Proposition 30 has pushed California businesses out of the state with a large percentage moving to Arizona.
According to KCRA.com, California’s new Proposition 30 triggered billions of dollars in new taxes, causing many CEOs to come to Arizona looking to relocate their businesses.
When Proposition 30 was passed, Greater Phoenix Economic Council President Barry Broome flew California CEOs to Arizona with the intention of expanding job opportunities in Arizona.
“We do not have the regulatory and tax and expense and anti-business attitude that exists in California,” said Barry Broome, president of the Greater Phoenix Economic Council.
The migration of businesses could bring jobs in life-science companies, aerospace defense contracting and engine technology companies, along with software and digital companies.
- The best places to celebrate Fall in Phoenix
- Infamous athletes who did the most time for their crimes
- 2016 baseball highlights, bloopers and blunders
- See how CFOs really feel about business in the Valley
- The best television shows on the internet
- A preseason guide to avoid holiday weight gain
- The 5 worst things you could do for your roof
- 6 coolest things brewing in Arizona
- The virus that keeps head and neck cancers on the rise
- State Fair ‘Kid Reporter’ has all the angles covered
- 4 important things to know about timeshare maintenance fees
- Signs of delayed car crash injuries
- The truth about sports concussions
- The Alzheimer's epidemic: Facts you need to know
- The season is here, keep your Fantasy Football team strong all season
- 8 TV shows you can't miss this fall
- Football is here: 6 tips to make this your best season ever
- Gameday recipes and beers to match
- 6 reasons the Cardinals are driven to win the Super Bowl
- The Pac-12 football season nears kickoff
- Tips to get ready for a pain-free golf season
- Protect your family with these 7 home security features
- How to train like an Olympic swimmer
- 2016 Olympics: A guide to must-see TV events
- The bride's guide to feeling your best on your wedding day
- Deciding when you need knee surgery
- Celebrating Fourth of July is much cooler in these AZ towns
- Top ten road trip bathrooms in America
- Six things causing a pain in your neck
- 5 things to make your summer move easier