![]() "This has turned into an absolute tidal wave," Abbott added, while noting many companies such as Oracle already had a presence in Texas before their official announcements. No income tax means a lot, but also the freedom to operate without the heavy hand of regulation means a lot," he said. In addition to the pandemic demonstrating the feasibility of more widespread remote work, Abbott said there are other characteristics attracting companies to Texas. that you really don't have to be in Manhattan, for example, in order to be involved in the trading business or the investment business." "We're working across the board because the times of Covid have exposed a lot. "I have been on the phone on a weekly basis with CEOs across the country, and it's not just California," Abbott said on "Fast Money," referencing his meeting last month with officials from the Nasdaq.
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