Good weather year-round, nice beaches, lower taxes, less congested neighborhoods and a more affordable cost of living. These are just some of the reasons that drive California’s tech companies and New York’s financiers to Texas and Florida. The move is not new, but the pandemic just made the decision easier.
The Silicon Valley exodus to Texas was just intensified with Elon Musk’s and Oracle’s recent move. At the same time, another exodus is happening in New York, with financial big names leaving Wall Street. The last news was about Goldman Sachs deciding to start a branch in Florida.
The pandemic shook the corporate map of the United States. With remote work on the rise, people are reevaluating their locations and lifestyle.