Many Companies Flee California For More Business-Friendly States
“Companies are “disinvesting” in California at a rate five times greater than just two years ago.”
We don’t blame companies from wanting to leave states like CA and NY, due mostly to their very anti-jobs stance, high taxes, and strict regulations.
This is great news for all other business-friendly states, who would love to have these companies move to their states.
…Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of California companies are seeking friendlier business environments outside of the Golden State.
And governors around the country, smelling blood in the water, have stepped up their courtship of California companies. Officials in states like Florida, Texas, Arizona and Utah are telling California firms how business-friendly they are in comparison.
Companies are “disinvesting” in California at a rate five times greater than just two years ago, said Joseph Vranich, a business relocation expert based in Irvine. This includes leaving altogether, establishing divisions elsewhere or opting not to set up shop in California.
“There is a feeling that the state is not stable,” Vranich said. “Sacramento can’t
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