The Corporate Departure from California
For years, California has been a thriving market for emerging companies. However, the Golden State has since had to compete with neighboring states to keep companies from leaving. The California Policy Institute counted more than 237 businesses that have left the state since 2005. Among these businesses were eleven Fortune 1000 companies , such as McKesso . The economic impact from these departing companies is likely to be expansive. California’s tax laws and prohibitive regulations are...