Governor in Talks with Nasdaq About Relocating to the Lone Star State

AUSTIN – (Realty News Report) – Nasdaq Inc., one of the world’s largest stock exchanges, is considering moving its operations from New Jersey to Texas, Gov. Greg Abbott said.

“I’ve been talking with the Nasdaq stock exchange about moving some of their operations to Texas. They want to flee high taxes,” Abbott said in a Tweet. “I let them know that we just passed a constitutional amendment banning an income tax in Texas.”

Some of the world’s largest tech stocks are listed on the Nasdaq exchange, including Apple, Microsoft, Amazon, Alphabet, Facebook and Tesla.

In Texas, Nasdaq’s site search is focused on the Dallas-Fort Worth market, which may have to compete with Virginia, Illinois and North Carolina because officials from those states have been in touch with Nasdaq, according to the Dallas Morning News.

Abbott has made inroads with Nasdaq by pitching the Lone Star States’ ability to provide electricity from Texas wind farms, the Dallas Morning News reported.

About three years ago, Facebook built a $1 billion data center, powered by wind, at Hillwood’s Alliance Texas development north of Fort Worth. Facebook, which is a heavy hitter on Nasdaq, could influence Nasdaq’s decision to build in Texas. Facebook recently filed construction documents with the state to expand its Alliance facility.

Located near Interstate 35W, Alliance Texas is a 27,000-acre planned development by the Hillwood company, which is led by Ross Perot Jr. The project has an industrial airport, which has attracted many major corporations since it opened in 1989. Facebook’s hyperscale data center campus at Alliance  encompasses 2.5 million square feet over 150 acres –  all powered by 100 percent renewable Texas wind energy.


Oct. 9. 2020 Realty News Report Copyright 2020


File: Governor Talks with Nasdaq


File: 2 – Alliance Texas,  Hillwood, Ross Perot Jr., Facebook, Fort Worth. wind farms, Governor Talks with Nasdaq 10–9-20


 

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