
Los Angeles Korean businesses actively seeking to flee from CA for TX
One type of business has a special affinity for California — Asian businesses. They have substantial ethnic communities built up, and are comfortable being on a Pacific Rim state.
But oddly enough, these Asian business people seem to have an interest in maximizing profits — or at least staying in business. Of course, all California businessmen have the same desires, but not all have the bonding ties to their local ethnic communities that is common among Koreans, Vietnamese, Filipinos, Chinese and Japanese.
Retail businesses do not move easily, as they have an established customer base that won’t move with them. But other businesses that MAKE things don’t have that problem, and now other states are beckoning.
The oddest state is also perhaps the most economically attractive — Texas. Asians probably don’t relish moving to that stereotypically redneck state, far from their established roots in CA. But closer inspection reveals significant Asian populations scattered around the state.
CONSIDER THIS: Per capita, and adjusted for the cost of living, CA ranks 37th in GDP of the 50 states. Only 13 states are… Read More