Today, in an Orange County Register editorial entitled “Texas messing with California,” the newspaper expressed concern about corporations leaving business-hostile California for other states. They noted three companies founded in California that have selected business-friendly Texas as their new home, namely Fluor Corp. (founded in 1912), Calpine (1984) and Occidental Petroleum (1920).
If the editorial writers had more space, they also could have mentioned Northrop Grumman, founded in California in 1939 as Northrop Aircraft Inc., which relocated its headquarters to Virginia in 2011.
“Under the radar” are smaller privately-owned companies that depart California with little or no notice.
It’s a thought-provoking editorial, and you can find it here (only people with a subscription to the Register will be able to open the link).
Joseph Vranich of Spectrum Location Solutions helps companies find great locations in which to grow. Joe also is a keynote speaker on the challenges and benefits of business owners relocating out of high-tax, high-cost, over-regulated states. More information is available at Biography and Speaking Availability.