SouthStar Communities "A record number of companies are leaving California for states with a better business climate, and a new report shows that Texas remains their No. 1 destination.
"The study estimates that 1,800 relocation or "disinvestment events" occurred in 2016, the most recent year available, setting a record yearly high going back to 2008. About 13,000 companies left the state during that nine-year period.
"Of the 1,800 events, 299 of those departures landed in Texas. …
"In the past three years, California companies - like Toyota Motor North America (NYSE: TM), Kubota Tractor Corporation, Charles Schwab Corp. (NYSE: SCHW) and Jamba Juice, among others - have announced corporate moves or regional hub launches in North Texas. …
" 'Departures are understandable when year after year CEOs nationwide surveyed by Chief Executive Magazine have declared California the worst state in which to do business," said Vranich, a corporate relocation expert who jokes that he loves California's weather, but not its business climate. Until recently, Spectrum and Vranich were based in Irvine, Calif. …
"Hostility toward businesses, high utility and labor costs, punitive regulations and worrisome housing affordability for employees are among California's other negatives, Vranich said. …
" 'Signs are that California politicians' contempt for business will persist," he said." . . . More here
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