What major corporation will be the next to abandon L.A.?

[jbunniii]

Originally Posted by Charles

Northrop Grumman current openings:

US Total: 2132
CA: 525
NC: 13

Yeah, I thought I might have the state wrong. My knowledge of eastern US geography is a bit spotty. Where are the other 1500 openings?

[Charles]

Originally Posted by jbunniii

Yeah, I thought I might have the state wrong. My knowledge of eastern US geography is a bit spotty. Where are the other 1500 openings?

Virgina
Washington DC
Maryland
and a lot scattered around the US

But still, about a quarter of those Northrop Grumman jobs are in California, mostly southern California El Segundo and northern San Diego.

[CAVA1990]

Originally Posted by CDGJFK

Everyone seems to be moving to Washington DC. The new it place.

Actually they're moving to Virginia. There are very few companies opening offices in DC. Virginia is much more business friendly than DC or MD. But you're right that the DC metro area is the new "it" place. VA has a much better balance of home prices to salaries, lower taxes, and much less regulation. On top of that it's an attractive spot to live for executives and workers as it has a lot more habitable areas than CA, where everyone tries to cram into the coast because it's so hellish living anywhere else there.

[Charles]

Originally Posted by CAVA1990

Actually they're moving to Virginia. There are very few companies opening offices in DC. Virginia is much more business friendly than DC or MD.

He could have (probably) meant the Washington DC region. For example, when someone says "The Pentagon" people think "Washington DC" and not Virginia (where it really is).

Northern Virginia and Washington DC is essentially the same (Potomac) region. Baltimore could almost be thrown in there.

[Jonah1979]

Disney is building a new Studio in Santa Clarita and it will be larger than the one in Burbank. However, they've been moving their back office people to Florida like crazy.

[Charles]

Originally Posted by Jonah1979

Disney is building a new Studio in Santa Clarita and it will be larger than the one in Burbank. However, they've been moving their back office people to Florida like crazy.

That's the first I've heard of it; Great news.

Disney plans to build major production facility near Santa Clarita - Los Angeles Times

[hsw]

Real questions are where are sources of $200K++/yr jobs...and where do smartest new college grads migrate for their careers...LA badly trails NYC and SiliconValley on these key metrics
LA's largest cos. (by value) are Occidental, Amgen and Disney
A few hedge funds in CentCity, SM and BH have some high-income jobs; but HFs, unlike "normal" employers, need very few employees to generate massive profits

But CA is a high-tax, anti-business state (almost as bad as NYC), so any "normal" (non-tech and non-financial) major company will logically look to move its HQ (and highest-income jobs) to suburban Dallas, perhaps world's most efficient business region

And sweatshops (often with wealthy entrepreneurs) in inland LA can also be more efficiently operated from suburban Dallas or Houston, esp in era of mobile computing; cheap shipping; and plentiful cheap, illegal, low-skill labor throughout US

Tech industry will likely continue to center around PaloAlto because of Stanford and the VCs...and the critical mass of very talented and wealthy engineers who prefer living and working in PA area amongst their peers

Top financiers can work anywhere with a fast Net connection in era of mobile computing...but will usu choose to live/work in NYC or SiliconValley/SF or BevHills, based upon lifestyle preferences (though some may adopt TX residency for tax purposes as long as they are in CA or NYC <170d/yr)

[SOON2BNSURPRISE]

Business will always go where they can get the most bang for their buck. If a company can safely move operations and the cost to do so is economically advantageous they will do it everytime. I would do the same thing if I were running an operation. In Oxnard Haas Automation thrives. The reason? Cargo ships enter the Port of Hueneme full and head out to sea empty. It is an economic advantage for Haas to put its CNC milling machines on cargo ships that are mostly running empty. If that advantage were to change I bet Haas would open a facility in Texas off the Gulf Coast. For them the cost advantage is with the shipping of large machines around the world.

Disney is a company that can maintain a presence here or in Florida where it allready has a similar set up. If it is cheaper to film in Florida or run the many companies that they run I would bet that Disney would also leave the area, although they have so much at stake here allready that it would be a stretch to move it all. Who knows though.

Amgen in Thousand Oaks near my part of the world has been quietly building and buying operations in other states and in Puerto Rico for many years now. The company is entrenched in the Conejo Valley though and a move although possible may be hard to happen. The majority of those running the place and working for them loves the Ventura County area. Their again if the economics work in their favor and California continues to go after those with the green they could say good by to the area and produce their product somewhere else.