Companies Leaving California
Revance Therapeutics Leaves California for Tennessee
Revance Therapeutics left California for Tennessee in 2020. The company employs approximately 450 people, though it is unclear how many were directly affected by the relocation.
In Buildremote's database of companies leaving California, Revance Therapeutics is one of 12 companies that have moved to Tennessee — 6% of our total database, and one of 39 that left (19% of all tracked departures) in 2020. Revance Therapeutics is also one of 71 companies with between 100 and 999 employees to have left the state, accounting for 34% of all relocations in our database.
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Moved To
Tennessee
When
12/17/2020
Employees
450
Moved From
California
""Nashville is one of the top business growth areas in the U.S. offering an educated, diverse and growing population along with a favorable tax and policy environment for companies like ours."" — Source
Frequently Asked Questions
When did Revance Therapeutics leave California?
Revance Therapeutics left California in 12/17/2020.
Where is Revance Therapeutics headquartered now?
Revance Therapeutics relocated its headquarters to Tennessee after leaving California.
Why Are Companies Leaving California?
Companies cite a consistent set of reasons for leaving California: taxes, regulation, and the cost of living. Executives have pointed to the ability to reduce state corporate tax rates by more than a third after relocating, and many describe searching for a "more sustainable place to do business." California's regulatory environment is frequently mentioned — in the state, "local rules could dictate how the company chooses board members, for instance."
Talent is another major factor. While California has long been a talent magnet, executives now describe finding "a great talent pool" in their new states — and the ability for employees to actually afford to live there. As one CEO put it, their employees can be homeowners in Texas, "which in the Bay Area is virtually impossible."
Others cite cultural reasons: an "increasing intolerance and monoculture of Silicon Valley," and a desire to find a state with "a strong economic climate with low taxes, reasonable regulations, and a high-caliber workforce." States like Texas, Florida, and Arizona have actively marketed themselves as alternatives — Arizona, for instance, offering "the ideal conditions of being business-friendly, offering a high quality of life at reasonable cost."
For many companies, the decision comes down to practical business needs: "our business needs, opportunities for cost savings, and team members" — and an acknowledgment that there were "some symmetries in the way that the Bay Area works that just didn't really work well for us."
Buildremote Research
Companies Leaving California — The Complete Database
Every company that has left California since 2020. Destinations, dates, employee counts, and sources — all in one spreadsheet.
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Data compiled by Buildremote. Last updated April 23, 2026. Sources linked above.