Saturday, March 09, 2013

California Jobs to N. Carolina, Not Texas This Time

Metropolitan Life Insurance is moving all or most its company out of California and five eastern states. All of those states being high regulatory states with a high cost of living. North Carolina will be the recipient of around 2600 new jobs.

The reason: "The strong business climate, access to universities and colleges and the desirable cost of living in North Carolina were significant factors in choosing to establish these new campuses in Cary and Charlotte," MetLife executive vice president Eric Steigerwalt said".

I've found it interesting that companies leaving the state never overtly criticize California. Campbell's Soup and others said the same sort of thing. I'm guessing they don't want to burn bridges?


At 11:55 AM, Blogger Travis said...

I bet after the new gun laws go into effect there will be a lot more leaving

At 2:42 PM, Anonymous Anonymous said...

'Strong business climate' is rhetoric for 'economically raping local taxpayers.'

At 3:02 PM, Blogger Fred Mangels said...

'Strong business climate' is rhetoric for 'economically raping local taxpayers.'.

The California's definition of being supportive to business. Thanks for the example.

At 6:54 AM, Anonymous Victor said...

This is cool!


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