Monthly Archives January 2019

California Companies Look East for Affordable Housing

The other day I received a call from a small business owner in California who wants to relocate his business. He named five states that he’d like me to review with two stipulations: “I’ve got to know how friendly their business climates are, and I want you to look at the cost of housing.” The next thing he said I’ve heard time and again: “I pay my employees well but many of them can’t afford to buy homes in Los Angeles. I want to know where they can.” Major corporations in California also are concerned about housing costs and some
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Bit by Bit, California Media Starting to Focus on Businesses Leaving the State

Having enjoyed a stroll under the Arc de Triomphe in Paris, I was taken aback by scenes of the police there firing tear gas and water cannon toward “yellow vest” protestors – people who are showing in very public ways their unhappiness with an overbearing government. While the French resistance is widely broadcast, there is another resistance underway. It is in California and is one that receives scant media coverage. In short, businesses are refusing to accept any more bullying by California state government, which is reflected in the fact that at least 13,000 companies have departed for business-friendly locations
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Wall Street Journal, Others Cite New ‘Leaving California’ Study

Thank you Wall Street Journal for reporting on my new, comprehensive study of the who, what, when, where and why companies are leaving California for business-friendly locations. Their editorial, entitled, “High-Tax State Exodus” said: Jobs and businesses have fled California’s high taxes and regulation. A study by consultant Joe Vranich estimates that 1,800 businesses shifted jobs or capital out of state in 2016 and about 13,000 companies left the state since 2008. In the last decade $76.7 billion in capital and 275,000 jobs have moved out of the state. Considering that I worked on the report for two years (!),
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