Yet, since the beginning of 2013 a total of 158 companies have left the golden state and more are lining up to make their own great escape. That's up from just 51 in in 2009.This article is devastating.
If this trend continues Silicon Valley may soon become nothing more than the northern extension of Death Valley as search for more profits creates a mass migration states like Oregon, Texas, Nevada, Utah and Arizona.
With considerably lower taxes, these states are welcoming California businesses with welcome arms.
One of them is Intel which recently announced that it will be investing billions to upgrade factories in Arizona, in addition to building a new factory in Oregon.
This move will create between 6,000 and 8,000 construction jobs and up to 1,000 high tech factory jobs outside the Golden State. With an unemployment rate of 9.4% that's the thing California needs. But the truth is each employee hired by Intel in these states will cost. 30% to 40% less than the same employee would in California.
Thursday, May 23, 2013
158 companies left CA since the beginning of 2013? What the heck?