Software giant Oracle has moved their company headquarters from California to Austin, Texas.
Oracle is one of the older tech firms, and was a staple of the area. Texas Gov. Greg Abbott said in a “Texas is truly the land of business, jobs, and opportunity.”
Several other firms have announced plans to leave California, with some company leaders blaming the state’s political climate as unfriendly to business. Tesla is building a new plant near Austin and CEO Elon Musk has threatened to move the company out of California altogether, but Tesla still has a plant in Fremont, California. Musk has said he moved his personal residence to Texas.
Another Silicon Valley company, Hewlett Packard Enterprise, announced plans earlier this month to build a 440,000-square-foot campus in a Houston suburb for its new headquarters.