Companies Continue to Leave California

This is an interesting article summarizing the woes which force businesses to relocate from California. And given that the state thinks the solution to the problems is to create another government agency, I doubt that the trend will be reversing anytime in the near future.

Newsom's plan will focus on California's premier industries, including biotechnology, agriculture and digital media. It will highlight the state's strengths in innovation and research and cultivate more manufacturing and exports. It also will examine how to address executives' concerns about regulation, taxes and layers of bureaucracy.

Later this year, California will set up a new agency that will serve as a focal point for economic development and job creation, he said. Among its goals will be to reverse the perception that California is business-unfriendly.