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California Disinvestment: How NOT to run a state

Published:

You (should) know you're doing something wrong when "economic development agencies" from other states raid ... er ... visit companies in your state to give presentations on why those companies should relocate to their state.

http://thebusinessrelocationcoach.blogspot.com/2011/06/calif-business-departures-increasing.html

California is such fertile ground that representatives for economic development agencies are visiting companies to dissect our high taxes, extreme regulatory environment and other expenses to show annual savings of between 20 and 40 percent after an out-of-state move.

Officials from 14 states are making such presentations, namely: Arizona, Colorado, Florida, Georgia, Indiana, Louisiana, Nevada, North Carolina, Pennsylvania, South Carolina, Texas, Utah and Virginia – and Ohio is soon to be packing their bags for visits here. These are only the ones I know about; there may be others. Even the states that aren’t visiting are emailing, calling and sending letters to solicit California companies to move outright or select an out-of-state location when expanding.

Read #129. LOL

Entry #583

Comments

1.
TigerAngelComment by TigerAngel - July 7, 2011, 6:42 pm
Wow, I didn't realize businesses were leaving Cali at such an alarming rate. Pretty soon this will just be a welfare state.

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