After ‘horrifying’ defund police efforts, investors will pay moving costs for California companies to relocate to Texas
Location advisory firm Spectrum Location Solutions’ motto, “helping businesses grow in great locations,” doesn’t include California.
But it does include Texas. In fact, that’s its top choice.
The Pittsburgh-based company, which moved out of California in 2018, is teaming up with three private investors to cover moving costs for businesses to flee states it considers business hostile, like California, to more business-friendly states, like Texas.
The offer applies to any business with revenue ranging from $5 million to $200 million, said Joe Vranich, the firm’s president and a frequent critic of California’s business environment. He has been tracking corporate migration away from California for years.
“California is our No. 1 target because the irresponsibility of California’s politicians has reached new levels,” he said. This year, California is considering raising business taxes and enacting legislation that will increase labor and litigation costs.