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by Ed Curtis
January 9, 2024


Austin, Texas, January 9, 2024 –According to our YTexas Rēlo tracker, Texas broke records with the number of relocations from 2020-2022, with the help of pent up demand coming out of COVID. While 2023 saw a downturn, the appeal of Texas has not waned.

In 2023, Texas won awards from Site Selection Magazine, CEO Magazine and Business Facilities for its ranking as the best state for business expansion. Site Selection awarded its 11th consecutive Governors Cup to Texas, touting over 1100 investment projects in 2022. Second place Ohio brought is less than half of that.

In addition, when Site Selection Magazine asked a national panel of site selectors to name the top state business climates in America, the respondents ­— 32 in total ­— voted for a clear-cut top four: Texas, North Carolina, Georgia and Tennessee, in that order.

Here are the top 10 relocation announcements of 2023:

1o. Frontier Communications

In September of 2023, Frontier Communications announced that it will be relocating its corporate headquarters from Norwalk, CT to Dallas. Frontier is the largest pure-play fiber provider in the United States, delivering broadband connectivity for consumers and businesses.

9. Cacique Foods

Cacique Foods announced it will be relocating its HQ from Monrovia, CA to Dallas. Established in 1973, Cacique® has affirmed itself as America’s leader in Hispanic perishables. Our product offerings span from fresh cheeses, table creams, and processed cheese to cured meats and drinkable yogurts.

8. Inbenta

Inbenta is trusted by over 1,000 companies globally to improve customer experience at scale, and resolving customer service issues automatically with AI automation, chatbot, search, messenger, and knowledge management.

Inbenta relocated its headquarters from Sunnyvale, CA to Allen, Texas.

7. Hanyang

In October of 2023, South Korean-based engineering company Hanyang announced plans to build its US headquarters in Cedar Park. The City of Cedar Park expects the company to create 50 new jobs.

Hanyang is among a list of companies expanding into Texas as a result of Samsung’s multi-billion dollar semi-conductor fabrication plant being built in Taylor, TX.

6. Fisher Investments

In 2023, Fisher Investments announced it was relocating its corporate HQ from Camas, Washington to Plano. The company made the announcement after the Washington State Supreme Court ruled that a capital gains tax is constitutional.

Fisher is one of the largest employers in Clark County with around 1,800 employees. Despite moving the headquarters, Fisher told a news source it will not close its Camas office but some staff will transfer to its office in Plano, Texas. The company says it currently has 1,200 employees in Plano. Ken Fisher, the firm’s executive chairman who founded Fisher Investments in 1979, lives in Dallas.

5. MSS International

In late 2023, MSS International announced it will be relocating its headquarters to Round Rock Texas. MSS is one of several businesses announcing a move or expansion into Central Texas to be closer to Samsung in Taylor, Texas.

MSS is an IT Modernization Company helping organizations transform their applications and data across multi-platforms to achieve strategic business outcomes. MSS develops technology supporting an end-to-end automated process for modernizing a client’s legacy environments.

4. Landsea Homes

In 2023, Lands Homes relocated its headquarters from California to Texas.

Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation’s most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County.

Landsea Homes was named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation.

3. Ruiz Foods

Ruiz Foods is America’s No. 1 frozen Mexican food company. At Ruiz Foods, good food always goes hand in hand with family. And it has since 1964, when Fred Ruiz made his first enchilada with his father, Louis, based on the family recipes of his mother, affectionately known as Grandma Rosie.

The company has grown to over 3,500 team members across facilities in California, Texas, and South Carolina. They’ve make food from enchiladas to burritos, chimichangas, taquitos, tamales, quesadillas, breakfast burritos, and more!

2. Thermomix

Thermomix® was invented in 1971 by Hansjorg Gerber, Thermomix® USA is a subsidiary of Thermomix® which is focused on improving life everywhere we call home.  The TM6™ is your go-to kitchen appliance that performs over 24 different cooking functions not to mention the multi-layered cooking feature that cooks your entrée, sides, and dessert all at the same time.

1. Kelly-Moore Paints

In 2023, Kelly-Moore Paints relocated its headquarters from San Carlos California to Hurst, Texas – home of its state-of-the-art manufacturing facility. Their reputation for quality products is unsurpassed in the industry.  Kelly-Moore produces some of the most technologically advanced paint products and sets the industry standard for new product development and quality control.

In 1946, William H. Kelly and William E. Moore recognized the unique needs of professional painting contractors for top-quality paint products and knowledgeable, efficient service at a fair price. This philosophy has allowed Kelly-Moore to grow from a single manufacturing facility and store in San Carlos, California, to a retail network of 157 stores in California, Nevada, Oklahoma, and Texas.

“Not only did everyone we ask make the move with us to Texas, I had a line of people out my door asking to move to Texas.”

Charles GassenheimerCEO of Kelly Moore Paints