Two tech startups headquartered in the San Francisco Bay Area said Tuesday they’re expanding elsewhere, establishing offices and hiring hundreds of employees in North Carolina and Arizona at much lower costs than here.

San Francisco fintech Credit Karma, which only last week said it would enter the tax-preparation business, wasted no time in staking out an office for the service in Charlotte. Palo Alto-based Houzz, a home remodeling and design web site, will open a sales and client services office in Tempe.

Read the full article at SF Business Times (Paywall).