Democrat, Liberal, Tax, Incompetence, Oops, Jobs

It appears some of the 2,000 employees the Walt Disney Company is moving from California to Lake Nona are eyeing up the housing market.

  Two real estate agents in Central Florida told WKMG-TV they've sold homes to Disney execs who are Sunshine State bound to help get the new campus off the ground... The Walt Disney Company first announced it was picking up and moving 2,000 employees across the country from California to Lake Nona in July.

Democrat, Liberal, Crime, Incompetence, Character, Degeneracy, Oops, Economy, Law, Jobs, Theft

Last week, after Walgreens announced that five additional outlets in San Francisco would be closing on top of the 17 that already have been shuttered since 2019, the company claimed that changes in both the law and prosecutor attitudes and made it impossible to run a profitable business in the city...

  Now, in a Globe exclusive, San Francisco Police Department has revealed that the iconic Target on Mission Street between Third and Fourth Streets will be shutting its doors before the end of the year.

  “This store loses $25,000 a day to shoplifting,” an SFPD officer told the Globe in lengthy, taped interviews conducted this week. “That’s $25,000 that walks out the door on average between 9 and 6 every day.”...

  Asked if the presence of armed, uniformed police officers had any deterrent effect on thieves, one officer was blunt in his assessment.

  “They don’t care. There’s no consequences. Literally zero consequences. I’ve kicked out… I’ve been here since 9 AM today. I probably have already kicked out eight or nine people and I’ve recovered a thousand dollars worth of stuff alone off of that. Whether we kick them out, tell them they can’t come back, whether I put them in handcuffs and take them down to the county jail—there is no difference. Because they will not be prosecuted by the district attorney.

Liberal, Hate, Financial, Oops, Economy, Jobs

Tesla CEO Elon Musk confirmed Friday that his company’s move to Texas was, in part, inspired by a California lawmaker's incendiary tweet to him. The tweet in question? “F—k Elon Musk,” from progressive California Assemblywoman Lorena S. Gonzalez.

Liberal, Government, Incompetence, Degeneracy, Oops, Economy

Tom and Micki Brizes are packing up and moving their small business out of Southern California to what they say is the more business-friendly state of Texas.

  "We're excited," says Tom Brizes of Aeromax. Aeromax has been in business for 32 years, mostly selling airline parts for military aircraft. The Brizes have been running Aeromax in Canoga Park for years, but say the cost of doing business in California is just too high.

  They're moving Aeromax and most of its employees to Fort Worth, Texas. "There's so much regulation, that we really need to be in a place that allows our small business to grow and I feel that Texas will do that for us," says Micki Brizes.

Liberal, Government, Incompetence, Oops, Economy, Jobs

Less than a week after laying off 10 percent of its employees, SpaceX said Jan. 16 that it plans to shift work on at least prototypes of its next-generation launch system from Los Angeles to Texas.

  In a statement, SpaceX said it was now planning to build prototypes of its Starship vehicle, the upper stage of its next-generation reusable launch system, at its site in South Texas originally designed to serve as a launch site...

  A shift to South Texas, industry sources said, could be a way to reduce expenses, given the lower cost of living there versus the Los Angeles area.

Liberal, Tax, Government, Incompetence, Narrative, Oops, Economy, Regulation

Kubota Tractor Corporation unveiled its new North American headquarters building in Grapevine, Texas, today in a special ribbon cutting ceremony with Governor Greg Abbott, Masatoshi Kimata, President and Representative Director of the Kubota Group, along with State and local officials and supporters from the Grapevine community who all helped to usher in a new era for the company.

  The company’s move to Texas from Torrance, Calif., is the most significant change it has undertaken in its successful 45-year history in the U.S.

Liberal, Government, Incompetence, Financial, Oops, Regulation

The exodus out of the Golden State continues with Nestle USA being the latest business to pack up its operation in Glendale, California and relocate in business-friendly Rosslyn, Virginia as a means to escape the grasp of anti-capitalist lawmakers and activists. In doing so, the candy corporation will enjoy $16 million in tax incentives not available previously.

Democrat, Liberal, Tax, Incompetence, Financial, Economy, Regulation

Another major employer has decided to join the long list of companies moving jobs from California to more business-friendly states. This time, it's $12 billion titan Jacobs Engineering, which is moving its "corporate operations," almost definitely meaning its headquarters, from Pasadena to Dallas, Texas.

Democrat, Liberal, Government, Incompetence, Financial, Oops, Economy, Regulation

Los Angeles was once the epicenter of apparel manufacturing, attracting buyers from across the world to its clothing factories, sample rooms and design studios... Now, Los Angeles firms are facing another big hurdle — California's minimum wage hitting $15 an hour by 2022 — which could spur more garment makers to exit the state. Last week American Apparel, the biggest clothing maker in Los Angeles, said it might outsource the making of some garments to another manufacturer in the U.S., and wiped out about 500 local jobs.

Tax, Government, Science, Oops, Economy, Regulation, Jobs

A company filled with rocket scientists has bought in to Texas’ push to promote itself as a business-friendly, anti-regulation locale. The Austin American-Statesman reports that Firefly Space Systems of Hawthorne, California, on Wednesday confirmed its relocation to the Austin area.

Democrat, Liberal, Tax, Government, Incompetence, Oops, Regulation, Jobs

Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker's plans. The automaker won't be the first big company Texas has poached from California. Occidental Petroleum Corp. said in February that it was relocating from Los Angeles to Houston, making it one of around 60 companies that have moved to Texas since July 2012...

Democrat, Liberal, Tax, Government, Incompetence, Financial, Economy, Regulation

“I have no second thoughts, no qualms, no reluctance about what I’ve done and moved to Texas,” said Joe DeInnocentes, a California transplant. “I’m not sure I’d ever go back to California, quite frankly.” For DeInnocentes, the state economy is stronger here. His whole family is employed, he said. The state’s unemployment rate sits at 8.1 percent compared to California’s 12.3 percent. The national average is 8.7 percent. “Certainly, California is not a business-friendly state,” said Biff Comte, who is moving his entire corporate headquarters of his home health care business AccentCare to Texas.

Democrat, Liberal, Tax, Government, Incompetence, Financial, Economy, Regulation

According to the Greater Austin Chamber of Commerce, since the passage of Prop 30 in the November election, California-based company relocation inquiries have doubled, possibly tripled, in Central Texas. West Coast entrepreneurs feeling the personal financial stress of an out-of-control state budget and tax policy have heard Texas’ message, and they’re responding. Even California’s Democratic Lt. Governor, Gavin Newsom, has serious concerns about the economic impact of his state’s tax policies.

Liberal, Government, Incompetence, Financial

Chevron Corp. will move up to 800 jobs - about a quarter of its current headquarters staff - from the Bay Area to Houston over the next two years but will remain based in San Ramon, the oil company told employees Thursday.

Democrat, Liberal, Tax, Government, Economy

Many of about 25,000 affiliates in California, especially larger ones with dozens of employees, are likely to leave the state, said Rebecca Madigan, executive director of trade group Performance Marketing Assn. The affiliates combined paid $152 million in state income taxes last year, she pointed out. "We have to consider it," said Loren Bendele, chief executive of Savings.com, a West Los Angeles website that links viewers to hundreds of money-saving deals. "It does not look good for our business."

Government, Incompetence, Funny

It wasn't your usual legislative hearing. A group of largely Republican California lawmakers and Democratic Lt. Gov. Gavin Newsom traveled here last week to hear from businesses that have left their state to set up shop in Texas.

"We came to learn why they would pick up their roots and move in order to grow their businesses," says GOP Assemblyman Dan Logue, who organized the trip. "Why does Chief Executive magazine rate California the worst state for job and business growth and Texas the best state?"

Liberal, Tax, Incompetence, Financial, Regulation

California is experiencing the fastest rate of of companies relocating to out-of-state or out-of-country locations since a specialized tracking system was put into place two years ago. The disturbing trend is reflected in a review of activity from Jan. 1 through April 15 of this year when 70 California company disinvestment events occurred, an average of 4.7 per week -- greater than the 3.9 average per week last year.

Liberal, Incompetence

Today, California is experiencing the fastest rate of disinvestment events based on public domain information, closure notices to the state, and information from affected employees in the three years since a specialized tracking system was put into place.

Liberal, Government, Incompetence, Economy

For the seventh year in a row, a survey of chief executives has ranked California as the nation's worst state in which to do business. More than 500 U.S. CEOs polled by Greenwich, Conn.-based Chief Executive magazine based their opinions on numerous factors, including regulations, tax policies, work force quality, education resources, quality of living and infrastructure. While the Golden State came out on the bottom, Texas topped the magazine's "Best & Worst States" list for the seventh consecutive time.

Democrat, Liberal, Oops, Economy

In 2011, more businesses (254) quit California than the year before (202), which was a high-water mark over 2009 (51). Last year, roughly five businesses left in any given week, one more than left in each week of 2010 when the average was 3.9.

Democrat, Liberal, Tax, Incompetence, Financial

NEW YORK (CNNMoney) -- Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of California companies are seeking friendlier business environments outside of the Golden State.

Editorial, Liberal, Tax, Incompetence, Oops, Regulation

“Texas easily clinched the No. 1 rank, the eighth successive time it has done so,” the report said. “California earns the dubious honor of being ranked dead last for the eighth consecutive year.” California “appears to slip deeper into the ninth circle of business hell,” the report said. “Each year, the evidence that businesses are leaving California or avoid locating there because of the high cost of doing business due to excessive state taxes and stringent regulations, grows.”

Tax, Government, Incompetence, Financial, Regulation

The consulting firm interviewed chief executives or senior managers of about 50 small, medium and large companies with extensive operations in the state. About 40 percent said their companies have an explicit policy to move jobs elsewhere in the United States, with Texas cited as the most frequent destination. Not counting those companies that must stay in California, such as retailers or health care providers, the proportion of businesses that said their policy is to move jobs rose to 55 percent. Another group of executives, just under 20 percent of those interviewed, said their policy is to avoid adding jobs in California, except when absolutely necessary. Businesses are clamping down on California job growth because of high costs and a burdensome regulatory environment, Bain concluded.

Liberal, Oops, Economy, Regulation

Lucasfilm announced this week that despite many years of planning and investment, the continuing regulatory delays and furious opposition of neighbors has led the company to abandon efforts to build a large production studio in Marin County, north of San Francisco. “We have several opportunities to build the production stages in communities that see us as a creative asset, not as an evil empire, and if we are to stay on schedule we must act on those opportunities,” Lucasfilm said it a statement. Community leaders reportedly were stunned. But the film company said there are other venues that would be delighted to receive the tax revenue and jobs created by the project. The loss to Marin’s economy is estimated at 700 jobs during construction alone, as well as several hundred more high-paying film industry jobs.

Government, Incompetence

California's economic image suffered another blow Wednesday when the U.S. Chamber of Commerce rated it in the bottom tier of states in the friendliness of its laws to business investment. California was placed in the bottom of three tiers in a nationwide review of state business laws for the chamber by Seyfarth Shaw LLP, a prominent employment and labor law firm.

Liberal, Incompetence, Financial, Oops, Economy, Regulation

Joe Vranich, a business consultant who monitors the Golden State's exodus, said in November that "large corporations, family-run companies and even startup enterprises in all industries continue to leave" due to high business taxes and excessive regulation "imposed on commercial enterprises of all types."

Democrat, Liberal, Tax, Government, Regulation

Intel's home state of California was never a contender for the new wafer fabrication plant, known as a "fab." "California has been, in the last 10 to 15 years, pretty expensive," said Chuck Mulloy, an Intel spokesman. "There aren't the kind of incentives that were available in Arizona or other locations to offset the capital investment to put a factory like this in place. They just don't have any packages or programs to encourage companies to build any new manufacturing, of any kind."