Posts

Showing posts from October, 2021

Corporate Social Responsibility in Texas?

On October 7th, during Tesla's annual shareholder meeting, company founder Elon Musk announced that he would be moving Tesla's headquarters from Palo Alto, California, to Austin, Texas. Reasons included a lack of space needed for the expansion of Tesla's Fremont factory and the high cost of living in the Bay area. Musk's decision makes his the latest in a line of companies leaving California for Texas, a list that includes Oracle Corp., Hewlett Packard Enterprise Co., and Charles Schwab. The Texas Economic Development and Tourism Office stated there has been a "tremendous increase" in interest. Since the pandemic began, the Office claims there are 37 relocation and expansion projects currently underway. Texas has made a significant effort to attract businesses from other states, using low taxes and minimal regulations as bait. Texas officials have promoted these “advantages” in ads highlighting their “free-market” environment and criticizing the "tax and