Why can't CA get it right anymore?
The exhaustive report — 623 pages, and nearly 3,500 endnotes — is appropriately entitled “It’s Time for Companies to Leave California’s Toxic Business Climate.” Findings are based on public records showing there were 2,183 “California disinvestment events” from 2008 to 2016. But it’s really worse than that. Because “experts in site selection generally agree that at least five events fail to become public knowledge for every one that does,” it’s more likely about 13,000 have fled.
Rather than slowing or at least leveling out, the pace has picked up. The most recent data show there were 1,500 disinvestment events in 2016, the greatest number on record, and the fourth straight year the total increased.
This Great California Escape has not happened in secret. Vranich, who not long ago moved his own company, Spectrum Location Solutions, from Irvine to more business-friendly Pennsylvania, said that for roughly “40 years California has been viewed as a state in which it is difficult to do business.”
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