Bye bye California
And another one jumps the ship -- from
Sacramento station CBS13:
Folsom Company Moving To Texas, Citing California Costs, Red Tape
It�s official. Folsom-based company Waste Connections is moving out of California and headed to the state of Texas.
The company, the collects solid waste, announced the move Monday morning saying it was relocating its headquarters to The Woodlands in Texas.
Chairman and Chief Executive Officer Ronald J. Mittelstaedt told CBS13 the decision to move was based on two main factors. Although he called California home, he says the company needed to be more centrally located in the country.
�Then the other part of it was the cost of doing business in California. Highest tax rates in the nation. Until recently very expensive real estate. Tremendous regulation and really a broken legislature. Something that�s got a built-in structural deficit that�s not going to improve,� explained Mittelstaedt. �The reality is this is just a very difficult place to do business. It�s a very expensive place to do business.�
I wonder just how bad it will have to get for those morons in Sacramento to change.
Small government is best for business and the happier the business economy is, the more tax revenues you collect (not to mention lower unemployment expenses).
Posted by DaveH at December 13, 2011 1:22 PM