California Businesses Leaving State Accelerates in 2021…

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A report studying business headquarter migration says California’s businesses are moving their centers of operations at a much higher rate in 2021 compared to previous years.

The Hoover Institution at Stanford University on Monday released its report, “Why Company Headquarters are Leaving California in Unprecedented Numbers.”

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The authors use several different sources to track business migration out of the state, finding the number of companies who either announce or file that they’re in another state has risen sharply in the first six months of 2021 compared to all of 2020 or previous years.

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