Business

Another Major Company Flees From Blue State To Texas

Mike Mozart, CC BY 2.0 <https://creativecommons.org/licenses/by/2.0>, via Wikimedia Commons

Samsung plans to move to Texas less than a year after building new headquarters in New Jersey.

The South Korean manufacturing company will move to its U.S. headquarters to Plano, Texas, where it has an existing campus location.

“Samsung Electronics America Inc. is undergoing a business transformation designed to better position our organization for long-term growth and future success. As part of this effort, we are relocating our U.S. headquarters from New Jersey to our existing campus in Plano, Texas, building on our 30-year presence in the state,” a spokesperson from Samsung said in a statement to NJBIZ.

Samsung said that they expect to finish the transition to Texas by the end of 2026, the outlet reported.

“Samsung’s decision to reincorporate in Texas is just the latest example of a seismic shift taking place in the business landscape. Pro-growth states like Texas that actually want companies to succeed are proving to be powerful magnets for businesses being crushed by radical policies and politicians in places like New Jersey, New York and California,” Will Hild, executive director of Consumer’s Research, said in a statement to the Daily Caller News Foundation.

Samsung joins ExxonMobil in moving operations from New Jersey to Texas.

“Notably, in addition to keeping taxes low and regulation light relative to their competitors, Texas has taken groundbreaking steps to protect businesses incorporated there from molestation by rogue woke actors like Proxy Advisors,” Hild added. “By making this sensible move, Samsung and other companies are demonstrating that they’re done being battered by far-left government hacks and woke Wall Street firms and will fight to put the interests of their investors and customers first. Consumers Research applauds these firms and hopes more are encouraged to follow.”