06/18/2018

News

American Markets Need More Competition, More New Businesses

Some of the crucial ingredients of broadly shared prosperity in the U.S. economy include a dynamic market where new ideas can thrive, new businesses can reshape the economic landscape, and vigorous competition allocates resources efficiently. Our collective imagination of the U.S. economy is often one of bold entrepreneurs reshaping the world. TV shows us a […]

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The State of Competition and Dynamism: Facts about Concentration, Start-Ups, and Related Policies

Over the past few decades there have been troubling indications that dynamism and competition in the U.S. economy have declined. This paper describes the state of competition in the economy, related patterns in entrepreneurship, and policies that promote or inhibit competition. Business dynamism and competition are inherently intertwined, though the linkages are complex. Dominant firms […]

Research & Studies
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Teradata Corp. to move headquarters from Ohio to San Diego

Teradata Corp., a publicly traded data storage and analytics firm, said Wednesday it is moving its corporate headquarters from Dayton, Ohio, to San Diego – where it already employs more than 1,000 workers. The move is part of Teradata’s ongoing transition from being primarily a data warehousing company to a data analytics firm, where it […]

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Affordability Crisis Prices National Park Service Office Out of San Francisco

Federal officials plan to relocate an office that helps oversee 60 national parks throughout the western United States from downtown San Francisco to Vancouver, Washington, in a move they say could save millions of dollars. Staff at the National Park Service Pacific West Regional Office were told this week that the local unit is expected […]

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Why Hershey is uprooting this Bay Area food business for a headquarters move to Austin

The Pennsylvania-based chocolate and snack foods giant acquired the local jerky startup for nearly $220 million in 2015. At the time, Hershey said it was committed to keeping Krave’s headquarters in Sonoma.

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Last call for Campari’s S.F. headquarters as spirits giant relocates to New York

San Francisco will soon be drained of one of the world’s largest spirits companies with Campari America’s recent decision to relocate its Bay Area headquarters to the East Coast. The Campari Group subsidiary plans to vacate its offices in Levi’s Plaza this fall after signing a nearly 65,000-square-foot lease in New York City to accommodate […]

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Bechtel Group moving headquarters to suburban Washington, D.C.

San Francisco lost one of its most storied firms Thursday when Bechtel Group said it will move its headquarters to Reston, Va., by year-end after more than a century here. The loss of the San Francisco headquarters of the secretive engineering, construction and project management company means the Bay Area will lose about 150 jobs […]

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Southern California’s foreign-owned businesses jump above 10,000, employ 428,000

Southern California is home to 10,378 foreign-owned businesses that employ 427,954 workers and generate nearly $27 billion in annual wages, according to a report from World Trade Center Los Angeles. The study, compiled in partnership with Pepperdine University’s School of Public Policy and sponsored by American Airlines, says those employees represent 5.4 percent of the […]

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Finance Flies West, and South

Alliance-Bernstein notwithstanding, New York is not close to losing its hegemony over finance. With 472,000 employees in that industry, the city dwarfs all its competitors, including runner-up Chicago, where finance employs 264,000. Finance jobs in New York, according to Pepperdine University’s Michael Shires, have grown at a respectable 11 percent since 2009, though the pace […]

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Price Pump to move Sonoma manufacturing business to Idaho

It’s the end of an era. Price Pump has grown and thrived in Sonoma for 70 years. But before the end of this year, the manufacturer of high-tech pumps will pull up stakes and move its headquarters – lock, stock and pump – to Boise, Idaho. “It has simply become too difficult and too costly […]

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Qualcomm slashes 1,500 jobs in California, and its NXP bid faces objections in China

Qualcomm Inc. is slashing at least 1,500 jobs in California, trying to cut costs, at the same time its $44-billion bid to acquire NXP Semiconductors is running into problems getting antitrust clearance from China. The San Diego company, a leading provider of chips for mobile phones, said the layoffs included permanent and temporary workers. The […]

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Hanford official: Faraday Future sets May 21 target to install assembly lines

Kings County officials this week traveled to the Southern California town of Gardena to meet with executive staff of Faraday Future as well as company founder Jia Yuetin to help make plans for the startup’s Hanford assembly plant. Demolition work on the interior of the old Pirelli facility in the Hanford Industrial Park is underway […]

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Homegrown agricultural technology company moving headquarters to Texas

A publicly traded company that started in the Sacramento region, moved away and came back once before, is again taking its headquarters out of the area. RiceBran Technologies, which moved to West Sacramento from Scottsdale, Arizona, only last year, will relocate to Houston in the second quarter, CEO Robert Smith said on a conference call […]

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TreeHouse Foods closing Visalia plant next year

The Illinois-based company, which has 40 plants across the U.S., Canada and Italy making pre-packaged foods and beverages, announced earlier this month its plans to close the Visalia plant at 9945 W. Goshen Ave. as part of a larger downsizing due to declining sales. . . . The Visalia facility produces pretzels and cereal snack […]

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Pass-Through Businesses Are Rethinking Their Status in Wake of Tax Law

As business owners pore through the new tax law, many are asking themselves a fundamental question: Will changing how their company is structured cut their tax bills? “This is one of the most pressing issues for taxpayers and business owners,” said Mark Everson, vice chairman of tax-consulting firm Alliantgroup LP. “They are looking carefully now […]

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