The trouble with mercenaries is that they can be bought. For example, the state of Texas bribed fair and square - errr, gave $40M and lots of tax incentives - to International Sematech, the big consortium of semiconductor manufacturers, in 2004 in exchange for them staying in Austin. That worked out really well for all concerned: today Sematech announced that they're picking up and moving to Albany because New York offered them more money. If I was Gov. Perry, I'd be pretty annoyed.
Update: Some Sematech people came to Rice yesterday and were grilled a bit about this. They say that the New York business is a parallel operation and won't affect their Texas activities; they also said that the reporting on this was pretty awful. Interesting. I guess time will tell about how much the focus of their work shifts to Albany. Given that the state of NY put over $3B into that setup, it seems like Texas will either have to do something similar, or face a possible eventual slide into secondary status.