Make sure to be on the lookout in the coming days for our follow-up on this topic from Texas reporter Amy Sorter.
SACRAMENTO-This morning, GlobeSt.com reported that Texas Gov. Rick Perry recently released a radio ad in California criticizing the Golden State's business climate and encouraging businesses to relocate to Texas, but we pointed out that Kish Rajan, director of the CA Governor's Office of Business and Economic Development, says not to worry, noting that business relocations only account for 0.03% of annual job losses in the State.
And while not all of the local sources we spoke with were keen on the State, with many having some suggestions for improvement, Vic Montalbo, president and partner of Epsteen & Associates, who tells GlobeSt.com that California continues to remain a top destination for business with its port, agriculture, entertainment, education, bio-tech, energy and medical industries leading the growth. “Despite state migration, the state's population continues to increase, with an anticipated continued growth to 50 million by the year 2050.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.