Major engineering company moving from California to Texas

LA Times:
Jacobs Engineering Group, one of the world’s largest engineering companies, is preparing to move employees from its Pasadena headquarters to Dallas, becoming the latest major corporation to relocate significant operations from California to Texas.

The Fortune 500 firm, founded in Pasadena more than half a century ago, already has 300 employees in downtown Dallas and is weighing a more significant relocation. Mendi Head, a spokeswoman for the firm, confirmed the plans in an interview Monday.

In an email statement, Head wrote that Jacobs “is considering plans to move a portion of its corporate functions from its Pasadena location to Dallas later this year, pending a successful real estate process and final approvals for state and local economic development investments.”

The company will keep some employees in its Pasadena office, Head wrote.

Dallas is trying to lure the company to set up its headquarters there with a $277,500 grant, according to an agenda for a meeting of the city’s economic development committee.

“It should concern everyone in the community. The kind of jobs Jacobs Engineering provides, especially at the corporate level, are exactly the type of jobs we want in our community,” said Gary Toebbin, president of the Los Angeles Area Chamber of Commerce. Professional services have been a bright spot for California, generating outsize job growth in recent years.

Jacobs has worked on monumental transportation and energy projects across the globe, including the first phase of the Expo Line expansion in Los Angeles, and a heating and power station at Heathrow Airport in London.

The company has a stock-market capitalization of more than $6 billion, brings in $12 billion in annual revenue, and employs some 64,000 people.

The engineering giant isn’t alone. Jamba Juice said last month that it would move operations from Emeryville, Calif., to Frisco, Texas, and in 2014, Toyota announced a relocation of its headquarters from Torrance to Plano, Texas.
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With fewer building restrictions in Texas, the cost of real estate is less than California and Texas has no income tax which means those making the move can enjoy a higher standard of living in Texas.

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