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Is Texas the New Caliphornia?
One hopes not in the bankrupt sense, or sea of blue voters sense.Texas state and city officials for years have touted the state's more business-friendly environment, citing its fewer business regulations and lower labor costs, partly because Texas is a right to work state.California, on the other hand, is one of the costliest states in which to do business, with expenses 20 percent to 35 percent higher than other states.  1,510 companies moved all or some of their operations out of California from 2008 through 2014, taking with them valuable jobs, investment dollars and tax revenue. Texas was at the receiving end of 219 of those moves, or about 15 percent, more than any other state. Many are household brands like Apple, eBay and Restoration Hardware that moved their headquarters or opened or expanded other operations.Texas' most recent big deal was Toyota Motor Corp.'s decision to relocate its North American headquarters in Plano, generating roughly 4,000 jobs and $350 million in investments. 3,000 of those jobs will come from California. And buckets of new traffic for the Dallas North Tollway and the Sam Rayburn Tollway, not to mention city streets, and not a few liberal surfer dudes. This report echoes what businesses that relocate to Texas continue to say â they are sick and tired of being over-taxed and over-regulated and are making the economically sensible choice to move to Texas," said the deputy press secretary for Texas Gov. Greg Abbott's Office. Posted by: Bobby 2015-12-15 |
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