Business Services Industry
Other states luring away California businesses.(CALIF EXODUS)(Brief Article)
Kiplinger California Letter, The, August, 2003
Other states are going in for the kill, luring Calif. companies with promises of lower costs and a better business environment. Economic development officials are exploiting firms' dissatisfaction over the ever-climbing cost of doing business in California.
They're pointing out the state's shortcomings in hard times:
Workers' comp. Machine shop rates are triple the rates in Ariz.
Taxes. Wyo. and Nev. have no corporate or personal income tax.
Energy. A plastics firm's costs dropped by two-thirds in Texas.
Living costs. Southern states talk up lower housing prices.
Business climate. Jacksonville, Fla., touted amiable lawmakers and governor when it drew Fidelity National Financial from California.
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