PREVIOUSLY on California politics:Republican state legislatures and governors are adopting a new economic development strategy: Raid California for its jobs and businesses.
At least three Republican governors have said as much in interviews. The idea is to offer lower taxes, a more business-friendly atmosphere and the right to be left alone from overzealous regulators. ....
California has some of the highest tax rates in the country, the worst bond rating and a multitude of nettlesome regulations. Chief Executive magazine just ranked California as the most antibusiness state in the nation. A new study by Joseph Vranich, a California-based business consultant, found that 144 major companies relocated plants, research facilities, headquarters or their entire operations out of California in 2010. That was more than triple the pace of job-creating firms leaving in 2009. Mr. Vranich said that the outmigration could become "a stampede" in 2011. "Business owners tell me every day that this is just not a hospitable place to do business anymore," he said. [Emph. added]
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