In a recent report by the San Francisco Business Times, several Bay Area corporations are relocating due to concerns that include taxes, traffic and the cost of living.
Companies like The North Face, Core-Mark and Bechtel have made plans to relocate within the next year.
The North Face: Headed by its parent company VF Corporation, the San Francisco-based clothing company will begin its move from Alameda to Denver in the spring of 2019 according to the Mercury News.
Core-Mark: The Fortune 500 food supplier company announced in September that it will move from San Francisco to Dallas.
Bechtel: Engineering giant Bechtel will move its employees from San Francisco to Reston, Va., and will end its official move in December.
AJ+: Al Jazeera's digital venture moved from San Francisco to Washington, D.C.
Bare Escentuals: Moved from San Francisco to New York.
Jamba Juice: Moved from Emeryville to Dallas, Texas.
Krave: Moved from Sonoma to Austin, Texas.
Popular states include Texas, Virginia and Colorado which have all become hot spots for companies that are looking to expand and boost attraction to generate business, the Business Times reported.