ICYMI: California Policies Driving Tech Expertise To Texas
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California Policies Driving Tech Expertise To Texas
Riverside County Press-Enterprise
Like many other California businesses, tech firms are relocating or expanding operations in others states – particularly Texas – at an alarming rate.
The need for a more stable workforce was one of the main reasons cloud-computing company LiveOps Cloud moved from Silicon Valley to a suburb of Austin, Texas.
Other reasons to move or expand out-of-state are government-created: high taxes, burdensome regulations, unaffordable housing due to excessive development fees and restrictive land-use policies.
Texas, by contrast, has no personal income tax and no corporate income tax (though it does have a less-onerous gross margins tax), and is universally hailed for having one of the friendliest business climates in the nation.
Google, Facebook, Apple, Dropbox, Oracle and nearly two dozen other Bay Area tech companies have all built or expanded facilities in Texas just since 2014, the Chronicle reported.
If California’s anti-business attitudes do not change and the state continues to chase its brightest and most productive members of society to states with greater economic opportunity, who will be left to prop up its burgeoning welfare state and radical environmental agenda?
Read the full editorial.