Audio Clips

29 July 2010

Business Emigration Out of California

Thomas Donley wrote an editorial in Barron's this week on the failures of the state of California. One paragraph in particular stood out for me.

Joseph Vranich, a consultant in Irvine, keeps tabs on business emigration because he makes a good living helping companies depart. He calls himself a "business relocation coach," and business is booming. Using public information, he tallied 85 corporate departures, partial or complete, between Jan. 1 and July 20, 2010. That's twice as many as he counted in all of 2009, and nearly three times as many as in the three years before that.

Apparently California's ingenious plan to drive businesses out of the state is working. Mwuu ha ha!

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