In 2010 193 businesses pulled up stakes or materially reduced their business investment in California to build facilities out of state or out of the country. This compares to 51 companies leaving in 2009 according to Joseph Vranich who bills himself as a business relocation coach. In a series of posts on his business relocation blog he documents the companies departing and where they said they were going.
These business losses are driven by deliberate business decisions to relocate outside of California followed by decisions to redirect capital investment that more likely than not would have been directed to California but now will not. California is losing its attractiveness to business while other states with better business conditions are working hard to suction up the doubters.
The biggest losers among California Counties are Orange County (40) Santa Clara (36), the heart of Silicon Valley, Los Angeles County (34) and Alameda County (14) together making up 64% of the business losses.
The series of blog posts Joe Vranich has produced is eye opening reading for those who want California to return to growth and succeed, but it is going to take a change in attitude to match changes in policies for that to happen.