$26B CA Company Says It’s Done With Liberal Nonsense, Moving To The South With 1,200 New Jobs
Posted by Allison Hillman | Feb 23, 2017 | Liberal Corruption
The latest company to leave the failing state of California
California is losing businesses at an alarming rate. Large corporations are making the decision to leave, fleeing to states that are more welcoming to big business. The savings in revenue is drastic for the companies, their exits leaving California in an even more precarious position.
The state has suffered recently, mostly due to poor leadership. Billions have been “lost” in accounting errors, schools are broke, a neglected infrastructure is collapsing around them, and illegals and refugees have become the new priority. Given those circumstances, it is no wonder that companies would rather have their headquarters elsewhere.
The latest giant to pack its bags is the Nestlé Corporation. They made the official announcement that they will be moving; from a Los Angeles suburb to Rosslyn, Virginia.
The cross country move will result in the loss of 1,200 jobs for the struggling state. Looking at the numbers, it is clear that California has brought this on themselves.
Nestlé made be the latest but they are definitely not the first. An eight year study, concluding in 2015, shows that at least 9,000 businesses of all sizes have either left California completely or chosen other states for expansion. These numbers do not include businesses opening new facilities elsewhere to have better access to growing markets.
Toyota is at the top of the list in terms of size of businesses that have left. Leaving their 3 locations in California, the Japanese automaker is heading for Texas, setting up their headquarters in Plano. The number of jobs it will add to the Texas economy? 4,000.
The car giant brought 4,000 jobs to Texas
Nestlé has given the standard response when asked about the decision, claiming a desire to be closer to core customers and technology based business as the reason for the exit. Studies of the business practices of California tell a very different story.
Joseph Vranich, a site selection consultant and president of Irvine, California-based Spectrum Location Solutions, is the author of the eight year study. He states that when businesses leave California they gain a massive cost of operating savings of between 20 and 35%.
For the $26 billion a year Nestlé, that equals some serious money.
Where are businesses going when they leave the West Coast? Vranich’s study concluded that Texas is the top destination. The other remaining top ten states are;
Nevada, Arizona, Colorado, Washington, Oregon, North Carolina, Florida, Georgia, and Virginia.
The reasons for the migration, besides the obvious operating savings, are multi-faceted.
All aspects of California are experiencing financial instability. State and local governments cannot be counted on to provide essential services to businesses when they are so uncertain. Tax breaks and incentives are out of the question as well in those situations.
In addition, the chronic condition of California budgets, out of balance, often signals incoming tax hikes for the companies. No business could be comfortable with that kind of uncertainty.
A higher than average unemployment rate does not help CA retain businesses
Work ethics also factor in. California has an unemployment rate which is consistently higher than the national average. On the other hand, states like Texas have low unemployment, making them more attractive to businesses.
Taxation is definitely affecting the rate of migration. The states attracting businesses have lower tax rates, not just for the companies themselves but also for employees. Add in lower housing and commercial real estate prices and less labor costs and the decision becomes clear.
Counties such as Orange, San Francisco, San Diego, Sacramento, and Alameda are seeing the largest amount of exodus. Los Angeles is at the top of the list of effected counties.
States like Texas and Virginia are sweetening the deal, offering large incentives for companies that make the move. Virginia offered tax breaks of approximately $16 million to Nestlé.
California can’t and likely doesn’t want to compete. They certainly don’t want the loss of revenue and jobs either but their financial troubles and unwillingness to give breaks does not make the decision too difficult.
Besides Toyota and Nestlé, the list of businesses that have left California include some major names;
Heinz – From Los Angeles to Florida and Ohio
Walt Disney – From Orange to Florida
J.M Smucker – From San Francisco to Ohio
Lyft – From San Francisco to Tennessee
Uber – From San Francisco to Pennsylvania
Apple Inc. – From Santa Clara to Arizona
Obviously, California cannot afford this kind of mass migration. Erratic leadership and erroneous financial decisions have left the state struggling to cover the most basic necessities. The loss of revenue, jobs, and status will have a continued effect on the liberal state that they may never recover from.
Their threats of secession are based on the assumption that the United States needs California more than the opposite. The state needed to be seen as indispensable, a source of too much income to be easily let go.
They have failed in those goals. The crumbling state is a burden on the country and their stubborn refusal to accept any of the blame provides even more reasons to grant their wish and allow them to fend for themselves.
https://conservativedailypost.com/26b-ca-company-says-done-liberal-nonsense-moving-south-1200-new-jobs/?utm_source=Email&utm_campaign=23_Feb-1&utm_medium=Aweber
Posted by Allison Hillman | Feb 23, 2017 | Liberal Corruption
The latest company to leave the failing state of California
California is losing businesses at an alarming rate. Large corporations are making the decision to leave, fleeing to states that are more welcoming to big business. The savings in revenue is drastic for the companies, their exits leaving California in an even more precarious position.
The state has suffered recently, mostly due to poor leadership. Billions have been “lost” in accounting errors, schools are broke, a neglected infrastructure is collapsing around them, and illegals and refugees have become the new priority. Given those circumstances, it is no wonder that companies would rather have their headquarters elsewhere.
The latest giant to pack its bags is the Nestlé Corporation. They made the official announcement that they will be moving; from a Los Angeles suburb to Rosslyn, Virginia.
The cross country move will result in the loss of 1,200 jobs for the struggling state. Looking at the numbers, it is clear that California has brought this on themselves.
Nestlé made be the latest but they are definitely not the first. An eight year study, concluding in 2015, shows that at least 9,000 businesses of all sizes have either left California completely or chosen other states for expansion. These numbers do not include businesses opening new facilities elsewhere to have better access to growing markets.
Toyota is at the top of the list in terms of size of businesses that have left. Leaving their 3 locations in California, the Japanese automaker is heading for Texas, setting up their headquarters in Plano. The number of jobs it will add to the Texas economy? 4,000.
The car giant brought 4,000 jobs to Texas
Nestlé has given the standard response when asked about the decision, claiming a desire to be closer to core customers and technology based business as the reason for the exit. Studies of the business practices of California tell a very different story.
Joseph Vranich, a site selection consultant and president of Irvine, California-based Spectrum Location Solutions, is the author of the eight year study. He states that when businesses leave California they gain a massive cost of operating savings of between 20 and 35%.
For the $26 billion a year Nestlé, that equals some serious money.
Where are businesses going when they leave the West Coast? Vranich’s study concluded that Texas is the top destination. The other remaining top ten states are;
Nevada, Arizona, Colorado, Washington, Oregon, North Carolina, Florida, Georgia, and Virginia.
The reasons for the migration, besides the obvious operating savings, are multi-faceted.
All aspects of California are experiencing financial instability. State and local governments cannot be counted on to provide essential services to businesses when they are so uncertain. Tax breaks and incentives are out of the question as well in those situations.
In addition, the chronic condition of California budgets, out of balance, often signals incoming tax hikes for the companies. No business could be comfortable with that kind of uncertainty.
A higher than average unemployment rate does not help CA retain businesses
Work ethics also factor in. California has an unemployment rate which is consistently higher than the national average. On the other hand, states like Texas have low unemployment, making them more attractive to businesses.
Taxation is definitely affecting the rate of migration. The states attracting businesses have lower tax rates, not just for the companies themselves but also for employees. Add in lower housing and commercial real estate prices and less labor costs and the decision becomes clear.
Counties such as Orange, San Francisco, San Diego, Sacramento, and Alameda are seeing the largest amount of exodus. Los Angeles is at the top of the list of effected counties.
States like Texas and Virginia are sweetening the deal, offering large incentives for companies that make the move. Virginia offered tax breaks of approximately $16 million to Nestlé.
California can’t and likely doesn’t want to compete. They certainly don’t want the loss of revenue and jobs either but their financial troubles and unwillingness to give breaks does not make the decision too difficult.
Besides Toyota and Nestlé, the list of businesses that have left California include some major names;
Heinz – From Los Angeles to Florida and Ohio
Walt Disney – From Orange to Florida
J.M Smucker – From San Francisco to Ohio
Lyft – From San Francisco to Tennessee
Uber – From San Francisco to Pennsylvania
Apple Inc. – From Santa Clara to Arizona
Obviously, California cannot afford this kind of mass migration. Erratic leadership and erroneous financial decisions have left the state struggling to cover the most basic necessities. The loss of revenue, jobs, and status will have a continued effect on the liberal state that they may never recover from.
Their threats of secession are based on the assumption that the United States needs California more than the opposite. The state needed to be seen as indispensable, a source of too much income to be easily let go.
They have failed in those goals. The crumbling state is a burden on the country and their stubborn refusal to accept any of the blame provides even more reasons to grant their wish and allow them to fend for themselves.
https://conservativedailypost.com/26b-ca-company-says-done-liberal-nonsense-moving-south-1200-new-jobs/?utm_source=Email&utm_campaign=23_Feb-1&utm_medium=Aweber
Yesterday at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Yesterday at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Yesterday at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Yesterday at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Yesterday at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Yesterday at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Yesterday at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Yesterday at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Yesterday at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Yesterday at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Yesterday at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Yesterday at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Yesterday at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Yesterday at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Yesterday at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Yesterday at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Yesterday at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Yesterday at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Yesterday at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Yesterday at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Yesterday at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Yesterday at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Yesterday at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Yesterday at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Yesterday at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Yesterday at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Yesterday at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Yesterday at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Yesterday at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Yesterday at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Yesterday at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Yesterday at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Yesterday at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Yesterday at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Yesterday at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Yesterday at 6:56 am by Rocky
» Electronic payment is sustainable growth
Yesterday at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Yesterday at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Yesterday at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Yesterday at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Yesterday at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Yesterday at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Yesterday at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Yesterday at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Yesterday at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Yesterday at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Yesterday at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Yesterday at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Yesterday at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Yesterday at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Yesterday at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Yesterday at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Yesterday at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Yesterday at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Yesterday at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Yesterday at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Yesterday at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Yesterday at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Yesterday at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Yesterday at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Yesterday at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Yesterday at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Yesterday at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Yesterday at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Yesterday at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Yesterday at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Yesterday at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Yesterday at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Yesterday at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Yesterday at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Yesterday at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Yesterday at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Yesterday at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Yesterday at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Yesterday at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Yesterday at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Yesterday at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Wed 27 Mar 2024, 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Wed 27 Mar 2024, 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Wed 27 Mar 2024, 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Wed 27 Mar 2024, 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Wed 27 Mar 2024, 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Wed 27 Mar 2024, 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Wed 27 Mar 2024, 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Wed 27 Mar 2024, 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Wed 27 Mar 2024, 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Wed 27 Mar 2024, 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Wed 27 Mar 2024, 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Wed 27 Mar 2024, 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Wed 27 Mar 2024, 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Wed 27 Mar 2024, 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Wed 27 Mar 2024, 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Wed 27 Mar 2024, 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Wed 27 Mar 2024, 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Wed 27 Mar 2024, 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Wed 27 Mar 2024, 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Wed 27 Mar 2024, 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Wed 27 Mar 2024, 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Wed 27 Mar 2024, 7:12 am by Rocky