Liberals in California want their state to secede from the union but it turns out there already is another very real “Calexit” movement.
Thousands of businesses have fled the state since 2008 due to heavy regulation and a high cost of doing business there. Of course, this means thousands of jobs have left the state as well.
9,000 Companies Left California Since 2008
At least 9,000 companies have left California from 2008 to 2015, according to the 378 page study by Spectrum Location Solutions titled, California’s Forty Year Legacy of Hostility to Business.
Joseph Vranich, president of site selection consultants Spectrum Location Solutions (VLS) in Irvine, found that roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years due to the Golden State’s “hostile” business environment.
Vranich reports that the bitter negative perceptions of California for business began during Jerry Brown’s first chaotic two terms as California Governor from 1975 to 1983. Things got so bad that the Governor instructed his aides in 1977 to begin wearing “California Means Business” buttons.
According to the Wall Street Journal, Brown tried to convince reporters on a late 1970s junket to Japan that “Our economic climate is very good.” He added, “I think this is dissipating a good deal of the political rhetoric surrounding the business-climate talk.”…
Vranich told the Dallas Business Journal that companies that are leaving California to escape escalating costs and regulations can move to Texas or Nevada that have no income tax and high relative purchasing power.
Maybe California should get its own house in order before it criticizes the rest of the U.S. and threatens to leave the union.