM
 
Location: Houston/Austin, TX
9,855 posts, read 6,570,632 times
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Quote:
Originally Posted by LocalPlanner View Post
I don't think that is necessarily true. Look at ExxonMobil in DFW. OK, maybe an unusual case, but still. A corporate relocation in a growth industry will generate more jobs in the long run might be a better way to put it.
I don't think that's the scenario OP is describing. Exxon has been based in Irving since the 80s. At the time it made this move, it did bring in a lot of the jobs so this also showed a net positive.

To fit what OP is describing you have to look at CBRE, HPE, Charles Schwab and Oracle for point reference. None bring "immediate" net growth in jobs because they all already had a large campus of some king, but from what I'm seeing, all have already ramped up investments in their new homes which create jobs.
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Old 02-04-2021, 02:13 PM
 
Location: Houston
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Quote:
Originally Posted by ParaguaneroSwag View Post
I don't think that's the scenario OP is describing. Exxon has been based in Irving since the 80s. At the time it made this move, it did bring in a lot of the jobs so this also showed a net positive.

To fit what OP is describing you have to look at CBRE, HPE, Charles Schwab and Oracle for point reference. None bring "immediate" net growth in jobs because they all already had a large campus of some king, but from what I'm seeing, all have already ramped up investments in their new homes which create jobs.
Because they see growth opportunities in their industry. This is a good thing.

In contrast, say an oil and gas firm relocates from Midland to Houston (which has happened recently). They bring a few jobs initially. But would I expect them to generate a bunch more jobs over the long term in Houston? Because of the industry they're in, no.
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Old 02-04-2021, 02:16 PM
 
Location: Houston
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Quote:
Originally Posted by EDS_ View Post
I take your point but that does not mean ExxonMobil has been anything but great for Irving.
No question, it brought some prestige and a group of very high-paying jobs back at that time. And the company is a little unusual in its split between its HQ and its primary workforce location. So not the best example on my part.

I would be curious if the Boeing HQ relocation from several years ago has resulted in long term job growth to Chicago.
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Old 02-04-2021, 02:24 PM
 
Location: Houston/Austin, TX
9,855 posts, read 6,570,632 times
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Quote:
Originally Posted by LocalPlanner View Post
Because they see growth opportunities in their industry. This is a good thing.

In contrast, say an oil and gas firm relocates from Midland to Houston (which has happened recently). They bring a few jobs initially. But would I expect them to generate a bunch more jobs over the long term in Houston? Because of the industry they're in, no.
Even then it depends. Airlines are pretty bad right now and Xtra Airways Relocated to Houston to form a new start up and are actively hiring hundreds. Murphy moved to Houston last year and had an immediate net of around 100. Sure, that is not always the case. Nor are headquarters the only way to add corporate employment. Otherwise often wouldn’t be so great. But it is safe to say corporate move bringing employment regardless of the industry.

The next growth of jobs has more to do with the direction that the company is going in rather than the industry.
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