Posted on 11/17/2015 9:10:09 AM PST by smartyaz
Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Texas has been a prime beneficiary of the Golden State’s “hostile†business environment. Phoenix was not far behind.
That’s the conclusion of a study by Joseph Vranich, a site selection consultant and president of Irvine, California-based Spectrum Location Solutions.
Of the 9,000 businesses that he estimates disinvested in California, some relocated completely while others kept their headquarters in California but targeted out-of-state locations for expansions, Vranich found. The report did not count instances of companies opening a new out-of-state facility to tap a growing market, an act unrelated to California’s business environment.
It’s typical for companies leaving California to experience operating cost savings of 20 up to 35 percent, Vranich said. He said in an email to the Dallas Business Journal that he considers the results of the seven-year, 378-page study “astonishing.â€
“I even wonder if some kind of ‘business migration history’ has been made,†Vranich wrote in his note.
Los Angeles led the Top 15 California counties with the highest number of disinvestment events, followed by: (2) Orange, (3) Santa Clara, (4) San Francisco, (5) San Diego, (6) Alameda, (7) San Mateo, (8) Ventura, (9) Sacramento, (10) Riverside, (11) San Bernardino, (12) Contra Costa tied with Santa Barbara, (13) San Joaquin, (14) Stanislaus and (15) Sonoma . Companies continue to leave California because of rising costs and concerns over the state’s “hostile†business environment, according to the study, which also names companies and provides details of business disinvestments in the state.
(Excerpt) Read more at bizjournals.com ...
Sadly it has changed Texas for the worse. While some of the economic gain was great, we have people here now who do not love Texas and are trying to make us like California, Seattle or wherever whence they came.
This must have helped moved California’s “income disparity” numbers closer to equality, right?
Boll Weevils in reverse — would they be “Evil Slobs?”
“Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years...”
And not to mention the tens of thousands of small businesses have also moved or shut-down. I was a small business owner with 5 employees in addition to my wife and myself, but closed the doors and went back to work for somebody else due to the excessive taxation and regulations imposed by the state. It just wasn’t worth it any longer and I’m happier now without the stress.
They replaced their businesses with government spending, paid for by the US taxpayers. That will come to a screeching halt when the government runs out of Other People’s Money. Their sizable parasite population of illegals would have to get off the dried up teat of state subsidies. Texas should build a fence all the way around its borders.
They lost 9,000 business.
Yet welcomed 900,000 illegals to their welfare roles.
“They lost 9,000 business. Yet welcomed 900,000 illegals to their welfare roles.”
You’re under counting the number of illegal foreign nationals we took in.
I suggest that you and your fellow Texans identify who those people are and then refuse to do business or even socialize with them. Ostracize them to the point where they are so uncomfortable that they are compelled to flee back to the place that spawned them.
Mostly concentrated in Whacko Austin, no doubt.
I’m in CA, and it’s baaaad. My area (San Diego) has remained right of center, but it’s getting worse by bounds. My company, founded in San Diego, moved its HQ to the NoVA high tech corridor, and now we’re a shadow of our former selves in CA. Buck Knives moved out to Idaho. We still have WD-40, Qualcomm (struggling), Jack-in-the-Box, and others, but the ‘RATS led by Gov. Moonbeam 2.0 are crushing businesses and the entire state in every conceivable way.
That’s what fear. These “mentally defective” people will come from states that THEY created because their liberalism has killed the economy/state and they move to another state and try to exercise the same load of _rap on us. It’s almost like spreading disease.
If you look at Texas vs the other states, Texas is doing well but at the expense of the other states.
But how is Texas, and the U.S. for that matter, doing vs imports? Are businesses moving here from overseas?
I don’t think so.
Thanks, Obama.
Hollywood is even slowly, incrementally moving out.
Most of the studios are ending up in Georgia.
The downside of this is that those Liberal businesses people brought their stupid Liberal California disease with them.
They will undermine the states in which they settle to be more like that mess they came from.
Heeeey, man, bummer, man.
Pass me that joint, willya?
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