Economy
Related: About this forumCalifornia: Jacobs Engineering plans to move jobs from Pasadena to Texas
Natalie Kitroeff
June 6, 2016, 7:46 PM
Jacobs Engineering Group, one of the worlds largest engineering companies, is preparing to move employees from its Pasadena headquarters to Dallas, becoming the latest major corporation to relocate significant operations from California to Texas. ... The Fortune 500 firm, founded in Pasadena more than half a century ago, already has 300 employees in downtown Dallas and is weighing a more significant relocation. Mendi Head, a spokeswoman for the firm, confirmed the plans in an interview Monday.
In an email statement, Head wrote that Jacobs is considering plans to move a portion of its corporate functions from its Pasadena location to Dallas later this year, pending a successful real estate process and final approvals for state and local economic development investments. ... The company will keep some employees in its Pasadena office, Head wrote.
....
No doubt there is a trend. Texas has been the number one destination every year for the last eight years for California companies, said Joe Vranich, the owner of Spectrum Location Solutions, a consultant for companies considering cross-state moves.
In January, Vranich released a study showing that 1,669 companies had left California since 2007, with Texas receiving the largest number. He estimates that many more companies actually departed, but the moves werent publicly reported. ... Despite the moves, California added 450,200 jobs over the last 12 months, whereas Texas added 189,600 jobs.
Natalie.Kitroeff@latimes.com
Follow me @NatalieKitro on Twitter
Ilsa
(61,675 posts)forest444
(5,902 posts)My job was relocated from Orange County, CA, to the Fort Worth area about a decade ago.
After a year of putting up with stultifying humid heat, sky-high utility bills, almost nothing to do, the "Texas treatment" (local co-workers and supervisors who used implied threats about your job security to pressure you into throwing money at some relative of theirs), and good ole boy bosses who liked to refer to employees as ants, I quit and moved back.
(oh, and forget about buying a home: property taxes are 2.6%, and they never really go up in value)
The good people. I certainly missed - and there were many.
Punx
(446 posts)Having lived in Pasadena for several years, I have no idea why anyone would want to live in Dallas. My guess is the CEO's taxes are going down as a result.