There’s certainly more diversity in parts of California, and “low funding” may refer to incentives and tax breaks given to companies to do business in an area.

Where are they going?

Easy. Home.

Remote work, despite what many of the Business Journals have been doomsaying, is still very much a viable option. So they don’t have to stay in Texas, and they can operate from wherever.

North Carolina.

https://www.techelevator.com/north-carolina-tech-companies-are-thriving/#:~:text=In fact%2C Apple%2C Google%2C,creating thousands of new jobs.