Businesses are leaving California at a higher rate than in recent years, according to a new report studying business headquarter migration.
The number of companies that either announced or filed that they were leaving the Golden State for another state has risen sharply in the first six months of 2021 compared to previous years, the Hoover Institution at Stanford University said this week.
The report said 74 known California businesses had relocated their headquarters to another state in the first six months of 2021 — double the rate for each of the three previous years.
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