Corporate Relocations to D-FW Return to Pre-Pandemic Levels in 2024

The Lone Star State’s business-friendly policies have been a driver of corporate relocations to D-FW in recent years, but it appears that momentum has been lost with the number of in-bound companies returning to pre-pandemic levels.

Citing data compiled by the Dallas Regional Chamber, Dallas Business Journal clocked 21 corporate relocations to D-FW last year, a pretty sharp drop from the 32 logged in both 2022 and 2021. This downward trend may very well continue as a number of post-COVID dynamics (namely the end of stringent social distancing rules and the pronounced increase in remote work) undercut some of the push factors motivating companies to leave states like California and New York. Nevertheless, many traditional business considerations are still in play, and Texas’ tax and regulatory environment remains attractive.

Even still, CandysDirt.com combed the internet to find announced relocations to D-FW in 2024 and could only suss out 14 companies that moved their headquarters to the metroplex, the same number recorded in 2019. By no means is this a definitive list (we’ll wait for the Dallas Regional Chamber’s next data drop on the subject), but it does suggest a further slowdown, if not the end, of high rates of corporate relocations to North Texas.

Without further ado, here are the firms that made D-FW their new home this year:

• FreshRealm said in March that it was leaving its California headquarters for new digs at 3301 N Dallas Ave. in Lancaster. The company specializes in short-shelf-life, pre-packaged meals.
  
• Koya Medical, a medical device manufacturing company, was reported to be moving into a 35,000-square-foot space at 2332 and 2340 Valdina St., just northwest of the Dallas Design District. The relocation is expected to create 220 new jobs in D-FW, according to DBJ.
  
• Resources Connection told its investors this fall that it was moving its global consulting operation out of California and into Tollway Plaza in Far North Dallas. The company had been based outside Los Angeles for roughly 30 years, DBJ reported.
  
• Simplilearn Solutions, an India-based education tech company, announced in October that it ditched its San Francisco office to make Plano the home of its U.S. headquarters. Its offices are now on the sixth floor of an office building at 5851 Legacy Circle.
  
• LiquidStack, a liquid cooling company that services data centers, said in March that it was setting up shop in Carrollton. Formerly based in Boston, the firm moved into an industrial park at 1628 W Crosby Road.
  
• Verily, a healthcare-oriented software company under Google parent company Alphabet, told Community Impact in July it was making its Dallas office at 2999 Olympus Blvd. its official headquarters. DBJ reported the company plans to add around 60 jobs.
  
• iRely, a software company catering to primary sector firms, said in July it was leaving Indiana for an office building at 5221 N. O’Connor Blvd. in Irving. It cited the proximity to Dallas/Fort Worth International Airport as a factor in its decision.
  
• Nation’s, a restaurant chain with 29 locations across California, relocated its headquarters to Garland as part of its bid to aggressively expand its footprint in North Texas, DBJ reported. Its offices are now at 601 E. Walnut St.
  
• Psychemedics, a drug-screening company, announced at the start of the year that it was moving its headquarters from Massachusetts to an office building at 5220 Spring Valley Road in Dallas, just a couple of blocks north of the Galleria.
  
• TIAA, a financial services firm, said it plans on shuttering its Denver offices to base its operations in Frisco at The Star campus (3965 Dallas Parkway). Denver employees will have the choice to relocate, according to WFAA.
  
• Graze, a robotics company set to launch a line of automated lawnmowers, announced in January that it was moving its headquarters from California to Plano, per Plano Star Courier. Its offices are now at 6700 Pinecrest Drive.
  
• Assa Abloy Global Solutions, a Swedish security tech company, said it was making Plano the home of its North American headquarters. Operations will be based in the Research-Technology Crossroads light industrial park at 2925 East Plano Parkway, according to DBJ.
  
• Canoo, an electric vehicle manufacturer, said it was relocating its headquarters once again, this time back to Justin. The firm was previously based there before saying it was moving operations to Arkansas but ending up in California, according to The Dallas Morning News. Its head office is now at 15520 TX-114.
  
• IMN Enterprises, a healthcare staffing company formerly based in Portland, announced over the summer that it was moving its headquarters to the office building at 10670 N Central Expressway in Dallas, DBJ reported.