Due to high taxes, strict regulations, and “God Only Knows” state budgets, a huge number of California companies are packing their bags and getting the hell out of Dodge. Companies are “disinvesting” in the Golden State at a rate 5-times greater than just two years ago — and this includes leaving altogether. One industry insider told CNN, “There is a feeling that the state is not stable. [The capitol] can’t get its act together — and that includes the governor, legislators and regulatory agencies that are running wild.” What shocked me as well in the CNN report is the fact that California has been rated by Chief Executive magazine as the worst place to do business for seven years. To learn more about where these companies are going and how Californian officials plan on stemming the tide you can read the entire article at CNN Money.
Source: CNN Money