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:
Dear Mayor and City Council, Fresno’s Housing Bottlenecks Are a Modern Form of Redlining
1 hour ago
Iran Enacts Law Suspending Cooperation With UN Nuclear Watchdog
2 hours ago
Trump Vowed to Dismantle MS-13. His Deal With Bukele Threatens That Effort.
2 hours ago
Valley Crime Stoppers’ Most Wanted Person of the Day: Logan Ryan Martin
2 hours ago
Poll: Most Americans Say National Divide, Political Violence Threaten Democracy
2 hours ago
Meta’s Instagram Down for Thousands of Users in US, Downdetector Shows
2 hours ago

From Victims to Perpetrators: Israeli Soldiers’ Nazi Comparisons and the Unfolding War Crimes in Gaza

Downtown Housing Could Rise in Many California Cities, but Barriers Remain

Dear Mayor and City Council, Fresno’s Housing Bottlenecks Are a Modern Form of Redlining

Iran Enacts Law Suspending Cooperation With UN Nuclear Watchdog

Trump Vowed to Dismantle MS-13. His Deal With Bukele Threatens That Effort.
