From Investors Business Daily:
Another Big Company Departs California — Will Last One To Leave Shut The Lights?
Nestle USA is moving its headquarters from Glendale, Calif., a pocket suburb just miles from downtown Los Angeles, to Rosslyn, Va., near Washington, D.C., and taking 1,200 California jobs with it. Why? As many companies have found, California is an awful place to do business.
The $26-billion-a-year food conglomerate is discreet, of course, about its reasons, citing a desire to be closer to its core customers and other bland corporate pabulum. But the fact is, Nestle and its corporate brethren in California that actually make things are overtaxed and overregulated, and elected officials treat them not as honored members of the community but as rapacious pirates.
A Glendale official, for instance, blithely insisted Nestle's departure was no big deal, but rather an "opportunity." Some opportunity.
A great metric of the movement from one area to another is the cost of renting a U Haul truck:
The $629 difference is because more people are leaving Glendale for DC than are moving the other way. U Haul has to pay drivers to move the vehicles back to California so it incentivizes the movers with lower prices.
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