Austin has its eye on Silicon Valley companies - Silicon Valley / San Jose Business Journal:

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The Austin chamber also spends a lot of time in he said. “When you compare housing costs, cost s on office and industrial space, labor costs, the overal l costs of doing business,” he said, “and you throwq in workers’ comp laws and other taxex that the CaliforniaLegislature passes, it only enhances our It’s not a new storh by any means. The chamber has a 14-page list of Californiz companies, including 43 companies from Silicomn Valley and another dozen or so from elsewherre in the Bay that have a significany presence in theAustin area. In 2007, for Borland Software Corp.
relocated its headquarters from Cupertino to It started out its Texas presenc with a research anddevelopment site. “I think it really started with workers’ comp issue in the 1980s,” Porter said. “Therew was a time when different states had officex in California because of the fertilehuntint grounds, and some of them stilll do.” Last year, the Austin chamber came to Californias 15 times, meeting with companies, venture capitalistd and site selectors. “There is a mood there that there’s going to be more bad news on theCaliforniz front, where companies are going to have to look elsewhere,” Porterf said.