Please ensure Javascript is enabled for purposes of website accessibility
California Businesses Leave the State by the Thousands
News
By News
Published 4 years ago on
September 14, 2020

Share

[aggregation-styles]

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.

Read More →

RELATED TOPICS:

DON'T MISS

Fresno Man Arrested in SE Gas Station Shooting, Man Hospitalized

DON'T MISS

49ers Hope Return of Injured Players Makes up for Lack of Big Deadline Addition

DON'T MISS

Rapper Tekashi 6ix9ine Strikes Deal to End Jail Stint

DON'T MISS

Morant, Wells, Jackson Jr. Score 20 Apiece as Grizzlies Beat Lakers

DON'T MISS

Slightly More Americans Apply for Unemployment Benefits Last Week, but Layoffs Remain at Low Levels

DON'T MISS

8-Hour Russian Drone Barrage Keeps Kyiv on Edge as War in Ukraine Nears 1,000 Days

DON'T MISS

Dodgers Cautious on Ohtani’s Return, Eye Infield Shift for Betts

DON'T MISS

Stock Market Today: Wall Street Ticks Higher Ahead of the Fed’s Decision on Interest Rates

DON'T MISS

Cuba Left Reeling After Category 3 Hurricane Ravages Island and Knocks Out Power Grid

DON'T MISS

Thousands Ordered to Evacuate as Powerful Wind-Fed Wildfire Burns Homes in Southern California

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

Morant, Wells, Jackson Jr. Score 20 Apiece as Grizzlies Beat Lakers

46 mins ago

Slightly More Americans Apply for Unemployment Benefits Last Week, but Layoffs Remain at Low Levels

50 mins ago

8-Hour Russian Drone Barrage Keeps Kyiv on Edge as War in Ukraine Nears 1,000 Days

54 mins ago

Dodgers Cautious on Ohtani’s Return, Eye Infield Shift for Betts

58 mins ago

Stock Market Today: Wall Street Ticks Higher Ahead of the Fed’s Decision on Interest Rates

59 mins ago

Cuba Left Reeling After Category 3 Hurricane Ravages Island and Knocks Out Power Grid

1 hour ago

Thousands Ordered to Evacuate as Powerful Wind-Fed Wildfire Burns Homes in Southern California

1 hour ago

Fresno County Double DUI Crash Leaves One Seriously Injured

1 hour ago

Cat House on the Kings Wants You to Adopt This Adorable Puppy

6 hours ago

Fresno Breaks Up with Park Operator Over Alleged Million Dollar Miss

17 hours ago

Fresno Man Arrested in SE Gas Station Shooting, Man Hospitalized

Christopher Norris, 19, has been arrested following a gas station shooting in Southeast Fresno that left one person injured, according to th...

3 mins ago

Christopher Norris (pictured), 19, was arrested Monday for allegedly shooting another man multiple times during a fight at a gas station on October 26, leaving the victim in stable condition. (Fresno PD)
3 mins ago

Fresno Man Arrested in SE Gas Station Shooting, Man Hospitalized

19 mins ago

49ers Hope Return of Injured Players Makes up for Lack of Big Deadline Addition

45 mins ago

Rapper Tekashi 6ix9ine Strikes Deal to End Jail Stint

46 mins ago

Morant, Wells, Jackson Jr. Score 20 Apiece as Grizzlies Beat Lakers

50 mins ago

Slightly More Americans Apply for Unemployment Benefits Last Week, but Layoffs Remain at Low Levels

54 mins ago

8-Hour Russian Drone Barrage Keeps Kyiv on Edge as War in Ukraine Nears 1,000 Days

58 mins ago

Dodgers Cautious on Ohtani’s Return, Eye Infield Shift for Betts

59 mins ago

Stock Market Today: Wall Street Ticks Higher Ahead of the Fed’s Decision on Interest Rates

Search

Send this to a friend