Monthly Archives November 2021

Another Company Moves HQ Out of California: This One to Tennessee

Gutterglove Inc., which manufactures professional-grade stainless steel gutter guards, will settle in its new office in Franklin, Tennessee in January. Its home office has been in Roseville in Placer County, near Sacramento. The change follows the company’s $5.4 million investment last December to build a factory in La Vergne, Tennessee. See more at Gutterglove Inc. to move headquarters to Franklin in January. This is but one of many California companies moving their headquarters to other states – which in 2021 is running at twice the rate of recent years – as outlined in Why Company Headquarters Are Leaving California in Unprecedented Numbers (PDF).
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Jaw-Dropping News: Companies Investing $48.1 Billion in New Factories in Texas

Economic development professionals in Texas will remember this November for a long time as the month saw announcements for three record-breaking, colossal construction projects. It’s fair to call them “Texas-sized.” First, Texas Instruments (TI) said it will build a $30 billion semiconductor fabrication plant in Sherman, which is about midway between Dallas and the Oklahoma border (an area often referred to as Texoma). Next, Samsung Electronics, Co., Ltd., announced that it will construct a $17 billion semiconductor manufacturing facility in Taylor, which is near Austin. Also, Tesla just revealed that its Gigafactory in Austin – where construction and interior finishing
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Top Tax Rate on Personal Income Would Be Highest in OECD under Biden’s So-Called ‘Build Back Better’ Framework

Why is this issue so alarming? Because many small business owners pay taxes through their personal income tax returns. I’m stunned to learn that “Under the latest iteration of the House Build Back Better Act (BBBA), the average top tax rate on personal income would reach 57.4 percent, giving the U.S. the highest rate in the Organisation for Economic Co-operation and Development (OECD). All 50 states plus the District of Columbia would have top tax rates on personal income exceeding 50 percent.” “Eight states plus the District of Colombia would face top tax rates higher than 60 percent. Taxpayers in New York and
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Another California HQ Departure: Old Gringo Boots Relocating to Fort Worth, Texas

Excuse my stereotyping: I didn’t know a company that produces handcrafted leather boots would be headquartered in California. Well, not much longer. Old Gringo Boots is moving from San Diego to Fort Worth where the company will open the new office, along with its first retail store, in early 2022 and eventually will hire 100 employees. “After 20 years in Sunny California, we have relocated our headquarters to the City of Cowboys and Culture. As one of the fastest-growing cities, Fort Worth aligns with our entrepreneurial spirit and connects us with our love for the Modern West. Relocating to Texas
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California’s Future Workforce To Have Worse Skills Than They Do Today

California’s New Diversity Math Curriculum Will Fail 6 Million Kids Annually: by Lee Ohanian, The Hoover Institution Nearly 1,000 Californians—experts in math instruction and math application—have signed an open letter that shows why the diversity math curriculum proposed by the California Department of Education (CDE) could devastate learning for the state’s 6 million kids in public K–12 schools. The opening paragraph of the letter summarizes the signatories’ opinion: “For all the rhetoric in this framework about equity, social justice, environmental care and culturally appropriate pedagogy, there is no realistic hope for a more fair, just, equal and well-stewarded society if
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