Two factors: Firms moving to Austin & Population Growth
Posted on: June 23, 2022 at 17:22:41 CT
ScottsdaleTiger MU
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During the Covid crsis there were numerous news stories that high tech firms were moving their headquarters and/or operations from Northern California to Austin. My recollection is one was Oracle.
Also, Texas currently has a population of about 30 million which makes it the third most populus state in the country, behind California and New York. Most population projections have it at 50 million by 2050, making it the most populus state in the nation.
Florida with aobut nineteen million and Georgia with roughly thirteen million are second and third in the SEC states.
After Flordia and Georgia, the state populaton drop to about six to seven million, i.e. Missouri and Tennessee.