The Wall Street Journal reports that neighboring states, as well as some states as far flung as Georgia and Tennessee, are stationing official “business recruiters” in California to convince businesses to move their operations out of state.This is what a rotting carcass looks like...
It’s no accident that California is the main target. The Golden State has the nation’s largest economy, but it is also one of the least business-friendly: A recent CNBC study reported that California has the third-highest cost of doing business in America due to its high taxes and endless bureaucratic red tape. Combine this with a dysfunctional state government, and it’s not hard to see why some companies might want out. And with the voters electing a new Democratic supermajority that many expect will increase the burden on state businesses, the job sharks think they have an attractive pitch.
It’s still too early to know whether the sales pitch is working, but the mere fact that other states are investing so much in luring businesses away suggests that some are detecting a distinct hint of blood in the water.
Thursday, January 03, 2013
First, evryone who can leaves. Now, the poachers: