Many California corporations have moved to Texas. These include HP, Oracle, Tesla and Charles Schwab. It turns out many companies like less regulations.
Oracle didn’t move its entire workforce, but it’s inaccurate to say it was “in name only”. Oracle spent hundreds of millions of dollars building a massive office campus near downtown Austin that reportedly has space for 10,000 employees.
I’m curious what other companies you’re thinking of when you say “like many others”, because all of the ones I can think of have moved significant parts of their operations to Texas.
It seems mostly like companies like to start elsewhere. Once they become established, they like fewer regulations to keep taxes low and throttle competition.
I just wish Texas cared about individual freedom as much as they do corporate freedom.