Summary
Public Storage, the largest self-storage company in the U.S., is moving its main office from California to Texas. This move is part of a trend where many companies are relocating their headquarters from California to Texas for reasons like lower costs and access to talent.
Key Facts
- Public Storage is relocating its headquarters from Glendale, California, to Frisco, Texas.
- The company will still keep a significant presence in Glendale despite the move.
- CEO Thomas Boyle mentioned that Texas has a large pool of talent and innovation.
- Other companies, like Tesla, X (formerly Twitter), Chevron, AECOM, McKesson, Hewlett Packard Enterprise, and Oracle, have also moved their headquarters from California to Texas.
- Reasons for these moves include business-friendly regulations, lower costs, and better quality of life in Texas.
- Public Storage's move continues a trend of businesses keeping operations in California while moving headquarters to Texas.
