Posted by Ron Nehring at 6:12 pm on Apr 28, 2014 Comments Off on Toyota moving out of California underscores the state’s uncompetitive jobs climate
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… Read More