Information here is updated to include the findings in the Oct. 12 entry: California Companies Moving Away or Shifting Work Out Reaches New High: 158 (for 2010 alone).
The entries name the companies that moved or deflected investment away from California and identifies the new locations (when known). This section shows by total the out-of-state locations that are benefiting from such events.
The entries name the companies that moved or deflected investment away from California and identifies the new locations (when known). This section shows by total the out-of-state locations that are benefiting from such events.
For the period Jan. 1, 2009 through Oct. 12, 2010, the top five states gaining from California Disinvestment Events are Texas, Arizona, Colorado, Nevada and Virginia (tied for fourth place) and Utah. Also finding their way onto the list are a few surprises – such as Uruguay, Chile and Brazil.
Ranking | No. of Events Updated 10/12/10 | State or Nation (multiple entry reflects a tie) |
1 | 18 | Texas |
2 | 16 | Arizona |
3 | 14 | Colorado |
4 | 11 | Nevada, Virginia |
5 | 10 | Utah |
6 | 9 | Oregon |
7 | 8 | North Carolina |
8 | 6 | Mexico, Georgia, Pennsylvania, Washington State, Michigan |
9 | 5 | Florida |
10 | 4 | China, Singapore, South Dakota, Tennessee |
11 | 3 | India, Arkansas, Indiana, Kansas, Wisconsin, West Virginia, Mississippi, Iowa |
12 | 2 | Malaysia, Philippines, Canada, Missouri, Nebraska, Louisiana, Ohio, New York, Maryland, Illinois |
13 | 1 | Out of Country: Brazil, Chile, Panama, Taiwan, Uruguay and “as-yet-undetermined overseas country” Other States: Wyoming, Alabama, Oklahoma, New Mexico, New Jersey, Minnesota, Kentucky, Idaho, Connecticut |
A grand total would be misleading because of these complexities:
- Inflation: A company may close one facility and move the work to three different places, thus exaggerating the totals.
- Deflation: Some events can’t be assigned a location; for example, 30 are being dispersed to general areas (e.g., “Mississippi Valley” or “Asia”) or are moving to domestic or international sites that were undisclosed.
- These are known events discovered in public records. The real number of out-of-state site selections is incalculable because so many of them are completed without fanfare.
© Copyright by Joseph Vranich, 2010. Use is permitted provided attribution is given to "Joseph Vranich, The Business Relocation Coach."
