Please ensure Javascript is enabled for purposes of website accessibility
California Businesses Leave the State by the Thousands
News
By News
Published 5 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

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Life-Threatening Meals: Restaurants Would Identify Food Allergens for Diners Under This Proposed Law

DON'T MISS

Iran Threatens to Strike US Bases in Region if Military Conflict Arises

DON'T MISS

Trump Has Cut Science Funding to Its Lowest Level in Decades

DON'T MISS

Fresno Measure C Transportation Tax Talks Continue Amid Renewal Uncertainty

DON'T MISS

Judge Bars Trump Administration From Detaining Mahmoud Khalil

DON'T MISS

Is a Waxed Apple ‘Ultra-Processed?’ CA Bill Could Trigger a Lawsuit Barrage

DON'T MISS

Edmunds: These Five Vehicles Are Hidden Automotive Gems

DON'T MISS

GM to Invest $4 Billion to Shift Some Production From Mexico to the US

DON'T MISS

How Your Air Conditioner Can Help the Power Grid, Rather Than Overloading It

DON'T MISS

Hundreds of Laid-off CDC Employees Are Being Reinstated

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”

Gavin Newsom Changes His Tune on Running for President

8 minutes ago

McConnell, Mathurin Lead Pacers’ Bench Charge in Game 3, Fueling 2-1 NBA Finals Lead Over Thunder

12 minutes ago

US Sen. Alex Padilla Was Forcibly Removed After Interrupting News Conference by Homeland Security Secretary Kristi Noem

14 minutes ago

Fresno Joins Nationwide ‘No Kings Day’ Movement at Multiple Locations

15 minutes ago

JetBlue Flight Rolls off Runway at Boston Airport, No Injuries Reported

19 minutes ago

Teoscar Hernández Hits a 3-Run Homer and the Dodgers Beat the Padres to Win the Series

32 minutes ago

Giants Rally Again to Beat Lowly Rockies for 7th Straight Win

36 minutes ago

Wildfire Burns in Madera County With No Containment

37 minutes ago

Humanitarian Workers Killed in Gaza Ambush Blamed on Hamas, Internet Cut in Territory

59 minutes ago

Mexican Flags at LA Protests Are Dividing America

1 hour ago

Is the Trump-Musk Spat Really Over? Judging From Wall Street Trading, It’s a Fragile Peace

NEW YORK — The world’s most powerful politician and its richest businessman stepped back from their war of words that stunned Washingt...

1 minute ago

1 minute ago

Is the Trump-Musk Spat Really Over? Judging From Wall Street Trading, It’s a Fragile Peace

Tulare County Sheriff's Office detectives are investigating a shooting in Strathmore that left a man wounded late night on Wednesday, Feb. 26, 2025. (Tulare County SO)
6 minutes ago

Tulare County Inmate Found Dead in Cell, Autopsy Pending

7 minutes ago

A Look at Boeing’s Recent Troubles After Air India Crash

8 minutes ago

Gavin Newsom Changes His Tune on Running for President

12 minutes ago

McConnell, Mathurin Lead Pacers’ Bench Charge in Game 3, Fueling 2-1 NBA Finals Lead Over Thunder

14 minutes ago

US Sen. Alex Padilla Was Forcibly Removed After Interrupting News Conference by Homeland Security Secretary Kristi Noem

15 minutes ago

Fresno Joins Nationwide ‘No Kings Day’ Movement at Multiple Locations

19 minutes ago

JetBlue Flight Rolls off Runway at Boston Airport, No Injuries Reported

Help continue the work that gets you the news that matters most.

Search

Send this to a friend