(JUST THE NEWS) – As the exodus from California continues, Texas sees the most businesses relocating from California, a new Stanford University study shows.
Texas is beating every other state as a destination for California companies by a ratio of 4:1, according to the study by McKinney-based Spectrum Location Solutions and Stanford University’s Hoover Institution.
California company headquarter exits have more than doubled in 2021, study authors Joseph Vranich and Lee Ohanian write, noting, “Every month in 2021, twice as many companies are relocating their headquarters as in the prior year.”
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