Showing posts with label Businesses Leaving California. Show all posts
Showing posts with label Businesses Leaving California. Show all posts

Friday, October 10, 2014

Wine and cheese set doesn't care

October 10, 2014 2nd Amendment , Arizona 0 Comments
Calif Loses One Of World's Largest Manufacturers To Anti Gun Politics

By Leisa Crawford, Oct. 5, 2014, Misguidedchildren.com

ProMag Industries, one of the world’s largest firearm magazine manufacturers has relocated from California to Arizona.

California an Anti 2nd Amendment State

ProMag Industries, General Manager, Mike Kurvink, explains the decision to relocate was based on California’s anti-second amendment political environment and the proliferation of restrictive gun manufacturing legislation.

In an effort to control their citizens’ right to bear arms, California legislators have hammered away at the firearms manufacturing industry by passing laws that amplify and redefine the specifications of a gun magazine. If the politicians in California cannot directly impede the sale of guns in the state, they will control them through legislation that makes it difficult if not impossible to manufacture.

Arizona a Constitutional Carry State

One of the reasons the owners of ProMag selected Arizona as the site for relocation was that they are a constitutional carry state. Meaning, it is legal for the citizens of the state to carry a fire arm without requiring a permit.

Read the full story:  www.misguidedchildren.com

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Sunday, September 28, 2014

One of highest min wages in country

September 28, 2014 Businesses Leaving California , City of Los Angeles 0 Comments
L.A. Mayor, City Council: Best Advertisement For The Move To Texas

By Jack Humphreville, Sept. 26, 2014, Citywatchla.com

LA WATCHDOG-On Wednesday, the Herb Wesson led City Council approved the Citywide Hotel Minimum Wage Ordinance without considering the impact on the hotel industry, the Convention Center, and the City’s well deserved “business unfriendly” reputation that has alienated employers and investors who create jobs.

As a result, on July 1, nonunion hotels with 300 or more rooms will be required to increase its hourly wage rate for all employees, including “tipped” employees, to at least $15.37, one of the highest rates in the country. On July 1, 2016, this mandated increase will apply to all nonunion hotels with 150 or more rooms. This minimum wage will also be subject to cost of living adjustments.

Unfortunately, the predisposed City Council did not engage in any real discussion or analysis of the proposed increase, ignoring the reports of three consulting firms that were only made available on Monday afternoon, hardly time for the Economic Development Committee and the City Council to digest the impact of this huge wage increase. More than likely, only a few of the Councilmembers even bothered to read the reports.

As the Editorial Board of The Los Angeles Times put it, “It’s been clear for months that the proponents of the [hotel minimum] wage on the council have no desire to have a real debate on the merits of raising pay just for hotel workers. Instead, they’ve ignored unfavorable economic studies, tuned out valid industry concerns, and overridden their own existing laws in an effort to enact what is in fact bad public policy.”

Read the full story:  www.citywatchla.com

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Tuesday, August 26, 2014

Taxes, taxes, taxes

August 26, 2014 Burger King , Businesses Leaving California 2 Comments
Have Taxes Your Way: Why Burger King Wants To Become A Canadian Citizen

By Roberto A. Ferdman, Aug. 26, 2014, Washingtonpost.com

Yet another American company is aiming to move its headquarters out of the country.

International fast food behemoth Burger King Worldwide Inc. confirmed Tuesday that it will pay about $11 billion to buy Canadian chain Tim Hortons Inc., which sells coffee, donuts, and other breakfast food fare. The deal would merge America's second-largest burger chain, which is valued at nearly $10 billion, with the Canadian equivalent to Dunkin' Donuts, which is valued at more than $8 billion. It would also move the new company's headquarters to Canada, where corporate taxes are significantly lower.

The newly merged company would become the world's third-biggest "quick service restaurant company," with more than 18,000 restaurants in 100 countries, said Burger King and Hortons in a statement Monday. The deal would create a business capable of rivaling Yum Brands, which owns Taco Bell and Pizza Hut, and is valued at more than $30 billion. But while Yum Brands operates from Louisville, KY, the new Burger King and Tim Hortons parent company would likely station itself in the Ontario province of Canada.

On the surface, the reason for a headquarter shift across the country's northern border is simple: lower corporate taxes.

As we have have noted before, when a company reincorporates abroad, as the practice is known, what it's really doing is shifting its corporate citizenship; and when a company shifts its corporate citizenship, what it's really doing is trying to pay less in taxes. The nominal corporate tax rate in the U.S., which combines national, state, and city-level tax rates, is nearly 40 percent—the highest across all 34 Organization for Economic Cooperation and Development (OECD) member countries. Canada's, by comparison, is just over 26 percent.

Read the full story:  www.washingtonpost.com

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Friday, August 15, 2014

Calif. wins Jelly Belly--loses Nestle

August 15, 2014 Andrew Khouri , Businesses Leaving California 0 Comments
Nestle To Lose Valley Food Plant
By Chris Kirkham and Andrew Khouri, Aug. 6, 2014, Latimes.com

Nestle USA will close a San Fernando Valley production plant that makes Hot Pockets by early October, shifting operations to an existing plant in rural Kentucky where costs are cheaper.

The move will eliminate 360 jobs at the Chatsworth plant, which has been making the frozen sandwiches since 1988.

A spokeswoman for Nestle USA, based in Glendale, said Wednesday that the consolidation at the Kentucky plant gives the company more room to expand and a more centrally located distribution point.

"Our overarching goal is to run highly efficient manufacturing facilities and try to be as close as possible to the customers we serve," said Nestle spokeswoman Roz O'Hearn.
It's a significant loss. But it's indicative of the problems in the city and the state with business unfriendly practices.- Stuart Waldman, president of the Valley Industry & Commerce Assn.


Experts said Nestle's decision is in line with a larger exodus of manufacturing jobs from Southern California over the last two decades.

Los Angeles County has seen a 57% decline in the number of manufacturing jobs since 1990, compared with a 31% drop nationally, according to federal and state data. As a percentage of the workforce in the county, manufacturing jobs dropped from nearly 20% in 1990 to 8.4% this year — a steeper decline than the rest of the country.

California's high cost of living can be a serious cost consideration for firms, especially food manufacturing jobs that tend to pay low wages.


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