Toyota moving out of CA to TX

[The-Shoveler]

There are several Biotech firms in Valencia now along with a Film studio (they do a lot of filming in Valencia also now).
Then you got amgen out in the Thousand-Oaks,west-lake area.
It’s all about the Burbs!

[no_such_reality]

[quote=EconProf]Toyota has weighed the pros and cons of CA vs. Texas, and decided to leave. They undoubtedly based their decision on the vastly different costs of living in the two states, the taxes, utility costs, regulations, and “business friendly” comparison, and work ethic of the two different populations. Most of all, they have to be future-oriented, so they looked at the political trends of the two states and decided CA was getting worse in all of the above categories relative to Texas. We voters picked our government, now we are living with the results.[/quote]

Me thinks you give the Execs too much credit for due diligance. While agree with the above, way too times have I seen top execs make major decisions like moving, closing a plant etc, based a personal issue and then set the team about justifying it.

Toyota’s factories are there. For execs with ‘residence’ there, they’ll be out of Cali’s 10.3% tax rate, etc. Where else would they have gone?

IMO, the political grease and incentives to build stadiums, move plants etc, is a leading source of corruption in our government.

[joec]

[quote=svelte]Funny how we seem to dwell on the companies who choose to leave but not those who choose to stay:

http://fox5sandiego.com/2014/04/10/petco-to-move-headquarters-rancho-bernardo/#axzz30HYnz2X2

“U-T San Diego quoted the state Office of Business and Economic Development as saying that Petco turned down offers to move to other states.”

If San Diego / California was really doing that poorly, housing prices wouldn’t be jumping.

Another gauge I use: I have two college age kids and neither has had a problem finding part-time jobs while in school.[/quote]

It’s easy to assume they wanted to stay, but like the post above, a LOT and probably more reasons with deciding to move has to do with the decision makers and how it impacts their own lives. For Toyota, their central leadership is in Japan so moving from CA to TX doesn’t probably affect “their” lives that much even though it would affect some plant managers.

For Petco, they were FOUNDED in San Diego and I’m guessing, (didn’t check), all the execs at the top actually live here so they probably rather stay than to move and have to commute…

Bottom line is people are selfish and care about their own situation more than what’s good/best for others/company/etc so if you go in with that assumption, a lot of things/decisions/news articles make a lot more sense.

[The-Shoveler]

I am fairly sure Toyota did not consult with their employees in this case.

I would Imagine very few would choose to move to plano tx.

I would also imagine they will need to find many replacements, maybe that was the plan.

[spdrun]

Does this have to do with the closure of the NUMMI plant in Fremont (recently used by Tesla)? Since Toyota no longer has a manufacturing presence in CA, their reason to be in the state goes away.

I wonder if Tesla would be happy to hire any Toyota workers that don’t want to make the move to Texas…

[The-Shoveler]

I could not imagine moving from say a Palos Verdes home to the Dallas area holds much appeal.

[paramount]

[img_assist|nid=18045|title=Toyota Move|desc=|link=node|align=center|width=466|height=334]

[CA renter]

[quote=The-Shoveler]There are several Biotech firms in Valencia now along with a Film studio (they do a lot of filming in Valencia also now).
Then you got amgen out in the Thousand-Oaks,west-lake area.
It’s all about the Burbs![/quote]

Absolutely. Not saying these types of companies don’t exist there, just that there are other industries as well. Down here in SD, it seems that you have to be in biotech or telephony if you want to make a decent living. A bit of an exaggeration, but not by much.

[CA renter]

[quote=no_such_reality]

Me thinks you give the Execs too much credit for due diligance. While agree with the above, way too times have I seen top execs make major decisions like moving, closing a plant etc, based a personal issue and then set the team about justifying it.

Toyota’s factories are there. For execs with ‘residence’ there, they’ll be out of Cali’s 10.3% tax rate, etc. Where else would they have gone?

IMO, the political grease and incentives to build stadiums, move plants etc, is a leading source of corruption in our government.[/quote]

Yes! We were discussing this today with some friends and the issue of bribery and corruption came up. All of the states are competing to see who will give the greatest incentives to companies that already exist. That’s bribery (and, possibly, a form of corruption, IMO). It’s not like Texas is *creating* any jobs, they’re just stealing them from other states, and have teams of lobbyists and politicians who are visiting other states with the sole intention of taking jobs from one state and moving them to the next. This is not productive, and it is not creating anything.

Not sure why any state would want to brag about these “accomplishments.”

[Coronita]

[quote=The-Shoveler]I could not imagine moving from say a Palos Verdes home to the Dallas area holds much appeal.[/quote]

Palos verdes is meh….

[EconProf]

[quote=The-Shoveler]I could not imagine moving from say a Palos Verdes home to the Dallas area holds much appeal.[/quote]
Piggington has often had dialogue concerning where it is best to live or do business. Inevitably, posters who defend CA reveal what is called confirmation bias, or “my side bias” wherein we seek out information that reinforces our existing choices or beliefs. Accordingly, those that bash Texas are really seeking to prove to others, and maybe themselves, that they have made the right choice, and those in competing states are fools or yahoos.
I’d bet that a Piggington-type site in Texas with a topic of where it is best to live or do business would be full of rants against California.
I grew up in Minnesota, where they bragged about the wonderful change of seasons. I left when I realized nine months of winter wasn’t for me. I read that in North Dakota, when an outsider complained about the bitter winters, a native said “It keeps the riff-raff out”. Come to think of it, there aren’t many homeless there compared to San Diego. To each his own.

[spdrun]

All of the states are competing to see who will give the greatest incentives to companies that already exist. That’s bribery (and, possibly, a form of corruption, IMO). It’s not like Texas is *creating* any jobs, they’re just stealing them from other states, and have teams of lobbyists and politicians who are visiting other states with the sole intention of taking jobs from one state and moving them to the next. This is not productive, and it is not creating anything.

I can’t really fault Perry for this — as CEO of the Great Texas Republic, his responsibility is to his shareholders (i.e. constituents). If it brings them more jobs and more money, then he’s just fulfilling the job he was elected to do.

Just like a company that undercuts another company may not be creating anything new, but business is what it is.

[spdrun]

All of the states are competing to see who will give the greatest incentives to companies that already exist. That’s bribery (and, possibly, a form of corruption, IMO). It’s not like Texas is *creating* any jobs, they’re just stealing them from other states, and have teams of lobbyists and politicians who are visiting other states with the sole intention of taking jobs from one state and moving them to the next. This is not productive, and it is not creating anything.

I can’t really fault Perry for this — as CEO of the Great Texas Republic, his responsibility is to his shareholders (i.e. constituents). If it brings them more jobs and more money, then he’s just fulfilling the job he was elected to do.

Just like a company that undercuts another company may not be creating anything new, but business is what it is.

[FlyerInHi]

Let’s put it in perspective.

An old 1 bedroom condo in San Diego is $200k (likely without AC and one of those crappy wall-heaters).

You’re better off in Dallas living in a new 3-bedroom townhouse.

it depends what you can afford.

[spdrun]

Not quite $200k — there are acceptable units that have sold in the $140-160k range recently, in areas where you can drive to the beach in 10-15 min. And what’s wrong with a wall heater + through-wall A/C if you have to use each one a few days out of the year?

[Author]

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