The Walt Disney Company is Moving its HQ to Florida After a Century

The Walt Disney Company has had its headquarters in California since 1923 - that's over a century. Now, it will find it's new home in Lake Nona, Florida - just 18 miles from the Disney World theme park.

The plan to move was announced in 2021, with the goal to be fully established in Florida by the end of 2022. This move would include bringing over 2,000 employees from California to Florida, as well as creating more jobs in the Disney Parks, Experiences, and Products division, along with some international parks positions. Ultimately, 90% of the Walt Disney Imagineering department. Those who work full-time on Disneyland Resort projects will remain in California.

Why the change? Florida tax breaks could be a contributing factor. The Walt Disney Company could claim above $570 million in tax breaks, becoming a new record for the largest tax break for a single corporation in Florida, according to the Orlando Sentinel. Not to mention, the Walt Disney World theme parks are a big reason why Florida can already afford to be a no income tax state.

We will see a big change coming to the Florida parks with this move, hopefully getting the best of the best attractions that the Walt Disney Company has to offer. More information can be found on AllEars.

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