Where Are All of California’s Businesses and Jobs Going?

Commentary California has long been hailed as a powerhouse for businesses, serving as a hub for innovation, technology and a diverse range of industries serving a multi-billion dollar consumer and business-to-business marketplace. In recent years, there has been a growing exodus of businesses, both large and small, fleeing the state because of burdensome regulations that make it not only difficult, but unprofitable for businesses to operate in California. Once a place that offered business owners exceptional economic opportunities, the California business community now faces a growing onslaught of anti-business policies every year. These policies are bad for all Californians. The inevitable higher costs of doing business, evidenced by higher taxes and higher costs of regulation, are ultimately passed to the consumer in the form of higher prices....