Business

These big companies moved to red Texas. Now the state’s gone blue.

Nairavoice · Nov 4, 2026 · 2 min read

Tuesday’s blue wave reached all corners of Texas.
A democrat now controls the governorship, while the state house is still tabulating votes.
More than 200 businesses have moved their headquarters to Texas since 2019.

Democratic challenger Gina Hinojosa, a state representative with a minimal national profile, defeated Gov. Greg Abbott, a prominent Republican running for a fourth term.

“I do think we should wipe clean corporate welfare in this state,” she said in an October interview with Kut News, a Texas NPR affiliate.

On the national stage, Republican Senate candidate and Attorney General Ken Paxton suffered a stunning loss to James Talerico, another state representative, by more than a million votes.

The GOP managed to hold onto the state senate, but results were still being tabulated on Wednesday for a handful of competitive state house seats, according to the Associated Press.

While Hinojosa and Talerico gleefully bumped drinks at Whataburger on Tuesday night, business leaders were no doubt busy contemplating whether the economic incentives that motivated their move would stay in place.

“I never expected Texas to turn blue,” Jason Calacanis, a tech entrepreneur and influencer, said on X. “I moved here to get away from the left lunacy!”

Texas levies no income taxes on private individuals or corporations. Though the state charges a franchise tax on companies that post more than $1 million in revenue, Abbott has signed bills expanding franchise tax exemptions. During her campaign, Hinojosa focused her criticism of tax incentives on data centers.

Here are some of the largest companies that moved their operations to Texas in recent years, according to a list compiled by Abbott’s office.