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Texas Outpaces New York in Job Growth, Attracts Firms

2/18/2026

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Summary

Story summary

Partnership for New York City (PFNYC) reports Texas is gaining a competitive edge over New York, attracting thousands of jobs and relocations.
From 2015 to 2024, 314 companies moved their headquarters to Texas, including 23 from New York.
Texas surpassed New York in financial services employment, with gross regional product growing by 121% versus New York's 72%.
Major firms such as JPMorgan Chase and Wells Fargo are expanding in Texas.

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Story summary

Partnership for New York City (PFNYC) reports Texas is gaining a competitive edge over New York, attracting thousands of jobs and relocations.
From 2015 to 2024, 314 companies moved their headquarters to Texas, including 23 from New York.
Texas surpassed New York in financial services employment, with gross regional product growing by 121% versus New York's 72%.
Major firms such as JPMorgan Chase and Wells Fargo are expanding in Texas.