The cost of living is still rising in California.
It'll take more than star power to bring business back.
Workmen's Compensation Insurance is the most visible reason why business is leaving Calif. Went up 400%, then they carved back 11%. Doesn't compute.
One plastics company in So Cal had been in business for over 50 years. They fould they could move ALL their employees-350 or so-, and all their machinery, build a new building that was larger and more efficient, and recover all their MOVING costs for employees and machines in under 9 months on the Workmen's Comp Insurance savings alone.
The extra kicker? Electricity costs for new plant being closer to Hoover Dam generation facilities are 62% of costs in So Cal. Last I heard, 338 employees had decided to move. Employees homes in Nevada are cheaper, also. No state income tax for personal or corporation, either. They owned their old land and buildings, and sale of them paid for new ones, I believe. Seems like a complete no-brainer to me, even with my one room school grade school education.
Those are amazing figures.