How Texas is luring big businesses and billionaires away from California

TX – Texas is experiencing a major boom that began way before its power grid was decimated by February’s historic winter storm.  The Governor’s Economic Development and Tourism office said in September there’s been a “tremendous increase” in companies reaching out since the pandemic hit, with 237 relocation or expansion projects currently in the works.  Oracle moved its headquarters to Austin, Texas late last year. Tesla is also building its new Gigafactory there, and Apple will house its second-largest campus in Texas’ capital city. This Big Tech influx has raised chatter about Texas potentially becoming a business hub that could rival Silicon Valley.