• Another year, more California 'exes' are living in Texas

    From John Smyth@21:1/5 to All on Sat Dec 7 23:21:04 2024
    XPost: alt.fan.rush-limbaugh, alt.politics.republicans, talk.politics.guns XPost: alt.computer.workshop

    What kind of fucking idiot would want to live in California?

    'Another year, more California ‘exes’ are living in Texas'

    <https://www.washingtonexaminer.com/news/3253476/another-year-more-california-exes-are-living-in-texas/>

    '(The Center Square) – Another year, and a similar pattern continues:
    Many California businesses keep leaving.

    Despite claims by California Gov. Gavin Newsom that California is “the beating heart of the American economy,” companies keep relocating. Their primary destination is Texas.

    More than 360 companies have exited California since 2018, according to
    the California Policy Center’s California Book of Exoduses, which tracks corporate exits from California. Since 2005, more than half that left
    had relocated to Texas by 2023, The Center Square reported.

    Among those exiting this year was Global tech company Simplilearn.
    Relocating from San Francisco to Plano, “one of the most dynamic tech communities in the United States,” was “a key contributor to its revenue,” Krishna Kumar, Simplilearn’s founder and CEO, said. Moving to Texas in October marked “a pivotal moment in our journey, driven by our commitment to being at the forefront of a thriving tech ecosystem and
    tapping into a diverse talent pool.”

    Resources Connection Inc., a management consulting firm, relocated its headquarters from Irvine, California, its headquarters of nearly 30
    years, to Dallas on Nov. 1.

    Medical device company Koya Medical, Inc. relocated its headquarters to
    Dallas from Oakland, expecting to create more than 200 new jobs. It
    received financial incentives from the Dallas City Council to do so.

    ABBYY, a data analytics and AI company, relocated its global
    headquarters from Silicon Valley to what is now known as Silicon Hills
    in Austin. “Relocating our headquarters to Austin, where our product leadership team already is, places us at the heart of a growing tech ecosystem,” Ulf Persson, ABBYY’s CEO, said. The company began operating
    in California in 1999 and its headquarters in Silicon Valley in 2019.

    FreshRealm, a meal kit company that fulfills and produces meals for
    retailers like Amazon, Kroger, Blue Apron, and others, relocated its headquarters from California to Lancaster, Texas. It broke ground in
    2023 on an 88,000 square foot space to expand operations in Texas, which
    offers a “rich heritage of hard work” in a “dynamically growing region that is actively investing in its people and businesses,” its president,
    Snow Le, said.

    At the beginning of the year, Graze Inc., a California robotic lawnmower
    firm, announced its move to Plano, “home to some of the world’s most innovative companies …” and “the epicenter” of a “thriving economy.”

    Companies based in other states that had operations in California also
    pulled them as Californians continue to face a homeowner insurance
    crisis. Galveston, Texas-based American National Insurance said it was
    pulling its homeowners insurance policies in California and other states
    due to “persistent underwriting losses over the last 10 years,”
    Insurance Journal reported.

    State Farm, Allstate, AIG, Chubb, Falls Lake Insurance, AmGUARD, Tokio
    Marine America Insurance Co., and Trans Pacific Insurance Co. all
    announced they are leaving California, not writing any new homeowner
    insurance policies or renewing them, Insurance.com reported.

    Every year, as California ranks last or near last, Texas ranks first as
    the best state for business, for attracting new businesses, first for
    job creation, job growth and economic expansion, The Center Square has reported.

    In 2023, Texas gained 500,000 residents, with the most – more than
    102,000 – coming from California, according to Census data. People are flocking to Texas because it has no personal income tax, a state
    government that supports law enforcement, its businesses are leading the
    U.S. in job creation and growth, and its economic expansion dominates,
    Gov. Greg Abbott argues.

    Until 2020, California reported population gains every year since 1900.
    Under Newsom, California for the first time since 1850 reported its
    first population loss, according to Census data.

    Despite Newsom’s office recent claim that people were flocking to
    California, data shows the opposite: California remains the top state
    for exits, The Center Square reported. Businesses and residents are
    leaving California citing high taxes and unaffordable housing
    conditions, among other concerns.

    Outmigration has cost California. In 2021 and 2022, California lost $24
    billion in outgoing personal incomes, according to IRS data, The Center
    Square reported'

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