Austin Business Journal reports:
Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Texas has been a prime beneficiary of the Golden State’s “hostile” business environment.
That’s the conclusion of a study by Joseph Vranich, a site selection consultant and president of Irvine, California-based Spectrum Location Solutions.
There's more:
Japanese automaker Toyota, which is consolidating its North American headquarters in Plano over the next couple of years, is one of the biggest recent investors in Texas. The company is leaving Torrance, California, and two other locations to set up shop in Plano, where it will employ 4,000.
It’s typical for companies leaving California to experience operating cost savings of 20 up to 35 percent, Vranich said. He said in an email to the Dallas Business Journal that he considers the results of the seven-year, 378-page study “astonishing.”
Yet, progressives tell us taxes and regulations don't have an impact!
