Residents of Austin, be aware: another technology firm is planning a relocation to the city.

Following closely after Tesla’s CEO, Elon Musk, publicized his move to Texas in a recent interview, and less than two weeks after HP Enterprise, a company originating from the well-known Silicon Valley firm Hewlett-Packard, declared its separate move to Texas, Oracle—another prominent Bay Area brand—is also shifting its operations eastward to Texas.

Bloomberg was the first to report this development. Oracle verified the relocation in a statement provided to TechCrunch, explaining that alongside a “more adaptable employee work location policy,” the company has designated Austin as its new corporate headquarters, replacing Redwood Shores, California. “We are confident that these changes will best enable Oracle’s growth and offer our employees greater flexibility regarding their work arrangements and locations.”

A company representative refrained from providing further details concerning the move, but Oracle stated that “many” of its employees will have the option to select their office location, as well as continue working remotely either part-time or full-time.

HPE and Oracle are not the first significant tech companies to consider such transitions recently. Charles Schwab, a major brokerage firm, announced late last year that it was leaving the Bay Area for Texas concurrent with its $26 billion merger with TD Ameritrade, although it chose Dallas, approximately 200 miles from Austin.

Tech industry leaders Apple and Google have also been expanding their presence within the state. Apple revealed in 2018 its plans to construct a $1 billion campus in Austin. Google, which established its initial Austin office 13 years ago, announced last year that it was beginning to secure considerably more office space in the city.

Factors driving these company relocations include taxes, a reduced cost of living for employees, lower business operating costs, and decreased competition for skilled workers. Additionally, a growing emphasis on cultural considerations is playing a role.

California is politically led by the Democratic party, while Texas is led by the Republican party, and as the ideological gap between these two parties widens, so does the divergence in viewpoints among their respective supporters, with even those identifying as moderate expressing feelings of alienation.

Oracle’s co-founder and Chairman, Larry Ellison, has been a vocal supporter of President Donald Trump, standing out among top tech executives.

Joe Lonsdale, a co-founder of the venture capital firm 8VC and Palantir Technologies (which recently relocated from Palo Alto to Denver), recently explained his personal move to Texas from California in the WSJ, stating: “The political landscape in the state often feels inaccessible to diverse perspectives. We became dissatisfied with California’s intolerant left-wing ideology, which prioritizes condemning opposing viewpoints over engaging in constructive dialogue.”

In a similar discussion with reporter Kara Swisher this fall, Musk indicated his own position outside of Democratic circles, characterizing his political beliefs as “socially very liberal and then economically right of center, maybe, or center? I don’t know. Obviously I’m not a communist.”

While Austin is becoming a favored destination for many of California’s affluent individuals with differing viewpoints, others are choosing Florida. Notably, Florida, like Texas, is a Republican-controlled state that does not impose a state income tax.

Keith Rabois, an investor with Founders Fund who recently moved from the Bay Area to Miami, contributed to the NeverTrump PAC in 2016 and stated his preference for Democratic candidate Pete Buttigieg in this year’s presidential election. However, he has also expressed concerns regarding democratic socialism, a concept frequently criticized by the GOP.

Venture capitalist David Blumberg, a supporter of President Trump, also announced his impending move to Miami. Blumberg cited his dissatisfaction with “ineffective governance at the local level in San Francisco and statewide in California.” He had previously expressed frustration with the Bay Area environment.

As Blumberg shared with Vox last year, he believes that technology platforms exhibit bias against conservatives. He also conveyed to the outlet that the Valley harbors a larger number of Trump supporters than commonly perceived, and that “we generally remain discreet” because “individuals who publicly support Republicans and President Trump may face business repercussions or social ostracism.”

Despite these motivations, a crucial long-term question remains: will these relocations—particularly for individuals and smaller businesses—prove to be lasting?

At least one tech executive, Ev Williams, co-founder of Twitter and Medium, has already returned to the Bay Area after initially moving away—in his case, to New York. Williams, who was “seeking a change,” made the move with his family late last year after two decades in the Bay Area, as he recently told TechCrunch. However, the timing coincided with the onset of the COVID-19 pandemic.

“I had never lived in New York and thought, ‘Why not go? Now seems like a good time.’ It turned out to be a poor decision. [Laughs.] It was a very unfavorable time to relocate to New York.”