Add Toyota to the list of companies moving out of California and choosing the lower taxes, better business climate and crushing humidity of Texas. In this Flashreport commentary, Ron Nehring discusses the problems and solutions for making the Golden State once again competitive for jobs and business growth.
California’s uncompetitive environment for business and jobs was spotlighted in dramatic fashion on Monday as Toyota announced it would move its U.S. corporate headquarters out of Torrance in Los Angeles County, draining another 3,000 good jobs out of the state’s economy.
Where will these jobs go? You guessed – Texas. Plano, Texas.
Where is Plano? It’s just north of Dallas. Now, I like Texas – it’s big, it’s conservative, it’s pro-growth and individual liberty. But Plano, Texas can’t hold a candle to Los Angeles, with its coastline, beaches, culture and lack of punishing humidity. For a business to move from beautiful Los Angeles to Texas, there must be a serious reason.
Jim Lentz, Toyota’s CEO for North America, says the cost of doing business in California versus Texas wasn’t a factor. Maybe. The company says it wants to move its headquarters to be closer to its main manufacturing plants, which are, you guessed it, not in California.
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