The reason this report is timely and important is outlined in the Preface. For about 40 years California has been viewed as a state in which it is difficult to do business. Gov. Jerry Brown's Administration's less-than-candid approach regarding the business climate has misled the Legislature, the news media and the public about the flight of capital, facilities and jobs to other states and nations.And this priceless quote:
It is time to set the record straight by providing details about the manner in which companies have disinvested in Californiain recent years (in this case between 2008 through 2014), with supporting details in every instance.
“Here’s the bitter reality for business in much of California: there’s no cavalry riding to rescue you from the state’s regulatory and tax vise. The voters in California have spoken, and with a definitive, distinctive twist, turned against any suggestion of reform and confirmed the continued domination of the state by public employee unions, environmental activists and their crony capitalist allies. In short, you are on your own.”And this devastating quote:
The tables in the report show conclusively that in the 2008-2014 period, a total of 1,510 California disinvestment events became public knowledge. However, experts in site selection generally agree that at least five events fail to become public knowledge forevery one that does. Thus it is reasonable to conclude that about 9,000 disinvestment events occurred during that period.