Another California Corporate Re-Location to Texas

[Christians4LessGvt]

Kubota Tractor Corp. relocating U.S. headquarters to Grapevine from California

May 14, 2015

In another corporate exodus from Torrance, California, to North Texas, Kubota Tractor Corp. and Kubota Credit Corp. announced Thursday that they will move their headquarters to Grapevine from the Los Angeles-area city.

The relocation is projected to create at least 344 new jobs and $51 million in capital investment in Texas. The state of Texas extended Texas Enterprise Fund grant offer of $3.8 million to Kubota. The move is expected to occur in the next 18 months and will affect about 180 Kubota employees. Employees at a Fort Worth office and in Georgia also will move to the Grapevine headquarters, the company said.

The tractor maker will join Toyota Motor Corp, which is moving its North American headquarters to Plano, and Farmer Brothers coffee, which is relocating its North American headquarters to the Denton County town of Northlake.

Kubota said that construction on the Grapevine facility will begin this year with scheduled completion by the first quarter of 2017. Both Kubota companies are subsidiaries of Osaka, Japan-based Kubota Corp.

"This restructuring and relocation to Texas aligns with our strategic business objectives to strengthen Kubota's brand in the U.S. marketplace, enter new industry segments, and to position our company for long term, sustainable growth in North America," Kubota Tractor Corp. President and CEO Masato Yoshikawa said in a news release. "This is the most significant change we have undertaken during our long and successful history in the U.S., and there was much thought, deliberation and consideration that went into our decision."

Texas Gov. Greg Abbott issued a statement welcoming the tractor maker:

"I'm proud to extend a warm Texas welcome to Kubota and I know their investment in Texas will allow their company to grow, prosper and create even more jobs in the coming years," Abbott said. "Thanks to our low-tax, low-regulation environment that allows all businesses to thrive, we are able to bring job creators like Kubota to Texas. As the top state in the nation for agriculture, Kubota is sure to find fertile ground for its products and distribution network."

The city of Grapevine and the Dallas Regional Chamber worked with the governor's office to facilitate state and local support for the relocation, according to Abbott's release.

"The City of Grapevine is proud to partner with the State of Texas and Kubota Tractor Corporation by welcoming Kubota's new corporate headquarters to Grapevine," Grapevine Mayor William D. Tate said in the release. "Kubota's history and products complement the heritage of our community, and this partnership marks an important milestone in the continued development of the City of Grapevine."

Dallas Regional Chamber President and CEO Dale Petrosky praised the assistance of state officials in making the relocation happen.
"The Dallas Regional Chamber is excited to welcome Kubota Tractor Corp. to our region. Gov. Abbott, Lt. Gov. Patrick, Speaker (Joe) Straus and their teams demonstrated real leadership throughout this process, and proved they are absolutely committed to Texas remaining the number one state in the nation to do business and to continuing to attract top-notch companies," Petroskey said.

A central location in the U.S. appeared to be the big selling point for a relocation. "California has been good to us, but it makes better business sense for us to be centrally located, and we look forward to achieving added operational efficiencies with this move," Yoshikawa said.

The company said that the move will put Kubota's executives closer to their major markets and its manufacturing operations.
The company said the new headquarters in Grapevine will be environmentally friendly, state-of-the art, and will be large enough to initially house roughly 400 employees. It will have room for expansion, Kubota said in a release.

Kubota said the move will take place in stages so that Kubota's daily operations won't be interrupted.

The company said it has offered all affected employees in Torrance the option to relocate to Grapevine and said it will offer relocation assistance to those affected employees in California and Georgia who elect to move to Texas.

http://www.bizjournals.com/dallas/news/2015/05/14/kubota-tractor-corp-relocating-u-s-headquarters-to.html

[Xavier_Onassis]

It's a damn company dodging taxes , you will not benefit or suffer, who the hell cares?

[Christians4LessGvt]

who the hell cares?

exactly!
California....listen to XO.....take that same attitude...."who cares!"
and let 'em keep moving to Texas!
Ha Ha Ha Ha....

[Xavier_Onassis]

You have a very adolescent attitude about your constant blather about corporations moving to Texas. Actual people's lives are affected. Many people lose their jobs and cannot relocate.and you seem entirely insensitive to corporations forcing their employees to relocate.

It is not a fucking sports game.  Actual people are seriously inconvenienced when some damn corporation moves out of greed. 

What sort of welcome is it when you tell people how many places they have to lock them up?

[Christians4LessGvt]

You have a very adolescent attitude about your constant blather about corporations moving to Texas. Actual people's lives are affected. Many people lose their jobs and cannot relocate.and
you seem entirely insensitive to corporations forcing their employees to relocate.

You have a very adolescent and arrogant attitude about companies telling your liberal ways to F-OFF
and fleeing from your view on what life should be IMPOSED on people. You can't stand that companies
have FREEDOM to leave your control freak ways and they have options to do what the hell they want to do
to be a more successful business. You're right it's not a sports game, it's people's lives you liberals
are disrupting and causing pain to the degree that companies will flee....just like the control freaks in
Cuban cause people to flee at any costs!

[Christians4LessGvt]

"in January, Texas added 30,000 new jobs, while in February California lost 31,000 jobs. And that's not all. Frank points out individual taxes are so much higher in California that when people move to Texas most get a 10 percent pay raise, due to the lack of an income tax. The companies get a 10 percent rise in profits, due to lack of state corporate tax. It is win-win in Texas and lose-lose in California."

http://www.newsmax.com/Reagan/Companies-California-Texas-Perry/2014/04/04/id/563795/

[sirs]

And the real scary part is how its perptuating.  People will cite that the population #'s are largely level, even "increasing".  What they purposely ignore is that while we hemmorhage higher skilled jobs & companies to other states, CA, with the mass movement of encouraging & supporting low skilled (if not no-skilled) illegal immigrants, we're literally importing poverty, which of course will need greater and greater government services (read tax payer $$$$'s).  and since Government can only take money, that increased financial cost is placed directly on companies as well as the middle & upper classes.  And as a result, you have a recipe for the employment disaster hitting CA, yet will solidify ongoing Democrat control of the state, since you'll have more and more residents of CA, both legal & illegal, who either work for the Government or beholden to it

[Xavier_Onassis]

Who gives a shit?

Many of the people who lost their jobs when the company decided to move were Republicans.

[Plane]

And the real scary part is how its perptuating.  ....

   Yes , this is the phenomenon of positive feedback.

     When you put a speed control on an engine , you set it up to produce negative feedback.
     As the RPMs get too high the throttle is closed and as the RPMs get too low the throttle is opened.

      Imagine setting up a system that gave the engine more gas when it was fast and closed the throttle when it was too slow, an engine set up like this would spend zero time at optimum RPM.It would always be running away or shutting itself down.

      In politics we have often set up positive feedback systems where optimums are overshot and good numbers can't be maintained.

     It just isn't always true that when little is good , more is always better.

[sirs]

Who gives a shit?

People who care about this country and the disaster being wrought upon it, by reckless & irresponsible policies, imposed by liberal & socialist politicians

Many of the people who lost their jobs when the company decided to move were Republicans.

Which has absolutely NOTHING to do with the points being made or the topic of the thread       I mean, seriously, that has much relevence as claiming that many Vegans lost their jobs, when the company decided to move.  I'm sure many Catholics lost their jobs as well

[Xavier_Onassis]

It is just idiotic for CU4 to pull out his giant foam "Yay Texas" finger every time that some corporation moves to Texas. There are probably a lot of businesses that leave Texas as well.

My point is that people losing their jobs so a few at the top of the company can make more is not some sort of sport.

There are few things that are more disturbing to a person than losing a job: it is a major cause od=f suicide and bankruptcy and is not really anything to be gleeful about.

[sirs]

What's idiotic is trying to pit my CA Republicans as having lost out to Cu4's TX Republicans, as if this was some game or race, when we both know its not.  Its about policies that Government imposes...some of which are harmful if not detrimental to business, faciltiating their departure from such an inhospitable business enviroment,.... if they financially can.  While some of which are inviting to business, which translates into increasing product consumption, employee growth, employee satisfaction, and subsequent increased revenues for the state/government that passed such business friendly policies, in the 1st place

Texas isn't doing anything to CA Republicans.  CA is doing to CA Republicans, all by itself.  Companies in the U.S., as most compaines focus on profit.  Profit then gets passed on to EVERYONE & EVERYTHING, shareholders, employees, management, product improvement, expansion.....all of which IMPROVES employee conditions and employment #'s.  I realize the mere thought of profit causes you to get nauseous, and the money CEO's can make is ridiculous.  No more ridiculous than what George Soros makes, or Steven Spielberg, or any of the uber payed left wing acters/celebrities.  But that doesn't absolve the fact that its a GOOD think for both businesses and employees, to make money......the more, the better....for everyone.  Companies moving out aren't doing it for the higher-ups to make money....they're doing it because its financially better for their company's existance and progress

So you can BMW about jobs being lost until your blue in the face.  The bottom line is its the very policies of liberals like yourself that brings so much of it to fruition.  Congrats on contributing to any increase in suicides & bankruptcy

[Plane]

My point is that people losing their jobs so a few at the top of the company can make more is not some sort of sport.

What of the marginal companies, where one of the choices is failure?

Lots of businesses fail, this is especially common with businesses that are not very old or not very big. It is small businesses that employ the most people , and that are the most responsive to public need.

If by moving to Texas my business improved its margins and made survival more likely , wouldn't it be irresponsible to stay where failure was more likely?

   With every regulation and tax that is increased there are businesses just barely making it who will be negatively affected and some of these will be lost to this last straw.

     Then of course , a few different businesses become marginal and barely surviving, waiting on the next new regulation or tax with the trepidation of Damocles at dinner. 



http://www.livius.org/sh-si/sicily/sicily_t11.html

[sirs]

BINGO!

[Plane]

BINGO!

HAHAHAAhahahaha.....


I am glad XO is relatively tolerant.