Totally assinine.
California is such a business-friendly state.
In my area here, there used to be about 30 dairy farms locally, 2/3 decades back. Now, about 2 left. Drive around and one can see shut down dairy farms here and there. Buildings empty. The owners having given up, sold or moved out of the state.
But housing developments? Shopping malls? Recent ones and more under construction everywhere!
Job-producing factories? Sorry, not in this state.