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The precedence is very real, and it's gone on for years. Companies will up and relocate when it makes fiscal sense. Boeing, for example, was headquartered in S
by jroseattle 13y ago
The precedence is very real, and it's gone on for years. Companies will up and relocate when it makes fiscal sense.
Boeing, for example, was headquartered in Seattle for decades -- very established, entrenched locally, big production plants nearby. Chicago came along and offered serious tax breaks if they would relo HQ. This isn't down the road -- it's Seattle to Chicago, involving something like 1000 employees and their families. Boeing took the deal and gained millions in tax concessions.
At the time, Twitter did an evaluation of payroll & stock option taxes and determined that it would be worth a lot of money to everyone (it's not just the company, it's the people) if they have a shop outside SF geographic boundaries. Pick up and move down the street? Yeah, easy choice.