Monthly Archives December 2021

Hapag-Lloyd to Move North American HQ from New Jersey to Georgia

Another company is relocating from a business-unfriendly, high-tax state to a friendlier location. German multinational liner shipping company Hapag-Lloyd will invest $18 million in its new North American headquarters to be located in Dunwoody, Georgia, creating an additional 250 jobs in the metro Atlanta region. It’s unclear how many, if any, headquarters-related jobs will remain in Piscataway, New Jersey. Based in Hamburg, Germany, and with a fleet of over 250 container ships and a total transport capacity of 1.8 million TEUs (Twenty-foot Equivalent Units), Hapag-Lloyd is one of the world’s leading liner shipping companies. The company will open its new
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California Gov. Gavin Newsom Misleads the Public (Again)

California Gov. Gavin Newsom took a swipe at Florida today when comparing the state’s economies, claiming that California’s was better. I knew that was nonsense based on facts at hand. A key finding of how corporate leaders rank a state’s business climate is reflected in Chief Executive magazine’s 2021 survey, “The Best and Worst States for Business,” which found that the best three states were Texas at #1, followed by Florida and Tennessee. California ranked at the very bottom at 50. Gov. Newsom should be embarrassed by his gross exaggerations, but, then again, considering his history such statements aren’t surprising.
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New Rankings Disrespect Management of Companies Based in Flyover Country

The bias of coastal elites about businesses in different states shows itself again — this is a great column from the Flyover Coalition. Well worth reading. — Joe “It’s no surprise that the latest “authoritative” ranking of management acumen at U.S. companies relegates those headquartered in Flyover Country mostly to the bottom of the list. But this list sure is frustrating – and wrong-headed. And its bias matters. The Wall Street Journal just published its annual “Management Top 250” ranking, developed by the Drucker Institute, which purported to measure “corporate effectiveness” by examining performance in five areas: customer satisfaction, employee
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More of the World Understands California’s Out-Migration

Business, economic and political leaders – many of whom read The Economist – probably raised their eyebrows while reviewing a detailed column about people and companies leaving California for better environments. Yesterday’s Economist reported findings from my report published by the Hoover Institution at Stanford University about California companies moving their headquarters to other states at an unprecedented rate. For the first six months of this year, at least 114 California companies have moved their HQs across state lines, a monthly average that is double the rate for each of the years 2020, 2019, and 2018. Gov. Gavin Newsom may
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