Did not realize that it was that many - moving to Texas

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From the Dallas Business Journal - December 13th, 2018:

1,800 companies left California in a year — with most bound for Texas
A record number of companies are leaving California for states with a better business climate, and a new report shows that Texas remains their No. 1 destination.

The study estimates that 1,800 relocation or “disinvestment events” occurred in 2016, the most recent year available, setting a record yearly high going back to 2008. About 13,000 companies left the state during that nine-year period.

The loss to the tax base:

During the study period, 275,000 jobs and $76.7 billion in capital funds were diverted out of California. The departing companies acquired at least 133 million square feet elsewhere — and probably much more because such information often went unreported in source materials, Vranich said.

California is losing it - they are continuing to be led by idealogues and they are quickly running out of other people's money to fund these programs. 13,000 businesses and corportions lost in nine years. And this was written two years ago.

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This page contains a single entry by DaveH published on December 5, 2020 5:42 PM.

Quiet news day - heading out was the previous entry in this blog.

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