“Businesses aren’t just chasing lower taxes — they’re chasing certainty, clarity, and competitive environments,” noted economic strategist Daniel Murdoch.
As California grapples with housing crises, labor disputes, and rising crime, Texas is seeing population growth of 1.6% (compared to California’s 0.3% decline from 2021–2022), demonstrating a broader migration of people and capital.
For more, read the official announcement from Gov. Abbott’s office and the MSN news article.