Public Storage DUMPS California for Texas—Newsom's Economy in FREEFALL

Public Storage, the nation's largest self-storage company, is relocating its corporate headquarters from Glendale, California, to Frisco, Texas. This move highlights the ongoing trend of companies leaving California for states with more favorable business environments. CEO Thomas Boyle cited the depth of talent and innovation in the Dallas area as a key factor. Public Storage, a member of the S&P 500, reported nearly $3.8 billion in revenue in 2025. This relocation underscores California's struggles to retain major corporations amid rising costs and regulatory challenges, further fueling the debate over economic policies and business climates in different states. The move could impact California's economy, and Texas' economy will likely benefit from this major corporation's relocation.