Posted on 12/25/2012 2:02:32 PM PST by Kolath
Chevron is California’s largest corporation, but it seems to be making the move to becoming Texas’ largest corporation instead. That’s 800 jobs out the door which gives Chevron a larger presence in Texas than it still has in California.
(Excerpt) Read more at frontpagemag.com ...
According to Rick Snyder, the MEDC (Michigan economic development Corp.) has seen a significant uptick in inquiries over the past week since the passage of RTW, considerable relaxation of regulations and tax cuts.
He said its too early to name names but there is considerable interest.
California killed the goose that was laying the golden eggs.
+++++++++++++++++++++++
Killed, eaten, and now demanding that you fork over your golden eggs.
The only companies that can’t leave California are produce companies, because that’s where the growing is. Beyond that, I think this is only the beginning.
These are top tier companies within their respective industries, moving away.
Usually not all at once.
It took Fluor Corp. about 20 years to migrate out of California. It was headquartered in California since its founding at the start of the 20th century, and it became one of the largest international engineering companies in the world.
Southern California also housed its largest operating division, followed by Houston, in size.
Starting in the 1980s customers called for work to be done in Texas, to save costs, in the largely cost-plus mode of business.
By the early 2000s most employment had shifted to Texas, finalized by moving the corporation’s headquarters to Irving TX, a Dallas suburb.
Fluor and Bechtel (San Francisco) frequentlycompete for #1 in the world, measured by Engineering News Record, an industry magazine.
https://enr.construction.com/toplists/DesignBuild/001-100.asp
The pattern repeats, concerning Real Estate Title Insurers.
First American is the nation’s largest. Fidelity is 2nd.
A few years ago Fidelity moved corporate Hq. from Santa Barbara CA, to Jacksonville FL.
Northrup-Grumann is one of the largest Defense contractors, and they recently moved Corp. Hq. from SoCal to a Wash. DC subrb.
California lawmakers can’t be oblivious to these facts.
Once gone, the Corporate taxes and employee taxes paid in California go away permanently.
California once had weather, lifestyle and growing economy to attract businesses and employees.
Now just weather. If you plan to be a young adult without a good job, it is still a fun place for you, your skateboard, etc.
So bye-bye, Miss American Pie.
Drove my chevron to the levee,
But the levee was dry
Sad to see this happening to what was once the best spot in the lower 48 (and my birthplace), but it is what it is.
Hopefully one day after California hits rock bottom, the citizens there will begin demanding more conservative governance. Until then, the exodus will continue.
Can’t fix stupid and apparantly can’t vote it out either. The termites will literally have to destroy the edifice and come crashing down. Disgusted with the whole lot of them and yet they multiply. Help us O God.
When I left California seven years ago, I left behind the place of my birth, my entire immediate and extended family, and every friend I'd ever known. I sold our house, shut down our very successful business, and moved everything to Texas.
Yes, it took courage, but given the future my kids were facing in California, I did it without losing a minute of sleep. Anyone can leave the state if they've got a strong enough purpose to do so.
I wouldn't bet good money on that.
Dallas/Ft. Worth or Houston?
You can buy two or three nice houses in Texas for what your home in California costs. And Texas is one of the few places that still has jobs and an economy.
http://www.indeed.com/jobs?q=&l=76208
Don't give nObama or his team of minions, hangers-on and disciples any ideas! I doubt even John Galt could extricate us from the crap sandwich that Washington will be force-feeding us next year.
My first reaction was that this move would be a boon to Texas’ economy but on second thought I also realize that this also means 800 more liberals to screw up the vote next time around.
There are already many cars cruising around in Houston with foreign license plates that say ‘Land of Lincoln’, ‘The Garden State’ and ‘The Golden State’, etc.
Pretty soon Texas will become just like the states that these folks are trying to escape.
Agree. Exit taxes are coming to the thug, socialist states.
Happened to New Hampshire, almost overnight.
While the illegals are sneaking into CA,
Legals will sneaking out, to avoid the coming Exit Taxes.
Welcome....but leave your looney Leftist ideas at the border. We like Texas the way it is. If you don’t, move to one of the sink-hole states that have more government jobs than private sector jobs.
“You can buy two or three nice houses in Texas for what your home in California costs. And Texas is one of the few places that still has jobs and an economy.”
Yep I moved away 7 years ago and took my house windfall and bought nice home in downtown Houston, a lake house on a acre with boathouse, a 85 acre ranch and a marina.
Cheap cheap here and land now is the #1investment
Gone to Texas
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