Monthly Archives November 2019

Charles Schwab Moving San Francisco HQ to Texas

The brokerage firm Charles Schwab announced today it would acquire TD Ameritrade in a $26 billion deal and as part of the transaction Schwab will move its headquarters to the Dallas-Forth Worth area. The integration of the two firms is expected to take between 18 and 36 months, following the transaction’s close. The corporate headquarters of the combined firm will eventually relocate to Schwab’s new campus in Westlake, Texas, which is located in Denton and Tarrant Counties north of the cities of Fort Worth and Dallas. Both companies have a sizable presence in the area. Any additional real estate decisions
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$1 Billion Company Moving from Los Angeles area to Cody, Wyoming

Kanye West is moving Yeezy, his popular apparel and footware company, from Calabasas in Los Angeles County to Cody, Wyoming, which is located in the northwest corner of the state near Yellowstone National Park. According to a column in the Foundation for Economic Education, the headquarters of Yeezy, has already been moved to Cody (population: 9,828), and West said that all manufacturing is slated to happen there eventually. Apparently that’s accurate because Yeezy has begun hiring in the community. Although the news broke 13 days ago, on Nov. 8, I can find no coverage in the Los Angeles Times about the
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Companies Joining People in Fleeing California

PITTSBURGH (PRWEB) Nov. 20, 2019 – For once, government agencies agree on something – the Census Bureau, Internal Revenue Service and California’s Legislative Analyst’s Office have a common message – California is indeed losing population in big numbers. In short, within the last decade more than 1 million people left the state. However, no agency calculates the number of companies exiting California. To fill in the information void, a consulting firm, Spectrum Location Solutions, today issued new research estimating that about 660 California companies moved 765 facilities out of state in 2018 and thus far into 2019. While the news
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Thinking of Relocating Your Business to California? Don’t!

“Let me tell you: California is La La Lawsuit Land. It can be a very expensive place to conduct business, so my advice is to steer clear,” by H. Dennis Beaver, Esq., published today in Kiplinger.com. A company owner asked if he should stay back East and deal with cold weather or move to California even though costly lawsuits against businesses are rampant. Mr. Beaver’s response: I am embarrassed and horrified by what can only be described as a war on business enabled by my state’s legislature, and I am not a card-carrying, conservative Republican. Any company thinking of relocating
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