It's probably going to be ok though, the feds will bail them out at the rest of the countries expense.
NEW YORK (CNNMoney) -- Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of California companies are seeking friendlier business environments outside of the Golden State.
And governors around the country, smelling blood in the water, have stepped up their courtship of California companies. Officials in states like Florida, Texas, Arizona and Utah are telling California firms how business-friendly they are in comparison.
Companies are "disinvesting" in California at a rate five times greater than just two years ago, said Joseph Vranich, a business relocation expert based in Irvine. This includes leaving altogether, establishing divisions elsewhere or opting not to set up shop in California.
"There is a feeling that the state is not stable," Vranich said. "Sacramento can't get its act together...and that includes the governor, legislators and regulatory agencies that are running wild."
The state has been ranked by Chief Executive magazine as the worst place to do business for seven years.
Answer by UpSheRises at 8:28 AM on Jul. 13, 2011
Answer by Anonymous at 9:03 AM on Jul. 13, 2011
I would say a huge part of CA is socialist - by def. I hope those aren't union jobs. PBO's admin. won't allow relocation
Answer by jesse123456 at 9:19 AM on Jul. 13, 2011
Answer by wendydays at 9:20 AM on Jul. 13, 2011
Answer by wendydays at 10:03 AM on Jul. 13, 2011
Answer by jesse123456 at 10:21 AM on Jul. 13, 2011
Not surprising. This has been happening for a while though. Longer than 7 years I believe. Some companies saw the writing on the while before that. A good friend of mine that lived in CA when I left had the choice to keep her job and move to Texas where the company was relocating or to take a severance package to stay till the end when they were closing shop in CA. This was probably about 10 years ago. She didn't know anyone in TX and had planned on moving to IL so she took the package and stayed until the bitter end. Once they rolled up shop she packed up and moved to IL.
Answer by QuinnMae at 10:34 AM on Jul. 13, 2011
Answer by yourspecialkid at 11:15 AM on Jul. 13, 2011
Answer by minnesotanice at 11:21 AM on Jul. 13, 2011
Answer by itsmesteph11 at 11:43 AM on Jul. 13, 2011
Next question overall
My son's dad says for child support.... he is going to file for a hardship....