Top 10 Reasons Why Businesses and Jobs Leaving California

American Patriotism Success in America Logo
American Pride Logo George Washington Crossing Delaware Freedom Vets Day Veterans Day November 2009 The Alamo San Antonio Texas Rough Riders San Juan Hill Roosevelt Reagan Bush Gorbachev Statue of Liberty
  • Yahoo Answers Logo
  • Facebook Logo
  • Twitter Logo
  • Youtube Logo
StoriesofUSA@gmail.com

"We commend you for your efforts to develop and improve access to high-quality history education resources that will
enhance the teaching and learning of history in schools across this nation"
- US Department of Education

  • American Patriotism Stories of USA Home Icon
  • Abraham Lincoln Icon
  • Liberty Bell Icon
  • US Flag American Patriotism Icon
  • Dream 2 Achieve Children Success
  • Success in America
  • Behind the Red, White and Blue Icon
HELP PRESERVE
AMERICA'S HERITAGE
Donate Now Button


RANDY E KING BIO
BEST-SELLING AUTHOR


Book Now Best Public Speaker Randy E King "History can show us where we do or do not want to go."


Dream 2 Achieve
Available August 2016


Dream 2 Achieve Book Cover
"Leadership is about standing out from the masses while being an example for them."


Leading America
Published June 2015


Leading America Book Cover
"Authentic leaders are given what they deserve by others through selfless acts."


Duplicitous
Published August 2014


Duplicitous Book Cover
"Our true enemy is ignorance & apathy."


IS ANYBODY LISTENING?
Real Teens - True Stories


Is Anybody Listening Book Cover "Raising teenagers is like trying to nail Jell-O to a tree."




Left Center Right What is Best for America Book Cover "He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors."


BUY AMERICAN PRIDE CD
American Pride CD mp3 Digital Download
HOME | US HISTORY | HISTORY ICONS | PATRIOTIC | DREAM2ACHIEVE | SUCCESS | MISC

Top 10 Reasons Why Businesses and Jobs Leaving California

Businesses and Jobs Leaving California include:

Bayer HealthCare
Carlos Santana
CKE Restaurants, Inc.
Claim Jumper and Bubba Gump Shrimp Co.
Dunn-Edwards
eBay Inc. and PayPal
FedEx National LEL
Google
Hyundai Capital America
Intel
J.C. Penney Co.
Nokia
PETCO Animal Supplies Stores, Inc.
Raytheon Space and Airborne Systems
Sony Corp.
Tickets.com
Wells Fargo

The Top Ten Reasons Why California Companies Are Calling the Moving Companies
by Joseph Vranich
The Business Relocation Coach
* Revised April 2011 *

#10 – Unprecedented Energy Costs: The California Manufacturers and Technology Association states that commercial electrical rates here already are 50% higher than in the rest of the country. However, a law enacted in April 12, 2011 requires utilities to get one-third of their power from renewable sources (e.g., solar panels, windmills) within nine years. Look for costs to increase by another 19% in many places to a whopping 74% in Los Angeles. Such new burdens along with upcoming regulations stemming from the “California Global Warming Solutions Act” set potentially overwhelming obstacles to companies here as they try to meet competition based in other states and in foreign nations.

#9 – Severe Tax Treatment: The Tax Foundation in their 2011 State Business Tax Climate Index lists California at No. 49 for tax fairness. CFO Magazine ranked California the worst state for tax treatment. The Council on State Taxation ranks California as the only state to receive a D- grade (the lowest grade). Last year the National Conference of State Legislatures said California remains the number one state in raising taxes – raising them higher than any other state that increased taxes in 2009.

#8 – Worst Regulatory Burden: The consulting firm Bain & Co. constructed a “regulatory hassle index” that found “California is far worse than any other state by a very significant margin.” The finding was echoed by Development Counselors International that found that 72% of surveyed corporate executives listed California as having the “worst business climate” in the entire United States. The newest survey, released in March 2011, found that 87.7% of California executives who also operate in several states say California is a harder place to do business than anywhere else. The survey, by the California Foundation for Commerce and Education, found that among the other 12.3%, not one executive said it’s easier doing business in California.

#7 – Dreadful Legal Treatment: The Civil Justice Association of California said the state ranks 44th in legal fairness to business. Los Angeles was again named the least fair and reasonable litigation environment in the entire country.

#6 – Most Expensive Business Locations: The Rose Institute of State and Local Government reported in its 2010 survey that California cities continue to be some of the most expensive locations to do business in the United States. That was confirmed by the Milken Institute, which found that California businesses are paying 23% more than the national average just to operate here.

#5 – Provable Savings Elsewhere: Again Bain & Co. found that more than half of California business leaders – an astonishing 60% – said their policy is to restrict job growth in the state or move jobs to other U.S. locations. Some companies are quite open about this, like Intel, which has said it will never build another plant in California, and McAfee in 2010 admitted it intentionally avoids hiring in California and saves about 30 to 40% every time it hires outside of the state.

#4 – Downright Unfriendly: The Small Business & Entrepreneurship Council in Virginia found that California ranked 49th overall in terms of business friendliness. That was echoed in February 2010 when The Mercatus Center at George Mason University ranked California 48th in economic, regulatory and personal freedoms in the 50 states.

#3 – Uncontrollable Spending: Extravagant spending causes California to now have the lowest credit rating of any state. The American Legislative Exchange Council points out: “Despite the dubious distinction of having both the highest statewide personal income tax and the highest state sales tax in the nation, California still finds itself with far and away the largest budget deficit of any state.”

#2 – Excessively Adversarial: For two years in a row Chief Executive magazine found California to be the worst state in the nation in which to do business. Said one CEO, “California is terrible. Even when we’ve paid their high taxes in full, they still treat every conversation as adversarial. It’s the most difficult state in the nation.” The magazine calls California the “Venezuela of North America.”

#1 – The ‘Outpouring’ of Poor Rankings Continues: California ranked dead last in the latest Pollina Corporate Top 10 Pro-Business States for 2010 study. The finding was based on a composite of labor-related factors, business and personal taxes, the litigation environment, demographics, crime rates, school dropout rates, lifestyle and a multitude of other issues. There is little evidence that California’s business environment will improve considering that that the legislature in 2011 has voted down litigation reform, tax-increase plans are underway, and a host of new regulations are to be implemented that will increase costs for literally every business.

Source: http://thebusinessrelocationcoach.blogspot.com/

Comments are closed.

As Seen/Heard On:
Fox News Logo   CBS News Logo   The Huffington Post Logo
BLOG COMMENTS
  • IM Forum: Simply wanna comment on few general things, The website style is perfect, the subject material is rattling excellent....
  • Beatrice: Fantastic. I agree.
  • Offshore Company: Fantastic.. Thank you for your information on the post What to Do With Teenagers: 10 Things to Help Me with My Teenager...
American Pride, United States History Personal Study Guide, America Youth, American Patriotism, Patriotic America, How to Be Successful in the USA, Success Stories in America, American Patriotic Book, What is BEST for America?, Is Anybody Listening?, Duplicitous, Randy E King

Hurricane Storm Shutters Fort Lauderdale Florida Blinds, Shutters, Shades, Window Treatments Fort Lauderdale Commercial Real Estate Property Appraiser Anaheim – Collins and Associates Christian Party Supplies and Event Planning Indianapolis Our Place Childcare Indianapolis