Share
Hoover Institution
California businesses are leaving the state in droves. In just 2018 and 2019—economic boom years—765 commercial facilities left California. This exodus doesn’t count Charles Schwab’s announcement to leave San Francisco next year. Nor does it include the 13,000 estimated businesses to have left between 2009 and 2016.
The reason? Economics, plain and simple. California is too expensive, and its taxes and regulations are too high. The Tax Foundation ranks California 48th in terms of business climate. California is also ranked 48th in terms of regulatory burdens. And California’s cost of living is 50 percent higher than the national average.
These statistics show why California’s business and living climate have become so challenging. But the frustrations that California entrepreneurs face every day present a different way of understanding their relocation decisions.
Erica Douglas, a young tech entrepreneur, moved her company, Whoosh Traffic, from San Diego to Austin, Texas, a few years ago.
By Lee Ohanian | 8 Sept 2020
RELATED TOPICS:
Trans Athlete in Political Storm Earns, and Shares, First Place in Event
4 hours ago
Trump Budget Proposes Closing Northeast Heating Oil Reserve
4 hours ago
Supreme Court Turns Down Challenge to Ban on Semiautomatic Rifles
4 hours ago
Northern Lights Could Be Visible Again in Some US States After Weekend Solar Storms
2 hours ago
Central Unified Trustees Choose Their Next Superintendent
2 hours ago
Disney Is Laying off Several Hundred Employees Globally, Source Says
3 hours ago
Trump Asks US Supreme Court to Allow Mass Federal Layoffs
3 hours ago
Israeli Forces Open Fire a Kilometer Away From Gaza Aid Site, Killing 3, Health Officials Say
4 hours ago
Trans Athlete in Political Storm Earns, and Shares, First Place in Event
4 hours ago
Trump Budget Proposes Closing Northeast Heating Oil Reserve
4 hours ago
Supreme Court Turns Down Challenge to Ban on Semiautomatic Rifles
4 hours ago
Northern Lights Could Be Visible Again in Some US States After Weekend Solar Storms
2 hours ago
Central Unified Trustees Choose Their Next Superintendent
2 hours ago
Disney Is Laying off Several Hundred Employees Globally, Source Says
3 hours ago
Trump Asks US Supreme Court to Allow Mass Federal Layoffs
3 hours ago
Israeli Forces Open Fire a Kilometer Away From Gaza Aid Site, Killing 3, Health Officials Say
4 hours ago
Trans Athlete in Political Storm Earns, and Shares, First Place in Event
4 hours ago
Trump Budget Proposes Closing Northeast Heating Oil Reserve
4 hours ago
Supreme Court Turns Down Challenge to Ban on Semiautomatic Rifles
4 hours ago

Judge Rules Next Fresno County Sheriff, DA Elections Are in 2028

Northern Lights Could Be Visible Again in Some US States After Weekend Solar Storms

Central Unified Trustees Choose Their Next Superintendent

Disney Is Laying off Several Hundred Employees Globally, Source Says

Trump Asks US Supreme Court to Allow Mass Federal Layoffs
