Two dozen companies commit to leaving California
Feb 18, 2013
Two dozen California companies have said they are tired of the business-bashing in Sacramento, along with the high taxes.
The day after Proposition 30 passed, triggering $6 billion in new annual taxes, Arizona launched a campaign to lure some of California’s top companies.
KCRA 3 has learned that 24 chief executives are flying to Phoenix, Ariz., to explore the land of lower taxes and a much friendlier business environment.
Business relocation expert Joe Vranich has been counting.
“I tracked for 2011, that 254 companies of all sizes and shapes and kinds left the state for primarily other states,” said Vranich, the president of Spectrum Location Services in Irvine.
He told KCRA 3 that companies leave California for three primary reasons:
“High taxes, excessive regulations and the threat of really ridiculous lawsuits.”
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