05/15/2024

News

CKE Restaurants To Move Headquarters To Franklin

CKE Restaurants Holdings, Inc. on Wednesday announced the company will relocate its corporate headquarters from Carpinteria, Calif. to Franklin.

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Software Development: Driving San Deigo’s Tech Ecosystem

This study deconstructs software in San Diego beyond the region’s software publishers and IT firms, and displays how the technology is changing the landscape of all types of innovation in San Diego.

Research & Studies
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America’s Software And Tech Hotspots

Essentially we may be witnessing two parallel, and notionally conflicting developments, notes analyst Mark Schill of the Praxis Strategy Group. There are clearly a series of regions, as identified by the report, that have achieved critical mass in software and across many other tech fields. Yet at the same time, the most rapid growth is taking place largely in non-traditional tech hubs, including places like Salt Lake City, San Antonio, and Phoenix, all seeing rapid growth in tech jobs as well as a growing concentration.

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Bay Area Company Signs Tentative Deal for 2,500 Jobs in Elk Grove

Elk Grove officials have signed a tentative deal with a Bay Area tech company to bring 2,500 manufacturing jobs to the city.

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We Have to Create Accountability or California Will Keep Bashing Businesses

The double standard in the way California treats businesses and public agencies is enough to turn the stomach of any business owner. Without more voters becoming concerned, we will continue to see company relocations to friendlier states, or – as in the case of Kallisto Greenhouses – simply go out of business.

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Bye, Bye Carl’s Jr.: parent Company CKE Moving California HQ to Nashville

Carpinteria-based CKE Restaurants, which also owns St. Louis-based Hardee’s, is consolidating both offices in Tennessee, where it has several company-owned restaurants. All senior executives, including Chief Executive Andrew F. Puzder will be moving to Nashville, Chief Marketing Officer Brad Haley said.

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California Migration

In recent years, California has experienced negative domestic migration, meaning more people are moving from California to other states than the number of residents moving to California from other parts of the country. Statistics on the characteristics of California’s inbound and outbound migrants suggest patterns in migration over the past decade are more related to housing costs than tax structure.

Research & Studies
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Coty Moving OPI Nail Polish Manufacturing from North Hollywood to North Carolina

OPI has manufactured and distributed a line of popular nail polishes and has been based at its North Hollywood complex at 13034 Saticoy St. since it was formed in 1981, a Coty spokeswoman said.

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Electric Car Start-Up Faraday Future Picks Nevada Over California to Build a $1-billion Plant

Gardena electric car start-up Faraday Future announced Thursday that it will build a $1-billion production plant in Nevada, a major move for an upstart rival to Tesla Motors.

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Faraday Future, Electric Car Maker, Plans a Nevada Factory

State officials estimated the company would create 13,000 direct and indirect jobs and generate $760 million in tax revenue over 20 years, he said.

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U.S. Is Now the Preferred Location for New Factory Capacity to Serve U.S. Market as Interest in Reshoring Stays Strong

Of manufacturers planning to add production capacity over the next five years for goods consumed in the U.S., more plan to add that capacity in the U.S. than in any other country—a sharp reversal since as recently as two years ago. And a rising percentage of U.S.-based executives at the manufacturers say they are already in the process of reshoring production work from China. These are among the findings of new research released today by The Boston Consulting Group (BCG).

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High-speed Transportation Testing Site Coming to North Las Vegas

Los Angeles-based Hyperloop Technologies Inc. has signed agreements to locate its Propulsion Open Air Test on about 50 acres in the Apex Industrial Park. Hardware for the facility is expected to begin arriving later this month. . . “Hyperloop Technologies will invest first in regions where we receive government advocacy to move fast,” Lloyd said, thanking Sandoval, state Economic Development Director Steve Hill and North Las Vegas Mayor John Lee for their support for the project.

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Charles Schwab Expected to Open Massive Campus in Dallas

“We’re very interested in the Dallas area for future growth and have signed a lease in the Westlake area that can accommodate up to 500 employees,” Schwab spokeswoman Sarah Bulgatz told the Dallas Business Journal.

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Steven Greenhut: New Study Details State Business Flight

But Irvine-based business-relocation consultant Joseph Vranich, whose company Spectrum Location Solutions did the study, charted businesses that relocated offices and facilities, remained in state but expanded elsewhere, outsourced work, cancelled a planned California expansion project or mulled an in-state location but ultimately chose another locale. Relying on public records and media reports, Vranich found 1,510 such events – and used a multiplier to account for data showing that more than five disinvestments are not known for every one that is publicized.

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Tesla Gets Shadowy CA Competitor

Speculation has swirled around the debut of another entrant into California’s crowded, cutting-edge automotive industry. The company, known as Faraday Future, “has been hunting for a place to build what it says will be a $1 billion manufacturing plant for a new line of cars,” reported the San Francisco Chronicle. “Four states are contenders and the company says to expect an announcement within weeks.”

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