California businesses consider moving as taxes, regulations, and crime deter owners
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Over 86% of California business owners say crime has increased in their area, and 67% are considering moving operations out of state due to high taxes, anti-business policies, and crime.
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Business owners cite headaches from regulations, taxes, and rampant crime as reasons they may leave California. Many emotionally struggle with the idea of leaving their home state.
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Top destination states for exiting California businesses are Texas, Florida, and Nevada due to lower taxes, cheaper cost of living, and more business-friendly environments.
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Multiple business owners shared personal stories of increased crime rates in their neighborhoods and how it has impacted desire to leave houses or businesses.
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The California business exodus is expected to dramatically impact the state's economy and budget as activity that hasn't happened yet comes to fruition.