The recommendation comes in a massive new study about companies departing California for business-friendly states. It 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 – and that about 13,000 companies left the state during that nine-year period.
. . .The top ten 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.
. . . More headquarters leave California than any other type of facility and more manufacturers than any other industry.
During the study period, $76.7 billion in capital funds were diverted out of California along with 275,000 jobs – and companies acquired at least 133 million square feet elsewhere – all of which are understated because such information often went unreported in source materialsView Article