logo

Is Nevada one of the most popular destinations in the country for ex-California businesses?

By Esther Tsvayg
YES

Due to Nevada’s business-friendly tax structure, operational cost advantages and proximity to California, Nevada is a popular relocation destination for California businesses across all industries.

From 2018 to 2021, Nevada ranked third as a relocation destination with 25 companies moving their headquarters out of California to Nevada, according to a Hoover Institution economics paper providing the most comprehensive data on the topic. Texas received by far the most relocations at 132, followed by Tennessee at 31.

In just the first six months of 2021, 74 Californian businesses relocated their headquarters—double the rate for each of the three previous years, according to the Hoover Institution.

This fact brief is responsive to conversations such as this one.
Sources
Economic Development Authority of Western Nevada Economic Development Authority of Western Nevada
Hoover Institution Hoover Institute, p. 5
Hoover Institution Hoover Institute
ABOUT THE CONTRIBUTOR
The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.
FACT BRIEF BY
facebook
twitter
email
email