[Source: CalChamber] California has one of the worst lawsuit climates in the country, affecting companies’ decisions on whether to do business in the state, according to a recent survey of senior U.S. business executives. The state comes almost last in the overall national ranking, at No. 48, in the 2019 Lawsuit Climate Survey: Ranking the States, conducted Read More…
Tag: business relocation
More companies exit business-bashing California for business-friendly states
[Source: Joseph Vranich] If your business is in California and you’re wondering if companies continue to leave the state, the answer is, “Yes, and anecdotal evidence is that the numbers are growing.” Before I identify the latest companies to depart California – 24 of them, which I’ve learned about only within the last three months Read More…
Another small business says ‘adios’ to California – mine
[Source: Fox & Hounds] If I’m known for anything in California, it’s been for my studies about companies leaving the state because of its punishing tax and regulatory policies. Sadly, new political antics will likely cause my future reports to reflect further deterioration in the state’s business climate. I say that because a new California Read More…
California lacks a job-friendly economic policy
[Source: Orange County Register] Amazon’s second headquarters, a shiny object dangled in front of revenue-hungry government officials across the country, appears to be headed for someplace other than California. The project known as “HQ2” is likely to land in northern Virginia, some observers believe, where Amazon recently located the headquarters of its cloud business a Read More…
Kimberly-Clark to close its paper-products plant in Fullerton, which employs 330 people
[Source: Orange County Register] Kimberly-Clark intends to shutter its plant here as part of a restructuring it announced last month, the paper products giant has confirmed. The plant, which opened in 1956, employs 330 people. “Kimberly-Clark has informed employees at the Fullerton manufacturing facility of its proposed plan to close this facility,” company spokesperson Terry Read More…
Don’t tax family businesses out of California
[Source: Fox & Hounds] Family businesses are the bedrock of our communities and the economy. A recent study showed that the state’s 1.4 million family businesses employ 7 million people. Family businesses tend to pay their employees better, train them better, and provide more generous benefits than non-family companies. We’re also less likely to significantly Read More…
Aerojet Rocketdyne to cut 1,100 jobs in Sacramento, move some to L.A.
[Source: Los Angeles Times] Sacramento will lose 1,100 jobs over the next 18 months as rocket engine maker Aerojet Rocketdyne plans to relocate or cut positions in that facility and move jobs to Alabama, Canoga Park and other locations. The job changes are the next phase of a multiyear plan initiated in 2015 to reduce Read More…
California bioscience company moving HQ to Denver area, creating 130 jobs
[Source: Denver Business Journal] A California bioscience company is moving its headquarters to Arapahoe County and creating some 130 new jobs, the Colorado Office of Economic Development and International Trade said Thursday. Viveve Medical Inc. (Nasdaq: VIVE) manufactures non-surgical devices for treatment of vaginal conditions. It is finalizing a lease and expects to relocate from Read More…
Electric carmaker that shortlisted Sacramento picks Arizona, according to report
[Source: Sacramento Business Journal] Atieva, the electric carmaker that placed Sacramento on a short list this year for locating a car manufacturing plant, has selected a site in Arizona, according to the tech news site Recode. A private event at Atieva’s Menlo Park office on Friday will unveil the design of its vehicle, which company Read More…