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Started By
Message
Dallas nabs another Fortune 500 company
Posted on 9/7/18 at 11:19 am
Posted on 9/7/18 at 11:19 am
LINK
quote:
Core-Mark, a Fortune 500 company based in San Francisco, plans to relocate its corporate headquarters to Westlake in 2019. Scott McPherson, president and CEO of CoreMark Holding Co. Inc. (Nasdaq: CORE), announced the move in an Aug. 7 earnings call, according to a transcript from Seeking Alpha. "Recently, we have finalized plans to relocate Core-Mark’s corporate headquarters to the Dallas-Fort Worth area,” McPherson said. “The move will take place during the first half of 2019. The cost of operating out of the San Francisco Bay Area (is) high, and while San Francisco is our longtime home, the business has expanded dramatically over the years.” Dallas offers more favorable operating costs, lower taxes and a central location for Core-Mark’s nationwide business, McPherson said. “Being closer to our customers and more central to our divisions will create cost and logistical efficiency for us,” he said.
quote:
Core-Mark will be the 23rd Fortune 500 company based in the Dallas-Fort Worth region. DFW is third in the country for the number of Fortune 500 headquarters, behind New York City and Chicago. One of Core-Mark's biggest clients is Irving-based 7-Eleven Inc. The company distributes tobacco products and other items nationwide to convenience stores and other retailers.
14
Posted on 9/7/18 at 11:20 am to RedRifle
The rich get richer. Damn I love Texas. 
Posted on 9/7/18 at 11:21 am to RedRifle
quote:
The company distributes tobacco products and other items nationwide to convenience stores and other retailers.
I see why they were chased out or San Fran.
Posted on 9/7/18 at 11:21 am to RedRifle
But, why didn't they choose Baton Rouge?
Posted on 9/7/18 at 11:22 am to RedRifle
I’m surprised Chicago has that many
Posted on 9/7/18 at 11:22 am to RedRifle
JBE told me we were in contention!!!! 
Posted on 9/7/18 at 11:22 am to MorbidTheClown
quote:
But, why didn't they choose Baton Rouge?
Bc of the threat of St. George
Posted on 9/7/18 at 11:23 am to RedRifle
This is the kind of CA>TX migration I can get behind.
Posted on 9/7/18 at 11:23 am to RedRifle
Posted on 9/7/18 at 11:23 am to ellishughtiger
quote:
see why they were chased out or San Fran.
Because the Business environment is so peachy in San Fran
Liberal economic policies see corporations flee to better pastures.
Posted on 9/7/18 at 11:23 am to RedRifle
Great - more Californians to drive up taxes
Posted on 9/7/18 at 11:24 am to RedRifle
Houston <== Dallas
I'm not shocked a distribution company would leave San Fran under the current climate. They are banning all flavored tobaccos including menthol cigarettes which is a first for any city I believe. Either way, something good for Dallas is good for Texas.
I'm not shocked a distribution company would leave San Fran under the current climate. They are banning all flavored tobaccos including menthol cigarettes which is a first for any city I believe. Either way, something good for Dallas is good for Texas.
Posted on 9/7/18 at 11:25 am to beerJeep
quote:
Because the Business environment is so peachy in San Fran
Liberal economic policies see corporations flee to better pastures.
That's part of it but it's tough to stay competitive when COL is so high.
Posted on 9/7/18 at 11:25 am to RedRifle
Random but the 2 most shocked facts I have ever heard is that Oxford university is older than the Aztec empire and that Monroe has a fortune 500 company headquartered there
Posted on 9/7/18 at 11:26 am to ellishughtiger
quote:
Bc of the threat of St. George
If it’s flavored tobacco, than st George isn’t their target audience. Norf Baton roooooooge however....
Posted on 9/7/18 at 11:26 am to beerJeep
quote:
Liberal economic policies see corporations flee to better pastures.
Then those greener pastures flourish and that brings the liberals with their shite economic policies.
Posted on 9/7/18 at 11:26 am to MorbidTheClown
quote:
But, why didn't they choose Baton Rouge?
Our study didn't get finished fast enough
Posted on 9/7/18 at 11:32 am to SavageTheTiger
quote:
Monroe has a fortune 500 company headquartered there
Not much longer...They wll be gone to Denver soon
Posted on 9/7/18 at 11:32 am to LSUGRAD2008
quote:
Our study didn't get finished fast enough
Y'all should have approved more than a $300K study baw
Posted on 9/7/18 at 11:34 am to RedRifle
7-Eleven HQ is in Cypress Waters, where we are heading! 
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