North Texas already has a stable of high-profile corporate headquarters, and it’s in a good position to woo more as companies seek to move from expensive areas to cheaper ones, a New Jersey relocation consultant says. Of 30 major U.S. cities, the Dallas-Fort Worth area offered the fourth-lowest annual operating cost for corporate headquarters, according to a recent study by John Boyd, head of the Boyd Co., a relocation consulting
firm based in Princeton, N.J.
His study takes into account “geographically variable operating costs” such as labor and utilities costs that are involved in operating a headquarters – in other words, the expenses you can change by moving somewhere else.
·New York still leads the nation, with 45 headquarters for companies on the Fortune 500 list of the largest U.S. corporations.
·Houston is No. 2, with 22, followed by Atlanta, with 12, according to the 2007 Fortune 500.
·Dallas ties with Chicago for fourth place, with 11 headquarters. But add in companies based in Fort Worth, Plano, Irving and other local cities, and the Dallas-Fort Worth area’s tally climbs to 24. (As a state, Texas ranks second, behind New York but ahead of California in the number of corporate headquarters.)