Monthly Archives June 2020

Site Selection Co. & Private Equity Firm Team to Help
Companies Move from California to Lower Cost States

PITTSBURGH – Investors are launching a new program that will incentivize more companies to leave California – and other states with punishing taxes and regulations, such as New York, New Jersey and Illinois — in favor of friendlier business climates found elsewhere. As of today, a private equity firm will pay relocation costs, making it easier than ever for entrepreneurs to exit troublesome states. Business owners know they can improve profitability through an out-of-state relocation, but many are reluctant to undertake the costs of moving and finding a suitable building or land. “Investors are seeking to provide capital to companies
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Tax Raisers Target Businesses
How Long Will Businesses Stay in California?

Written by Joel Fox, Editor and Co-Publisher of Fox and Hounds Daily Businesses, particularly corporations, are the targets of tax raisers in the legislature, at city hall and on the ballot. Piling on business taxes in a state notorious for its poor attitude toward business, one wonders how long businesses will put up with it before leaving. As Jim Wunderman, the president and CEO of the Bay Area Council told the San Francisco Business Times, “Taxes equal Texas.” The state legislature recently eliminated business tax credits, suspended the net operating loss deduction, and made other moves to find budget revenue
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