A list of companies moving out of or expanding outside California has grown by 84 since the start of the year, says Joe Vranich, Irvine consultant who specializes in relocating companies...
The 84 in six months of 2010 compares to 44 in all of 2009 and 35 from 2006 through 2008, he says, adding that the moves represent $4.7 billion in capital shifted out of California.
“The exodus of capital and jobs has reached such an alarming point that California ought to declare a state of economic emergency just as we have emergencies resulting from floods, fires and earthquakes,” Vranich says. “Raising taxes or creating new regulations should be out of the question.”
He has long insisted that most of the moves are related to California’s “high taxes, undue regulations, excessive fines and fees, high workers’ comp (insurance) costs, a legal environment stacked against businesses and lengthy permitting requirements.”
But on the other hand, we have nice weather.
That's not enough of a silver lining to put bread on the table.