Other California-born corporations, such as Wells Fargo, Hewlett-Packard (Silicon Valley’s pioneering company) and Oracle, have also left the state that once attracted businesses and innovators like no other. Once these and other companies are reestablished in other states, their costs can fall from 20% to 35%.
California already has lost a number of its legacy companies to more business-friendly states, but when the owner of an iconic burger chain leaves for Tennessee, where she will take a chunk of employees and set up a second company headquarters, the sting has to hurt a little more.
Lynsi Snyder, the heiress of Harry and Esther Snyder’s In-N-Out Burger, says “doing business is not easy” in California, and neither is “raising a family.” To escape the constant business conflicts with authorities and the cultural upheaval that make many, including Elon Musk, uncomfortable, she is moving to Franklin, Tennessee, just outside Nashville. The company is building a 100,000-square-foot office, a little more than half as large as the current 175,475-square-foot space in Irvine.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Goodbye Golden State: In-N-Out Burger says enough to California’s crushing business climate
Kerry Jackson
Other California-born corporations, such as Wells Fargo, Hewlett-Packard (Silicon Valley’s pioneering company) and Oracle, have also left the state that once attracted businesses and innovators like no other. Once these and other companies are reestablished in other states, their costs can fall from 20% to 35%.
California already has lost a number of its legacy companies to more business-friendly states, but when the owner of an iconic burger chain leaves for Tennessee, where she will take a chunk of employees and set up a second company headquarters, the sting has to hurt a little more.
Lynsi Snyder, the heiress of Harry and Esther Snyder’s In-N-Out Burger, says “doing business is not easy” in California, and neither is “raising a family.” To escape the constant business conflicts with authorities and the cultural upheaval that make many, including Elon Musk, uncomfortable, she is moving to Franklin, Tennessee, just outside Nashville. The company is building a 100,000-square-foot office, a little more than half as large as the current 175,475-square-foot space in Irvine.
Read the Washington Times op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.