Toyota North America HQ Leaving CA (invest, income, tax, cost)

[jm1982]

It's not a big shocker, lower costs to do business plus they'll be closer to where the cars are made.

I think we could see quite a few more businesses doing this.

The Texas economy is strong and they can offer a lot of incentives.

CA doesn't seem to be in that same position right now.

[majoun]

Originally Posted by yamota

First the Tonight Show now this, everybody's leaving southern california

I wonder when the studios will decamp.

[Gurbie]

Originally Posted by coo77

Toyota North America employs 5,300 Californians at its headquarters campus in Torrance. The company is re-locating that HQ to Plano, TX and will formally announce today. Sad day for the South Bay economy.

Toyota to move jobs and marketing headquarters from Torrance to Texas - latimes.com

That's the thanks we get for buying all those Priuses.

[jm1982]

Will be interesting to see what is done with the space after the move

[JimBaker488]

Originally Posted by dmode

Don't understand this. Why would Tesla set up everything in CA ? They have a plant here and it makes sense for them to create a plant somewhere else to maximize incentives and also negotiate against dealer laws. Anyways, their HQ is here as well. Also, why doesn't Perry create industry and new jobs instead of "poaching" from another state. Those jobs that go to Texas are just a pit stop on the way to a much cheaper destination like China.

Let me give you a little hint friend: it's got nothing to do with Perry, other than him being a messenger. When a state/region, any state/region, keeps piling regulation upon regulation, and keeps increasing the effective tax rate, capital/business will flee to other more affordable and hospitable places like Texas, or Tennessee, or wherever to base it's operations.

[3shipguy]

When will California learn and adopt a friendlier business environment? How many more companies need to leave before drastic changes are implemented? It's sad to see a state with the largest GDP (correct if I'm wrong) in such decline.

[jm1982]

I think too often there is the attitude of "people will always want to live here...the weather is so great" but having that type of attitude is risky.

It's a competitive world out there and most businesses don't HAVE to be based in CA these days.

A business here a business there adds up over time.

[thelopez2]

Originally Posted by jm1982

Will be interesting to see what is done with the space after the move

Solar or Wind farm, that is usually what you see in the barren wasteland desert. Maybe build a little city and put up mix used condo, give people a place to live but wait, they'll have no where to work. How about another Costco.

[3shipguy]

Chevron, Nissan, Toyota....who's next? Sriracha?

[dexter14]

Another big business leaving this rotten state for a great one? Shocker! You know its bad when its too expensive for giants like Toyota and Apple to continue here and they move to a very business friendly state like TX.