Friday, April 15, 2011

Going Galt? '69 more firms move jobs, facilities out of California'

Well, speaking of "Atlas Shrugged," here's the latest from California's wrecker economy, at Orange County Register: - americanpowerblog
So far this year, 69 companies have moved all or part of their California work and jobs to other states or countries, reports Irvine relocation consultant Joe Vranich. It's the fastest rate of departures since Vranich started tracking the exodus in 2009, he says. There have been an average of 4.7 moves per week from Jan. 1 through April 12, compared to 3.9 moves in all of 2010. The numbers are low, Vranich says, estimating that only one in five out-of-state moves is made public. In what he calls "disinvestment events," Vranich counts companies that move jobs, facilities or headquarters out of California. He doesn't count companies that invest outside the state for growth or marketing reasons. Among the 69 are some big names: CKE Restaurants, which started in Orange County and now is based in Carpinteria; Dunn-Edwards paints in Vernon; and eBay Inc. in San Jose which will add 1,000 high-paying jobs in Austin, Tex. after receiving government incentives to locate there.
69 more firms move jobs, facilities out of California - OC Register
Why do Companies Leave California? Here Are Ten Reasons (Updated) - thebusinessrelocationcoach
Meet the companies - (Updated April 15 to Reflect New Loss) - - thebusinessrelocationcoach
The numbers are low, Vranich says, estimating that only one in five out-of-state moves is made public.” - Ed Driscoll