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Joseph Vranich of Spectrum Location Solutions discusses why businesses continue to leave the Golden State.
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Not -- know who it California the exodus continues.
250 -- company -- left the state in 20091126%.
More than left in 2010.
Joseph ratchet from a spectrum location yeah.
-- in Irvine and he keeps these numbers are.
Are you telling me that the pace of the exodus companies leaving California is speeding up.
It sure is Stewart and those numbers that number's only the tip of the iceberg because of the kind of system I use to track the departures.
Experts in the industry would say that it's the departure rate is problem -- five may be as much as ten times higher than that number.
So we're talking about several thousand companies that are -- California last year what -- company is leaving.
It's all over the lot manufacturing.
Cost -- computer are indeed people.
I can tell you -- -- since January 1 of this year.
I've had seven inquiries from seven California based companies about leaving the state every one of -- in a different industry.
Moreover I'm involved in one way or another in moving one point 25.
Million square feet of manufacturing.
Out of the state.
That's what you do -- I mean you you could be criticized his talk -- up your own book couldn't you because.
That's what you do for a living I mean you help people leave California and taken to Texas so you -- all wherever so that's what you do isn't it.
That's what I do but I help people all over the country so if you're no nor anyone and moved to Tennessee or some other -- for example I am my associates come in and help with all that.
I think the point I'm trying to make it out make it a little clear have a clear.
I've never have I had such an intensive level of inquiries from California based company's.
So if you're in California and you're concerned about the health of this state indeed you have legitimate cause to be alarmed.
Is that what it is the health of the state the financial health of the state or is it regulations is it their -- cap and trade bill at what what is it did exactly -- getting people out.
-- give me the top three reasons actually have a list called the top ten reasons why California companies are calling the moving companies.
But tied for number one spot her high taxes and excessive regulations if you heard a lot of profit you're concerned about taxes.
If you're paying non by your fingernails -- excessive regulations contribute to your costs the third reason is just general.
Basic hostility.
California companies pay their taxes they try to be good citizens.
They cost state or local government agency and they feels if every conversation.
-- becomes adversarial.
And they're just frustrated with this hostile treatment from the state any chance -- some of the big name high tech companies would leave.
Well yes as a matter fact that under non disclosure agreement -- can't say -- -- -- the upcoming ones are but they're very high tech and of course in the past.
We've seen companies like Northrop Grumman Lockheed and others that are extremely high tech move out.
And we've also seen companies like apple Intel and so forth steep their headquarters in California but put major facilities in other states where.
For example electricity costs are lower got to -- --
