There were 1.3 million businesses in California at the end of 2012, 5.2% fewer than in 2011 (that’s about 73,000 fewer).
The day after Proposition 30 passed (November 6, 2012), triggering $6 billion in new annual taxes, Arizona launched a campaign to lure some of California’s top companies.
24 chief executives have now committed to leave California.
Intel announced that it will be investing billions to upgrade factories in Arizona, in addition to building a new factory in Oregon. The plan is projected to create between 6,000 and 8,000 construction jobs and 800 to 1,000 high-tech factory jobs, a huge loss for California.
“The Intel investment in Oregon, when you add it to Arizona, is $8 billion, with a ‘B,’ so the exodus of capital from California is running at an alarming rate.”
Within a month of that prop passing a friend of mine saw his property value go up about 20% on the NV side of Tahoe from the number of units that sold to Californians in that period...