Toyota moving to Texas

NEW -> Contingent Buyer Assistance Program
morekaos said:
All you hear about are the rare startup successes. 99.999% fail in the first year. Ask anyone who started a business in this state and they will tell you, almost without exception, if they had it to do over again, they would have done it in another state. 
i trust what people do not what they say...

california is consistently #1 or close to it for startup activity (https://www.kauffman.org/wp-content/uploads/2019/09/2017_Kauffman_Index_Startup_Activity_State_Report_Final.pdf)

tax-friendly states like texas and arizona are up there too.  but that just proves my point further.  california stays on top *despite* competitors actively trying to poach startup activity with low/zero taxes and reduced regulation.  so it must be an even better environment to outweigh the tax disadvantages.
 
Uhhh?that report is over five years old?much has changed in half a decade since 2016. None of those numbers are the same in 2021
 
Old facts are not as good as new facts. If the number bolsters your argument then by all means use it. ;D ;D >:D
 
It's funny because I grew up on the east coast hearing the same things about commiefornia on the verge of collapsing any day now. Doesn't seem to have happened yet. When I graduated I had my choice of anywhere in the country. Haven't regretted choosing CA. Sure hear a lot of sour grapes from people who are certain the grass is greener elsewhere though.
 
Startup is all about funding and connections, not so much about bottom line so California will always have that going for her. But when they make it, bottom line matters so some will move to more business friendly states.

On the other hand, California has a very large wealth gap. People in this forum are well off middle to middle upper class but look at the homeless people in LA and SF...
 
akula1488 said:
Startup is all about funding and connections, not so much about bottom line so California will always have that going for her. But when they make it, bottom line matters so some will move to more business friendly states.

On the other hand, California has a very large wealth gap. People in this forum are well off middle to middle upper class but look at the homeless people in LA and SF...

There is no doubt that there's a large wealth gap in California. However, a major reason for so many homeless people in LA and SF is because too many people moving to California. And why are these people moving to most expensive cities? Why do these people insist on staying in SF when it's not affordable? Are they unemployed or do they have low wage jobs? If the latter, why can't they commute from other cities, like Oakland?
 
?.Or are they attracted here from all over the country because of the mild weather, lax law enforcement and plentiful government and private largess? 
 
I work mostly in the IT sector and have seen a number of ex-coworkers (from previous jobs) move out of CA recently.  What enabled them to do so was COVID-19 & their employer offering them full time remote work option.  The locations where they moved to are:

* Bend Oregon
* Vancouver Washington (not Canada)
* Spokane Washington
* San Antonio Texas
* Las Vegas area, Nevada

If I'm not mistaken only Oregon on the list has State income tax.  Although housing prices has risen quite a bit in those cities, coming from California the houses look affordable.  Note that only 1 went to Texas, I think they are buying a house in NE area of San Antonio.

Personally, I liked Alaska better than Texas, but I wasn't in Alaska during dark winter months.

==================

Commenting on previous posters:

* The actual failure rate during initial years for startups is not as high as most people think.  However most surviving startups in IT sector doesn't really get anywhere, only a very small percentage will make it big.

I've worked for 2 startups in OC and both are still privately owned and medium sized.  After ownership changes they both changed names and you likely have never heard of them.  They ended up finding a niche market & cling to few large customers, like supply chain risk management & mobile inventory management solutions.  They will likely never make it big and, most of you will never know their names or products. 

The company issue press releases like major corporations but nobody bothers to read them.  I know because I used to issue the press releases on social media with like single digit followers.  It was nice working for small startups where pay is not high but you get free food and play video games with your coworkers, but not a good long term prospect.


*  The housing prices here (LA/OC/LB) is now comparable to Tokyo for condos.  But unlike Tokyo we don't have a lot of mid to high rise condo buildings with small & more affordable units.  There are various issues like aversion to high density housing, aversion to small sq ft housing, risk to developer if RE market crashes, lack of better mass transit infrastructure and so on.

Although more land is avail in inland regions, you still have issues like transportation infrastructure, lack of water resources and so on.  Considering the cost of building freeways it's difficult to construct more freeways and lane expansions, and mass transit options from inland areas to costal job areas is also lacking except for few hubs like Riverside for the slow train.


*  I've been to Singapore about 5-6 times.  It's not really a tax haven and the weather is hot.  But the government has a workable public housing policy for majority of its citizens, but not the poor migrant workers who have to squeeze into shared common rental rooms.  Food is good and if you want to pay less for stuff, Malaysia is next door for cheap(er) shopping.
 
It's pretty...isn't it?

Apple announces a $1 billion campus in Austin, Texas

Apple already employs 6,200 people in Austin, and the newly-announced campus at the 133-acre Robinson Ranch is expected to break ground a mile away from the extant campus and hold another 5,000 employees, with room for up to 15,000. With 3 million square feet of office space, 50 acres of open area, and a commitment to only using electricity from renewable sources, the future Austin Campus may end up rivaling the spaceship-like Apple Park complex for size.

https://www.archpaper.com/2018/12/apple-1-billion-campus-austin/
 
yea they just started building a big one in culver city too.  they're really trying to avoid giving in to the remote work push that's hitting the rest of the industry.  lots of their chips are fabbed in austin too.

what's funny is they closed their east texas offices a couple years ago to avoid patent lawsuits there.  but now west texas is becoming an even hotter patent venue. 
 
"The future offices in San Diego, Seattle, and Culver City will hold approximately 1,000 employees each, and Apple has pledged to beef up their existent offices in Boston, Boulder, Colorado, New York, Pittsburgh, and Portland, Oregon."

1000 vs 15000...where do you think Apple is leveraging its employees?  Not here.
 
there are not even 15k employees in cupertino lol

they're not moving ppl en masse from SV to austin.  there is not much overlap in the groups.  austin employees are supporting the tsmc/samsung fabs.  lots of those people are already in austin (apple acquired companies there).  those groups are growing rapidly though as apple moves more chip design in house.

 
They are beefing up everywhere but here.  Natural migration of the base will reduce the footprint in Cali over time. 
 
Well, I, for one, wish that the SV people would migrate to Austin instead down here to OC, so I have a better chance to buy a home in Irvine.
 
they are like the 5th biggest company in the world.  of course they are expanding outside of their home base.

the austin development and the in house chip fab move is really interesting.  actually lots of stuff about apple's business plans especially post-covid are fascinating.  i can't imagine how limiting it must be to have to twist every piece of news to confirm your priors.  (or just outsource that to dailymail i guess...)

will be interesting to see how austin does long term though.  i know a lot of tech ppl who relocated there, jury is still out on whether it was worth it.  like i said in my industry firms have to offer huge signing bonuses to pull people to texas.  but that may change as it develops more of a critical mass.

another data point (although many years ago now).  in my field starting salary in texas is the same as other major cities (NYC, LA, SF, DC).  so effectively you make 10-20% more in texas considering the tax difference.  yet a very small portion of my class went to texas.  almost all of them returning home there.  i can't think of anyone actually that wasn't from texas and went to a texas firm, despite the objectively better take home pay.
 
The old Toyota Campus is now called Torrance Commerce Center

Sares Regis Group has signed leases for 2 out of 3 buildings in Phase 1 of their 100+ acre Torrance Commerce Center in Torrance, CA. The tenants claiming these spaces will be WASH, a premier supplier of commercial laundry equipment and managed laundry services for the multifamily and hospitality industries, and Alpine Electronics, a manufacturer of electronic components for computer, communications, and car electronic equipment. JLL ? Zac Sakowski and CBRE - John Schumacher represent Landlord in both transactions.
https://www.sares-regis.com/post/sa...eases-for-phase-i-of-torrance-commerce-center

Phase 2 construction for campus build outhttps://www.sares-regis.com/post/torrance-commerce-center-phase-ii-begins-construction


 
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