California businesses are voting with their feet - at the rate of 5 times last year

*California businesses are* voting with their feet
<http://thebusinessrelocationcoach.blogspot.com/2011/06/calif-business-departures-increasing.html> (HT Carpe
Diem
<http://mjperry.blogspot.com/2011/06/companies-leaving-california-in-record.html> via
dscott; bold is mine):

From Jan. 1 of this year through this morning, June 16, we (in
California) have had 129 disinvestment events occur, an average of
5.4 per week.

* For all of last year, we saw an average of 3.9 events per week.
* Comparing this year thus far with 2009, when the total was 51
events, essentially averaging 1 per week, our rate today is
more than 5 times what it was then.
* The same tracking system has been in place throughout the
three-year period.

Our losses are occurring at an accelerated rate. Also, no one knows
the real level of activity because smaller companies are not
required to file layoff notices with the state. *A conservative
estimate is that only 1 out of 5 company departures becomes public
knowledge, which means California may suffer more than 1,000
disinvestment events this year.* The capital directed to
out-of-state or out-of-country, while difficult to calculate, is
nonetheless in the billions of dollars. The top five destinations
are (1) Texas, (2) Arizona, (3) Colorado, (4) Nevada and Utah tied;
and (5) Virginia and North Carolina tied.

Memo to Ohio Governor John Kasich and Buckeye State development
officials: Work of getting Ohio into the the top five.

From Bizzy Blog

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