Samsung Electronics America is relocating its U.S. headquarters from New Jersey to Texas. This move will impact approximately 1,000 employees, who must either move or face job loss. Lawmakers and business leaders express concern that the state's business climate is driving companies away. They cite high corporate taxes and regulatory burdens as contributing factors. This departure follows a trend of other major corporations leaving the state.
Englewood Cliffs, New Jersey
https://www.nj.com/business/2026/07/nj-just-lost-another-fortune-500-giant-lawmaker-warns-the-state-is-driving-business-away.html