Texas ranks first in U.S. for jobs gained through business relocation (Chron)

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    Texas ranks first in U.S. for jobs gained through business relocation – By Katharine Jose (Chron) / Feb 3, 2024

    A new study from the Federal Reserve Bank of Dallas also says that more of those jobs came from California than any other state.

    Texas ranks first among U.S. states in the net number of jobs gained through business relocation, according to a new report from the Federal Reserve Bank of Dallas.

    Last on that list was California.

    The Lone Star State welcomed more than 25,000 businesses from other states between 2010 and 2019, while losing only about 18,000, which resulted in more than 100,000 additional jobs. California, on the other hand, lost closer to net 150,000 jobs due to business relocation in the same period, making it the largest net exporter of jobs. More than 44,000 of those jobs went to Texas specifically, which sent fewer than 15,000 jobs to California, leaving a net gain for Texas of 29,700 jobs from the Golden State.

    In other words, 16 percent of the jobs Texas gained during those years came from California, more than any other state.

    CONTINUE > https://www.chron.com/news/houston-texas/article/texas-gained-jobs-california-state-18646048.php

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