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Texas in recent years has become an important home for companies seeking to relocate, including the latest – New York’s “Share Change” The full change of electronic capital of Nyse Texas in Dallas.
NYSE revealed on Wednesday that she plans to add operations in Dallas by reincarnating NYSE Chicago as NYSE Texas in the Lone Star State, saying “Electronic capital exchange” will provide public companies with a list and trade concentrated in the living economy from Southwest SH.BA “as soon as it goes directly in the future.
NYSE president Lynn Martin said the exchange is “pleased to expand our presence in the Lone Star State”, seeking Texas as a state “with the largest number of NYSE lists” and a “market leader in promoting an atmosphere pro-business ”.
Traders work on the floor of New York Stock Exchange 28 November 2011. Reuters/Brendan McDermid (United States: Business) (Reuters / Brendan McDermid / Reuters Photos)
Exchange of Stock Exchange in New York in Texas ‘Pro-Business’ Texas
A report issued last year by the Federal Bank of Reserves for Dallas found a network of over 7,300 firms displaced in Texas between 2010 and 2019, placing it among the best countries for business relocations.
The state has recorded more firms moving on it than outside it since 2000, the report said.
University of Texas in Dallas Assistant Professor Kirti Sinha told Fox Business that “some factors” have attracted companies in the Lone Star state.
“The first is, of course, taxes. There is no tax on personal income and corporate income taxes in Texas in general,” she said. “Then, second, I think our regulatory environment is, I would say, much calmer than some other countries.”
“We have a lower discovery or regulatory supervision compared to other states, and I think the way, for example, the governor has signaled ‘Come here, make this your home, and I am here for you,’ those kinds of donation The signal for companies that the situation is in terms of regulations now will stay in the future, ”Sinha added. “This kind gives them confidence.”
A Texas flag and the American flag flew together in a building in Austin, Texas, March 11, 2023. (Photo by Smith Collection/Gado/Getty Images) (Smith Collection/Gado/Getty Images/Getty Images)
The space that Texas has for production facilities and warehouses and its wage levels have also been called to businesses, according to Sinha.
“Texas has worked for decades to establish itself as the best place in America to do business. With one of the fastest growing populations in the country, the largest number of level 1 level research universities in the country, And a business and regulatory environment that makes it easier for companies to succeed, Texas is unconditional as a place to do business, “told Nate Sharp, the Dean of the Mays Business School at Texas A&M, for Fox Business.
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Among some of the big -name companies that transferred their headquarters to Texas in recent years are Tesla, Fisher Investments and Hewlett Packard Enterprise.
Fisher Investments announced its movement to the Lone Star State in 2023. The relocation was prompted by the Supreme State Court in Washington by supporting the tax profit tax.
Hewlett Packard Enterprises in 2020 showed “Opportunities for Cost Savings, and team members’ preferences for the future for work” for its transfer to Texas.
In a recent example, Chevron’s energy giant said in the fall of 2024 that it would move its headquarters to Texas from California. Andy Walz, Chevron President of America’s Products, said California was a “harsh place” to do business and “recruited people” played a role in its relocation decision, as well as the company looking to “run more results business good. ”
Sharp said the start of NYSE Texas “will accelerate business growth” in the state and make it “even more attractive”.
Downtown Dallas Skyline, TX in a partially cloudy day. (Photo by: Hum Images/Universal Images Group through Getty Images) (Hum Images / Universal Images Group through Getty Images / Getty Images)
Nasdaq, another large scholarship, also has a presence in Texas, and the TXSE group is working to raise the Texas Stock Exchange in the state, presenting Form 1 registration to the insurance and exchanges at the end of last month.
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“The whole ranking process has become very complicated over the years, and having a physical office helps them talk to these companies more directly and gives them direct access,” Sinha Fox Business told.
She also said that exchanges in Texas “give signals to investors that they can trust the system here, and so I think it’s a very self-fulfilling cycle, like ‘Oh so companies were coming, scholarships came of New York “and then this will bring more investors and more companies.”