There has been 201 large companies of 100 employees or more that have moved out of California from 2018 to 2022. But just this year alone, the number has nearly doubled to 354 — with 153 and counting leaving the state this year so far.
A website named BuildRemote has been tracking the fleeing companies, so we won’t put a list here. But the site also listed some of the phrases companies used as they announced their leaving of the state.
Here are a few of those phrases that show just how unfriendly California is to business:
- Finding a place that is “easier to hire talent“
- In search of a “great talent pool” (in the new city and state)
- Seeking a “more sustainable place to do business“
- There is an “increasing intolerance and monoculture of Silicon Valley“
- Seeking “a strong economic climate with low taxes, reasonable regulations and a high-caliber workforce”
- Moving for “our business needs, opportunities for cost savings, and team members”
- There were “some symmetries in the way that the Bay Area works that just didn’t really work well for us”
- “Arizona provided the ideal conditions of being business-friendly, offering a high quality of life at reasonable cost”
- Employees can be homeowners in Texas, “which in the Bay Area is virtually impossible”
- “In California, local rules could dictate how the company chooses board members, for instance”
The site added that more than 350 are gone:
- 2021: 153
- 2020: 75
- 2019: 78
- 2018: 46
And where are they going? Why, Texas, of course.
- Texas: 27 (44%)
- Arizona: 5 (8%)
- Colorado: 4 (7%)
- North Carolina: 4 (7%)
- Florida: 3 (5%)
- Tennessee: 3 (5%)
- Ohio: 2 (3%)
- Multiple locations: 2
- 11 states: 1
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This post originally appeared on iPatriot.com
