Login

Register | Forgot Your Password? | Close
Register | Forgot Your Password? | Close

PHOENIX -- A plan to lure California-based companies to the Valley is not being met in a friendly fashion by some.

California voters approved a $6 billion sales and income tax increase on high earners in November. Days later, the Greater Phoenix Economic Council made it clear they would help California companies leave the state.

Barry Broome with GPEC offered the top 100 CEOs in the Golden State a plane ride to Phoenix to see what the desert had to offer. Fifty-seven CEOss have replied and at least 11 are taking a serious look at Arizona.

"We're not convincing people to move out of California," he said. "Gov. Brown is convincing them to move out of California. We just want to make sure our region gets a shot."

GPEC's offer has certainly drawn strong reaction from California Governor Jerry Brown's office. The Los Angeles Times reported that Brown's spokesman, Gil Duran, said "Anybody that tries to convince you to leave the best and richest state for some parched desert outpost should be regarded with extreme suspicion."

Broome said that, soon after Duran made that statement, California was rated the poorest state.

"Be careful with broad, sweeping statements. They may not be true," he warned.

Broome said his strategy is risky and has drawn a lot of visceral attention to the market.

"It's unfortunate that California is going in the wrong direction. California's economy is important to the United States and Arizona. We think their business direction will destabilize the state."

Broome said this situation is the most attention they've received from CEOs since the Super Bowl in Glendale in 2008.

Jim Cross, Reporter

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: