Spring - Klein Edition | March 2026

State

BY HANNAH NORTON

300-plus HQs move to Texas in 9 years

Put in perspective

Texas oers various grants, tax breaks and other nancial incentives to businesses based in the state. Since 2024, Texas has invested nearly $400 million in semiconductor projects across the state under the Texas Semiconductor Innovation Fund, according to previous Community Impact reporting. Manufacturing, research and development companies can apply for an up to 75% reduction in the taxes they pay to local school districts under the state’s Jobs, Energy, Technology and Innovation program. Houston-based NRG Energy moved forward with a natural gas power plant project in mid-February after being granted a tax break under the JETI program, Community Impact reported.

Texas attracts dozens of company headquarters to the state annually, with at least 314 businesses moving their main oces to Texas from other states between 2015- 2024, data from the governor’s oce shows. Chevron, an oil and gas company, moved its home base from northern California to Houston last year, citing a need to “enable better collaboration and engagement” with its employees and business partners. Caterpillar Inc., which manufactures construction and mining equipment, moved to Irving from Illinois in 2022, which then-CEO Jim Umpleby said would “support Caterpillar’s strategy for protable growth.” The Lone Star State saw the largest inux of companies in 2021, with 79 businesses relocating to Texas that year, per state data.

Among those companies was Tesla, with CEO Elon Musk citing housing prices and a lack of space as driving factors in the company’s 2021 move from California to Austin. State ocials and experts said Texas’ economic incentives and light regulatory environment are key reasons why companies brought their operations to the state. “Texas wants companies to move here, and [company leaders] know that,” Megan Mauro, interim president and CEO of the Texas Association of Business, told Community Impact . “Our legislative policy is really impacted by the voices of employers here.” The Texas Economic Development & Tourism Oce was still compiling 2025 relocation data as of press time, a spokesperson said.

Mapping the growth At least 24 companies moved their headquarters to Texas in 2024, with more than half landing in the Dallas-Fort Worth region.

One more thing

X Number of relocations from each state Where companies moved from

In November, voters amended the Texas Constitution to raise a tax exemption on businesses’ personal property, such as equipment and vehicles, from $2,500 to $125,000. This could save the average small- business owner up to $3,500 per year, Community Impact reported. “[Businesses] need to know that the [state] they’re going into is not … going to be imposing more taxes and regulations that make it more dicult to operate,” Gov. Greg Abbott said during a March 2 news conference.

CT 1 MA 2

NC 1 VA 1 NJ 1

A Dallas-Fort Worth: 15 relocations

B Austin: 6 relocations C Houston: 2 relocations D San Antonio: 1 relocation

FL 1

NOTE: TWO COMPANY RELOCATIONS FROM CANADA AND THE UNITED KINGDOM ARE NOT SHOWN ON THE U.S. MAP.

SOURCE: TEXAS ECONOMIC DEVELOPMENT & TOURISM OFFICECOMMUNITY IMPACT

SPRING KLEIN EDITION