Page 14 - NBIZ Magazine February 2024

HANG YOUR

HAT IN TEXAS:

State Remains a Leader in

Firm Relocations

By Pia Orrenius, Ana Pranger, Madeline Zavodny, and Oscar Parra

aves of business relocations to Texas continued to make the state a
top destination from 2010 to 2019 per the National Establishment
Time Series data. While large corporate moves typically grab the
Wheadlines, the average establishment size of all
in-migrating businesses was about eleven workers. The Dallas
and Houston metros were the top destinations. Professional
and business services jobs accounted for about 30 percent of
positions at in-migrating firms.
When companies are on the move, many head to Texas.
Among the attributes driving this migration are relatively
low taxes and light regulation, as well as high growth and a
relatively low cost of living.
Recently released data through 2019 shows Texas
remains a juggernaut: a leader for business relocations.
And while figures covering the subsequent pandemic era
and beyond are incomplete, anecdotal evidence suggests
Texas remains a go-to spot.

14 NBIZ ■ FEBRUARY 2024