Dallas Claiming Thousands of California Jobs

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iamjacobm
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Dallas Claiming Thousands of California Jobs

Postby iamjacobm » Fri May 02, 2014 10:27 am

http://www.dallasnews.com/business/autos-latest-news/20140427-toyota-to-move-u.s.-headquarters-to-plano-sources-say.ece

Worldwide automotive giant Toyota plans to move a significant portion of its U.S. headquarters from California to West Plano.
The company is negotiating to buy an office site in Legacy business park, where it would locate more than 4,000 workers.
The manufacturer has been in talks for months with property owners and developers in Plano, real estate brokers familiar with the project say.


http://www.bizjournals.com/dallas/news/2014/05/01/charles-schwab-one-of-many-large-companies-eyeing.html

San Francisco-based Charles Schwab is one of a number of large companies eyeing Dallas-Fort Worth for possible expansion on the heels of Toyota Motor Co.'s decision to relocate its North American headquarters to the region.

In February, the Dallas Business Journal initially wrote about Charles Schwab's decision to move a "significant number of San Francisco-based jobs" to Texas and other locations in the next three to five years.


And others:
Charles Schwab is one of a number of large companies on a list of firms eyeing North Texas, which includes Google, Caterpillar and TD Ameritrade, said John Crawford, president and CEO of Downtown Dallas Inc.

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Re: Dallas Claiming Thousands of California Jobs

Postby iamjacobm » Fri May 02, 2014 10:29 am

That kind of job growth is almost hard to grasp. Companies sure do like Dallas.

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Re: Dallas Claiming Thousands of California Jobs

Postby Brad » Fri May 02, 2014 10:34 am

Why would TD Ameritrade be on that list? Or were they looking there before they built their new tower here.
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Re: Dallas Claiming Thousands of California Jobs

Postby iamjacobm » Fri May 02, 2014 10:39 am

Brad wrote:Why would TD Ameritrade be on that list?  Or were they looking there before they built their new tower here.


They have pretty major office presences in places from San Diego to Ft. Worth to New Jersey.

http://careers.tdameritrade.com/about-us/locations/

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Re: Dallas Claiming Thousands of California Jobs

Postby HR Paperstacks » Fri May 02, 2014 12:30 pm

Brad wrote:Why would TD Ameritrade be on that list?  Or were they looking there before they built their new tower here.

I haven't heard anything, but I know the office space in FW is cramped. I wouldn't be surprised if they expanded some. But nothing to the level of what they have here.

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Re: Dallas Claiming Thousands of California Jobs

Postby Uffda » Sat May 03, 2014 8:08 am

Saw this the other day

Boom Time in Texas: Jobs, Traffic, Water Worries
As Economy Prospers, State Copes With Crowded Highways, Strained Water Supplies


http://online.wsj.com/news/articles/SB1 ... 2328227544" onclick="window.open(this.href);return false;

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Re: Dallas Claiming Thousands of California Jobs

Postby NovakOmaha » Sat May 03, 2014 9:37 pm

iamjacobm wrote:That kind of job growth is almost hard to grasp.  Companies sure do like Dallas.


Toyota got $40 million in incentives from Tejas. A straight bribe. Colors one's thinking. From personal experience states love to throw money at jobs. Money, job training, tax abatement, rent....heck, play your cards right & you don't pay for dinner for years.

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Re: Dallas Claiming Thousands of California Jobs

Postby Linkin5 » Sat May 03, 2014 9:59 pm

I saw an article that Texas is trying to get Sriracha to relocate to Texas as well because the current area they are in neighbors are complaining about the strong pepper fumes.

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Re: Dallas Claiming Thousands of California Jobs

Postby Garrett » Sun May 04, 2014 1:45 am

Linkin5 wrote:I saw an article that Texas is trying to get Sriracha to relocate to Texas as well because the current area they are in neighbors are complaining about the strong pepper fumes.


So basically the industrial area they're located in is gentrifying and the yuppies are surprised when the area around a Sriracha factory smells like peppers?
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Re: Dallas Claiming Thousands of California Jobs

Postby RNcyanide » Sun May 04, 2014 1:31 pm

Linkin5 wrote:I saw an article that Texas is trying to get Sriracha to relocate to Texas as well because the current area they are in neighbors are complaining about the strong pepper fumes.


California to Texas??
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Re: Dallas Claiming Thousands of California Jobs

Postby Coyote » Mon May 05, 2014 10:29 am

Texas has a craving for hot-sauce company

So it was pretty much a no-brainer for state Rep. Jason Villalba when he learned that the makers of the popular Sriracha hot sauce are having problems in California, where officials believe production of the spicy liquid is too pungent and may declare it a public nuisance.

He reached out to the people at Huy Fong Foods to let them know that their fierce red sauce — one of the top-selling condiments in the U.S. — would be a perfect fit for Texas. Now he and other officials are gearing up to head to California next week to make a formal pitch for the move.
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Re: Dallas Claiming Thousands of California Jobs

Postby Coyote » Mon May 05, 2014 10:33 am

From the same article:

Welcome to Texas, partner!

For years, Gov. Rick Perry has traveled the country, preaching a message of low taxes, smart regulations and job creation, hoping to lure residents and businesses to Texas.

Since 2000, when Perry first became governor, more than 100 California companies have moved to Texas — relocating their headquarters, expanding their business or doing a partial relocation.

Among those companies:

• Diodes Inc., which brought 100 jobs to Dallas in 2004
• Grifols USA, which brought 100 jobs to San Marcos in 2009
• LegalZoom.com, which brought 600 jobs to Austin in 2010
• Chevron Corp., which brought 1,752 jobs to Houston in 2013
• Flextronics/Motorola Mobility, which brought 2,000 jobs to Fort Worth in 2013
• MonkeySports, which announced this year that it’s bringing 225 jobs to Allen

A sampling of non-California businesses that chose to come to Texas:

• Toyota Motor North America recently announced that it is moving its headquarters to Plano, bringing a more than $300 million capital investment and a plan to employ nearly 4,000 people.
• Borusan Mannesmann Pipe announced last year that it will expand its manufacturing operations to the U.S. with a steel pipe plant in Baytown, creating 250 jobs and bringing $148 million in capital investment.
James Skinner Baking Co., based in Omaha, Neb., announced in 2012 that it would buy the former Sara Lee bakery in Paris and spend $25 million on upgrades. With the move came 393 jobs.
Sources: Governor’s Office of Economic Development and Tourism, Star-Telegram research
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Re: Dallas Claiming Thousands of California Jobs

Postby TitosBuritoBarn » Mon May 05, 2014 11:15 am

Where are those 393 Skinner jobs coming from?
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Re: Dallas Claiming Thousands of California Jobs

Postby Brad » Mon May 05, 2014 11:33 am

TitosBuritoBarn wrote:Where are those 393 Skinner jobs coming from?


Remember with the new sewer fees, Skinner said they were going to leave Omaha. Last I heard they were going to talk, but I never head how that ended up.
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Re: Dallas Claiming Thousands of California Jobs

Postby iamjacobm » Sat May 17, 2014 3:13 pm

Another:

http://www.bizjournals.com/dallas/news/2014/05/15/cargo-carrier-ameriflight-to-relocate-hq.html

Chalk up another corporate relocation for Dallas-Fort Worth at California's expense.
Amerflight LLC announced Thursday that it will relocate its headquarters and flight and maintenance operations from Bob Hope Airport in Burbank, California, to Dallas/Fort Worth International Airport.
The company has 600 employees and 170-plane fleet make it the largest U.S. FAR Part 135 air cargo carrier, the company said in a release. Not all the employees will relocate to D/FW Airport, as many are stationed at the company's 17 bases around the country.

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Re: Dallas Claiming Thousands of California Jobs

Postby iamjacobm » Fri Jul 04, 2014 2:38 pm

Two more:

http://www.dallasnews.com/business/headlines/20140703-software-company-bringing-1000-jobs-to-dallas.ece

A San Diego software company is looking to make Dallas its new home.

Active Network said Thursday that it will relocate its corporate headquarters to downtown Dallas, generating 1,000 jobs.


http://www.dallasnews.com/business/commercial-real-estate/headlines/20140211-california-tech-firm-could-relocate-up-to-1000-jobs-to-dallas-in-biggest-move-since-comerica.ece

A deal in the works could bring up to 1,000 new jobs to Dallas and save a troubled downtown skyscraper.

The KPMG Centre office tower has been owned by lenders since 2012 and is being sold to an Austin investor, World Class Capital Group.

As part of the pending transaction, the new owners are negotiating with a California-based company, Omnitracs LLC, that is looking to relocate major operations to Texas.

San Diego-based Omnitracs is one of several companies owned by Austin-based investor Vista Equity Partners that would move offices into the KPMG tower, real estate brokers say.

The deal could involve as much as 300,000 square feet of office space and would be the largest out-of-state move to downtown Dallas since Comerica Bank relocated in 2006.


Pretty insane stuff.

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Re: Dallas Claiming Thousands of California Jobs

Postby Bosco55David » Tue Sep 02, 2014 5:19 pm

NovakOmaha wrote:
iamjacobm wrote:That kind of job growth is almost hard to grasp.  Companies sure do like Dallas.


Toyota got $40 million in incentives from Tejas.  A straight bribe.  Colors one's thinking.  From personal experience states love to throw money at jobs.  Money, job training, tax abatement, rent....heck, play your cards right & you don't pay for dinner for years.


Texas also has extremely favorable laws and tort limits for businesses that are incorporated there. With the exception of debt collection laws, the laws in Texas are stacked very much in favor of big business rather than the consumer.

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Re: Dallas Claiming Thousands of California Jobs

Postby guitarguy » Tue Sep 02, 2014 6:07 pm

But doesn't that end up creating jobs?
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Re: Dallas Claiming Thousands of California Jobs

Postby iamjacobm » Tue Oct 25, 2016 10:27 am

Another Fortune 500 moving HQ from Cali to Dallas.

http://www.bizjournals.com/dallas/news/2016/10/24/jacobs-engineering-global-hq-dallas-california.html

Jacobs Engineering Group Inc. (NYSE: JEC) has been in the works to move its global headquarters from Pasadena, California to downtown Dallas for months, and now it's official.

The engineering firm plans to expand its footprint in Dallas' central business district to accommodate the relocation. In all, North Texas will employ more than 700 Jacobs workers in Dallas and Fort Worth.

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Re: Dallas Claiming Thousands of California Jobs

Postby iamjacobm » Tue Nov 22, 2016 9:36 am

Even the seemingly prettiest of roses still has its thorns.

http://www.nytimes.com/2016/11/21/business/dealbook/dallas-pension-debt-threat-of-bankruptcy.html

Picture the next major American city to go bankrupt. What springs to mind? Probably not the swagger and sprawl of Dallas.

But there was Dallas’s mayor, Michael S. Rawlings, testifying this month to a state oversight board that his city appeared to be “walking into the fan blades” of municipal bankruptcy.

“It is horribly ironic,” he said.

Indeed. Dallas has the fastest economic growth of the nation’s 13 largest cities. Its streets hum with supersize cars and its skyline bristles with cranes. Its mayor is a former chief executive of Pizza Hut. Hundreds of multinational corporations have chosen Dallas for their headquarters, most recently Jacobs Engineering, which is moving to low-tax Texas from pricey Pasadena, Calif.

But under its glittering surface, Dallas has a problem that could bring it to its knees, and that could be an early test of America’s postelection commitment to safe streets and tax relief: The city’s pension fund for its police officers and firefighters is near collapse and seeking an immense bailout.

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Re: Dallas Claiming Thousands of California Jobs

Postby RockHarbor » Wed Feb 15, 2017 9:44 pm

Doesn't surprise me.


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