Goldman Sacks, JPMorgan and others are lured to the state by lower taxes and housing costs and a friendlier vibe. The site of the Goldman Sachs campus in Dallas last fall. Shelby Tauber/Bloomberg News Story by Elizabeth Findell   DALLAS—Ross Perot Jr. gestured out the window as his helicopter circled a 4.5-acre pit alongside the skyline of downtown Dallas. Texas and U.S. flags hung from a crane within it. The site is where Perot’s real-estate investment company, Hillwood, is partnering to build a $500...

Read more

A new way to award incentives in Dallas has spurred a headquarters move and additional economic activity in the city. Author: Dallas Business Journal, Plamedie Ifasso Koya Medical Inc., a medical device company, is in the process of relocating its HQ to Dallas from Oakland, California — thanks in part to incentives awarded through "administrative action." Aside from this, proponents also want to tokenize the stocks (and possibly bonds) to be sold in this new Texas-based market. This means that the trades will...

Read more

In early June 2024, news organizations reported that private equity giant BlackRock and other investors like Citadel planned to launch a new stock market in Texas called the TXSE to challenge the NYSE and NASDAQ in New York City.   By Zain Jaffer Forbes Councils Member Zain Jaffer is the founder and president of Zain Ventures, a family office that invests in real estate and proptech. According to a CNN report, “Intensified reporting requirements, higher litigation expenses, costly regulations, overbearing board governance, shareholder activism,...

Read more

AUSTIN, Texas (AP) — Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over allegations that the tech giant used biometric data of users without their permission, officials said Tuesday. FILE - Meta’s logo is seen on a sign at the company’s headquarters in Menlo Park, Calif., Nov. 9, 2022. Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over claims that the tech giant used biometric data of users...

Read more

'Welcome Home Chevron! Texas Is Your True Home': Oil Giant Joins Hundreds Of Companies In Abandoning California Two-thirds of California employers plan to flee the state, RedBalloon survey says (Mario Tama/Getty Images / Getty Images)   Vinay Patel @VinayPatelBlogs Published 08/07/24 AT 8:52 AM BST Many companies, including Chevron, Tesla, and Oracle, are relocating their headquarters from California to Texas. Wikimedia Commons Major oil company, Chevron, has joined the increasing number of businesses relocating from California to Texas. Major corporations like Tesla, Charles Schwab, and Oracle have already...

Read more

A record 5.5 million new U.S. business applications were filed last year. According to a new data study from USA TODAY Blueprint, whether those startups succeed could depend a lot on one key ingredient: location. Here's why Dallas ranks among the top U.S. cities for putting out an "OPEN" sign. BY DAVID SEELEY • JUL 23, 2024 A new data study by USA TODAY Blueprint places Dallas among the best four cities in the U.S. for entrepreneurs starting a business. The study...

Read more

Dallas could be home to new national stock exchange Texas Stock Exchange aims to compete with NYSE, Nasdaq By By Holden Wilen – Staff Writer, Dallas Business Journal Jun 5, 2024 A new national stock exchange could be coming to Dallas, a move that would further cement the city's position as one of the primary financial centers in the United States. Dallas-based TXSE Group Inc. announced on June 5 that it plans to launch the Texas Stock Exchange and will submit a registration with...

Read more

TEXAS, DFW LEAD THE NATION IN 2023 CORPORATE PROJECTS By Dana Jennings of Dallas Regional Chamber Texas has earned an unprecedented 12th-consecutive Site Selection Magazine Governor’s Cup, meaning the state is No. 1 for attracting the most new and expanded business facility projects in 2023. DRC staff and Board members with Gov. Greg Abbott at the 2023 State of the State event. The Lone Star State recorded 1,254 total projects in 2023—more than twice that of the second-ranked state. The Dallas-Fort Worth-Arlington (DFW) metro...

Read more

The study by Simplify LLC analyzed data from the Census Bureau, BEA, and Federation of Tax Administrators to arrive at its rankings. The rankings were based on corporate tax rate, inflation, migration of educated workers, new business formations, job creation, and consumer spending. See who else made the top 10—and who came in last. Illustration: jemastock/iStock BY LANCE MURRAY • FEB 20, 2024 Texas tops the rankings in Simplify LLC’s study on the Best States for Entrepreneurs in 2024. The study was based on the...

Read more