Big companies are exiting California, with high-profile figures like Elon Musk leading the charge due to new legislation. A report from the Public Policy Institute of California indicated that only 3% of firms in the state relocated, suggesting that while large companies are more prone to leaving, the overall company departure rate is low. Meanwhile, nearly 700,000 residents left California between 2022 and 2023, seeking better lifestyles and affordability. Company relocations have seen an upward trend despite the small overall numbers.
Elon Musk stated on X in 2024, 'This is the final straw,' reflecting his dissatisfaction with California's legislation on gender identity communication from schools.
A 2025 report from the Public Policy Institute of California revealed only 3% of firms in the state moved to another state, indicating that while relocations are occurring, they constitute a small fraction of the total.
The data from the US Census revealed that nearly 700,000 individuals left California between 2022 and 2023, with lifestyle and affordability being the primary reasons for relocation.
Relocations of larger companies from California are increasingly common, even though the overall numbers of companies leaving the state remain relatively low.
#business-relocation #california-exodus #corporate-decisions #population-decline #legislative-impact
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