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Two dozen companies commit to leaving California

Two dozen California companies have said they are tired of the business-bashing in Sacramento, along with the high taxes -- and they are now threatening to leave the state.



SACRAMENTO, Calif. (KCRA) — Two dozen California companies have said they are tired of the business-bashing in Sacramento, along with the high taxes -- and they are now threatening to leave the state.

The day after Proposition 30 passed, triggering $6 billion in new annual taxes, Arizona launched a campaign to lure some of California’s top companies.

 KCRA 3 has learned that 24 chief executives are flying to Phoenix, Ariz., to explore the land of lower taxes and a much friendlier business environment. 

“We can deliver the mayors, we can deliver the CEOs, we can deliver the legislative support,” said Barry Broome, president of the Greater Phoenix Economic Council.
Broome launched his campaign to recruit California CEOs one day after voters in the Golden State approved Prop 30 last November, and the campaign is working.
Broome said 24 CEOs already have committed to leaving California.
“You start sending the wrong message to those folks and they start voting with their feet,” Broome said.
Dave Albertson is one of the people who found greater opportunities in the Grand Canyon State.
Albertson recently moved his marketing and technology company, Wholesalefund, from California to Arizona, where he now does business in a Scottsdale office park.
“Certainly when we were weighing the pros and cons, the operating costs and certainly some of the benefits of Arizona, (it) looked favorable,” Albertson told KCRA 3.
The Greater Phoenix region grew by 50,000 jobs last year.

Meanwhile, many California companies are thinning their ranks.

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