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1800 Companies left California in a year with most bound for Texas
Posted on 12/18/18 at 4:12 pm
Posted on 12/18/18 at 4:12 pm
A new study shows that 1,800 companies left California in 2016, the most recent year figures were available. The main destination for those relocations to more business-friendly states was Texas, according to research by Spectrum Location Solutions LLC.
Spectrum Location Solutions’ Joseph Vranich, the study author, says, “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.”
Vranich added, “The top reason to leave the state no longer is high taxes. The legal climate has become so difficult that companies should consider locating in jurisdictions where they will be treated fairly.”
The top 10 states starting in the order of those that gained the most from California business relocations were (1) Texas, which has held the first-place distinction for at least a decade, (2) Nevada, (3) Arizona, (4) Colorado, (5) Oregon, (6) Washington, (7) North Carolina, (8) Florida, (9) Georgia and (10) Virginia.
The top 10 municipalities gaining company migrations from California were (1) Austin, (2) Reno, (3) Las Vegas, (4) Phoenix, (5) Seattle, (6) Dallas, (7) Portland, OR, (8) Denver, (9) San Antonio and (10) Scottsdale.
During the study period, $76.7 billion in capital funds were diverted out of California, along with 275,000 jobs.
Companies acquired at least 133 million square feet elsewhere, a figure that may not reflect the total, since not all relocation facility footage was reported, notes Vranich.
LINK
$3bil company DJO announces plans to move Corporate HQ to Lewisville, TX
Apple to build 1 billion dollar complex in Austin hiring 20000
Spectrum Location Solutions’ Joseph Vranich, the study author, says, “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.”
Vranich added, “The top reason to leave the state no longer is high taxes. The legal climate has become so difficult that companies should consider locating in jurisdictions where they will be treated fairly.”
The top 10 states starting in the order of those that gained the most from California business relocations were (1) Texas, which has held the first-place distinction for at least a decade, (2) Nevada, (3) Arizona, (4) Colorado, (5) Oregon, (6) Washington, (7) North Carolina, (8) Florida, (9) Georgia and (10) Virginia.
The top 10 municipalities gaining company migrations from California were (1) Austin, (2) Reno, (3) Las Vegas, (4) Phoenix, (5) Seattle, (6) Dallas, (7) Portland, OR, (8) Denver, (9) San Antonio and (10) Scottsdale.
During the study period, $76.7 billion in capital funds were diverted out of California, along with 275,000 jobs.
Companies acquired at least 133 million square feet elsewhere, a figure that may not reflect the total, since not all relocation facility footage was reported, notes Vranich.
LINK
$3bil company DJO announces plans to move Corporate HQ to Lewisville, TX
Apple to build 1 billion dollar complex in Austin hiring 20000
This post was edited on 12/18/18 at 4:14 pm
32
Posted on 12/18/18 at 4:14 pm to MrLSU
C’mon Texans, keep breeding prodigiously.
You need to keep outvoting all those locusts coming in from Californy.
You need to keep outvoting all those locusts coming in from Californy.
Posted on 12/18/18 at 4:15 pm to MrLSU
They'll relocate to Texas and vote the same way they did in California and wonder wtf is going on.
Posted on 12/18/18 at 4:15 pm to MrLSU
Muh text taxes
Posted on 12/18/18 at 4:15 pm to MrLSU
quote:
The top 10 municipalities gaining company migrations from California were (1) Austin,
That explains why Austin is so weird and trying to keep it that way.
Posted on 12/18/18 at 4:16 pm to MrLSU
Texas needs to build a wall
Posted on 12/18/18 at 4:16 pm to MrLSU
So which state will they invade next once they keep voting like retards and ruin Texas?
Posted on 12/18/18 at 4:16 pm to MrLSU
Texas will be a Democrat state soon
Posted on 12/18/18 at 4:17 pm to tWildcat
quote:
They'll relocate to Texas and vote the same way they did in California and wonder wtf is going on.
Yep, most of them will. Dumbasses
Posted on 12/18/18 at 4:17 pm to MrLSU
Posted on 12/18/18 at 4:18 pm to MrLSU
quote:
(5) Oregon, (6) Washington,
frick off and go away.
Posted on 12/18/18 at 4:18 pm to tWildcat
quote:
They'll relocate to Texas and vote the same way they did in California and wonder wtf is going on.
Sad but true.
Posted on 12/18/18 at 4:19 pm to TigersSEC2010
Florida or Tennessee, I’m thinking.
They’ll move in and then start pushing the idea of state income taxes to cover all kinds of shite.
They’ll move in and then start pushing the idea of state income taxes to cover all kinds of shite.
Posted on 12/18/18 at 4:22 pm to UncleRuckus
quote:
Texas will be a Democrat state soon
It's a perfect plan, and it is being perfectly executed.
If they move enough in to flip Texas, the dims will be able to cruise to the White House.
And what state would say no to an influx of massive, liberal companies?
It's brilliant. :(
Posted on 12/18/18 at 4:22 pm to MrLSU
Turning Texas liberal one company at a time
Posted on 12/18/18 at 4:23 pm to tWildcat
quote:
They'll relocate to Texas and vote the same way they did in California and wonder wtf is going on.
Exactly.
They relocate to TX because of its more favorable business climate and then seek to elect politicians that want to erode that favorable business climate.
Posted on 12/18/18 at 4:23 pm to tWildcat
Just to keep this from being a common theme in this thread, CA had 4.4 million people vote for trump in 2016. Texas had 4.6. I would guess the people moving out are red, hence helping Tx fight off the Mexican blue vote.
Posted on 12/18/18 at 4:25 pm to TigersSEC2010
quote:
So which state will they invade next once they keep voting like retards and ruin Texas?
hopefully florida, then y'all really fricked.
Posted on 12/18/18 at 4:25 pm to AUCE05
People aren’t moving for political reasons but financial ones. And not necessarily by choice if their company relocates and they want to be employed.
Posted on 12/18/18 at 4:26 pm to TigersSEC2010
quote:
So which state will they invade next once they keep voting like retards and ruin Texas?
they've already ruined colorado
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