The long-term exodus of companies from California to Texas continued with the relocation of headquarters in 2023.
Of the 19 high-profile corporate headquarters moves in Dallas-Fort Worth this year, 11 involved companies relocating from the Golden State to the Lone Star State.
But the year's biggest corporate relocation was as multibillion-dollar companies left the East Coast for more modern offices in Dallas' Uptown district.
Connecticut-based Frontier Communications moved its headquarters to McKinney Street in September and pledged to create up to 3,000 new jobs in Texas over the next 10 years. Cable and Internet providers chose Dallas over competing cities such as Tampa.
With 2022 sales of just under $5.8 billion, Frontier is one of the 30 largest publicly traded companies based in D-FW.
Food manufacturing and technology companies have been the most prominent movers from California to North Texas this year.
In May, Cacique Foods moved its headquarters from Monrovia, California to Irving. The company, one of the leading Mexican food brands, said it wants to deepen its ties to Texas and better serve its customers with a centralized location.
Cacique is a leader in a multi-billion dollar food category, with at least one product sold in 80% of grocery stores nationwide. The food manufacturer known for Mexican-style cheese, crema and chorizo also opened a new dairy processing facility in Amarillo.
Last year, Mexican frozen food maker Luis Food Products established Frisco as a joint headquarters with an office in Dinuba, California. The family-owned company, which has been in business for more than 50 years, made its Hall Park office its sole corporate location this year, leaving its California office as a manufacturing facility. Ruiz makes frozen burritos, taquitos, enchiladas and tamales under the El Monterey and Tornados brand names for grocery stores in the United States and Canada.
The direct sales company, which sells $1,500 cooking appliances, announced in August that it would move its headquarters from Thousand Oaks, Calif., to Dallas by the end of this year. A Thermomix sales consultant will host a home cooking experience to demonstrate his signature TM6 Wi-Fi connected appliance, with 28 features and access to over 80,000 guided recipes.
In March, another food company quietly moved from Davis, Calif. to Dallas. Arcadia Biosciences, a publicly traded company that currently produces plant-based food, drink and body care products, has established a new home on Sherry Lane.
The company's brands include GoodWheat pasta, pancake mix, and Zola coconut water.
“Over the past three years, Arcadia has transitioned from an R&D-focused biotechnology company to a vertically integrated consumer packaged goods company that leverages our unique innovations in agricultural products to manufacture and sell next-generation food and beverage products. We’ve transformed,” said CEO Stan Jacot.He said dallas morning news on mail.
During that transition, Arcadia became a virtual company with employees located throughout the United States.
“We chose Dallas as the location for our headquarters because of its central location, easy in- and out-of-town travel options, and business-friendly climate,” said the former Mission Foods and Washington said Jacot, who previously held executive positions in Washington state.Borden Dairy Co., Ltd.
Arcadia held an initial public offering in 2015, raising approximately $68 million. In 2022, his revenue amounted to just under $10 million.
Food companies weren't the only transplants to California.
Technology companies Inbenta, Informativ, and McAfee have also made D-FW their hub. His Inbenta, an international artificial intelligence company, has moved its headquarters from the San Francisco area to an office tower on Route 75 in Allen. Informativ, formerly Credit Bureau Connection, based in Fresno, California, has moved its headquarters to Frisco and rebranded. The lead generation and credit reporting company, which serves auto dealers and lenders, is backed by a Houston-based private equity firm.
McAfee, a California-based global company specializing in online security software, opened its regional headquarters in Frisco in July. The company has approximately 220 employees working in finance, accounting, product revenue, technology services, marketing and customer service.
Other companies that have expanded to the West Coast this year include Kelly Moore Paint Company, home builder Landsea Homes and military eyewear maker Wiley-X.
Kelly-Moore Paint Co. has moved its headquarters from the San Francisco area to Irving's Las Colinas business district. The company opened a manufacturing facility in Hurst, North Texas, more than five years ago.
With annual sales of approximately $400 million and more than 1,200 employees, Kelly-Moore sells its products in 157 stores in California, Nevada, Oklahoma and Texas. It competes with paint giants such as Sherwin-Williams, which has sales of more than $22 billion, and Benjamin Moore, which has sales of more than $1 billion.
California transplants are among at least 237 companies that have exited the state since 2005, many citing the state's regulatory and tax environment, according to a tally by the California Policy Center. . More than half moved to Texas.
Three other notable moves did not involve California.
Fisher Investments has upped its stake in Washington and made Plano its new corporate headquarters following a March court ruling upholding the constitutionality of capital gains taxes on the state's wealthiest residents.
Founded in 1979 by investment guru Ken Fisher, the company has more than 1,200 employees in Dallas-Fort Worth and more than 4,200 in the United States.
Allen's new 14-acre Prodigy Park is home to the new U.S. headquarters for Mexico-based nutritional products and supplements company Omnilife.
And Mr. Irving acquired the western headquarters of Westshore Home, a fast-growing home improvement company. The 80,000-square-foot headquarters in the Las Colinas area will be home to all of the company's operations west of the Mississippi River.
Founded in 2006 as a local home remodeling company based in Mechanicsburg, Pennsylvania, West Shore Home has expanded to 36 locations in 17 states, five of which have been in the past two years. Did. The company is best known for promising to install new showers, bathtubs, windows and doors in one day.
