#1,768- Businesses are moving OUT of Washington State at higher rate than any other state
News For Reasonable People
English - June 26, 2023 11:00 - 23 minutes - 16.7 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Approximately 9% of America’s corporations moved headquarters since the beginning of 2022, the highest rate since 2017, with most corporations moving to Florida, Texas, and Arizona.
The states that corporations were most likely to abandon were Washington, New York, and California.
“Florida had 86% more corporations move their HQ there, compared to the number of companies that chose to move their head office out of Florida — the highest net gain of any state,” according to Hire A Helper, who collected data from Securities and Exchange Commission filings.
Texas had a net gain of 71% while Arizona was 65%.
Washington had 83% more companies leaving it than moving in, including media company Arena Group, and Clearsign Technologies, a developer of emission control solutions.
New York, -51%, and California, -46%, ranked second and third among the states that lost the most corporate headquarters, respectively.
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