MEGA LED Technology, has decided to pack up and move to the Dallas/Forth Worth area! Why the move? Well, it all comes down to economics and location and the savings that comes along with that. We’re able to turn around and pass those savings onto you! Our customers.
MEGA LED Technology moved for – Location Location Location!
Texas is located in the heart of the country. Its, proximity to every other state is matched only perhaps by Kansas, being in the true heart of the continental United States. Yet Texas’ growing economy as well as its location make it an ideal candidate for the move. Making an LED sign in California, and then shipping it to Michigan or New York, for example, required a lot more time to ship, funds for gas, compensation for our drivers, and other costs associated with designing, producing, and shipping out an LED sign.
As a result, these additional costs get factored into the final price of the product. This move was able to cut out some of those costs, and in turn pass the savings onto you! The consumer.
Cost Reduction
Since 2010 over half a million people have moved from California to Texas, their reasons vary but one thing cannot be denied. Texas definitely costs less! California corporate income tax is around 8.84% at the time of writing this article. In Texas, there is no corporate tax or state income tax! That is already a 20% savings, that we then can pass onto you, the consumer. Additionally the overall cost of living in the Dallas area is 25% lower than that in Los Angeles, while the Fort Worth area is 37% lower! This means we can continue to pay our employees that same amount, so that they can enjoy a higher standard of living as well. All around it equals higher savings, while simultaneously lowering the cost of day to day operations.
MEGA LED Technology moved, along with many other notable companies!
Google, Apple, Hewitt Packard, Tesla, Real Estate Broke CBRE, and Oracle have all made the move from California to Texas. Although their reasons may be different, one thing they will all have in common is the fact that they will pay no corporate taxes, or state income tax. At the end of the day, Texas is very friendly towards businesses, both small and large. With strict safety measures in place against Covid-19, MEGA plans to join the ranks of these respected companies, and claim its title as an Industry leader for Digital, and LED signs.
Our valued employees will experience a better quality of life
Here at MEGA LED Technology, we understand that without productive, hard-working, and happy employees, our signs will only be as strong as our weakest link. This is why we value our employees and incentivize them to continue working for MEGA even after the move. In fact, just under half of our work force is moving with us! The ones that cannot make the move for whatever reason, are still working for MEGA in other capacities in a new office! The lower costs of living and the savings means that we can continue to pay our employees the same salary. As a result, several of our employees have begun the process of buying a house!
In addition, MEGA has hired new full time employees, stimulating the economy of the Dallas/Forth Worth area (if only just a little bit).
MEGA LED Technology moved, and that is a good sign for everyone involved, including you, our valued customers! For more information, or to schedule a tour of our new facility in the Dallas/Fort Worth area, reach out to us here!
