Japanese reluctantly abandoning California to move businesses to Texas
Historically Japanese executives and their companies has been much more comfortable concentrating in California on the Pacific Rim rather than the “inland” and East Coast states. We have a small but successful Japanese population dating back generations. CA is not considered a prejudiced state for Asians. The Japanese have surely felt particularly out of place in the South.
Apparently that undeniable Golden State preference has given way to economic reality. Texas (among other states) is FAR better for a company’s bottom line than Taxifornia.
EXCERPT: “At least 175 Japanese projects have translated into $19 billion in direct investments in Texas since 2003, according to the Texas governor’s office. Some recent investments include:
* Toyota is relocating its U.S. headquarters from California to Plano, building a $300 million campus that will employ nearly 40,000 in 2017.
* Tractor maker Kubota Corp. is investing $51 million to move its headquarters and about 350 jobs from California to Grapevine.
* Mitsubishi Heavy Industries plans to build a $100… Read More