Toyota moving to Texas

NEW -> Contingent Buyer Assistance Program
Man, I don't want to move to Vegas...but billion$ are...

http://dailycaller.com/2014/01/17/porn-stars-leave-their-condoms-in-california-and-head-for-vegas/

Derek Hay, the owner of adult talent agency LA Direct Models, is one of the industry leaders who has already opened up shop in Las Vegas. According to his prediction, about 20 percent of the industry will have moved to Vegas by the year?s end.

If Hay?s prognoses prove to be true, it could have a significant impact on the Golden State?s economy. One study conducted in 2006 estimated that the adult film industry in Los Angeles employs around 12,000 people and the industry as a whole generates around $10 to $12 billion in annual revenue.

Whether or not the industry completely dissolves in California depends on the future expansion of the law, says Cachapero, ?If the condom regulations were to become a statewide mandate, then producers would have no choice but to go elsewhere for production? ;)
 
My wonder is if people actually want to live out there.. the producers/actresses/etc. 
 
qwerty said:
thatOSguy said:
The picture isn't as grim in California as you make it out to be.

MoreKaos has said this before, but part of his point is that if you have these big name employers here, why not try to keep them here. you mention Tesla surpassed toyota, and just wait, give it time and tesla will follow toyota out the door.

We never really stood a chance at this but it is not "poached" business from Tesla (a Cali company)  They chose to move this factory elsewhere.

Tesla chooses Nevada for battery factory: Sources

Tesla has finally decided that it will build its battery "gigafactory" in Nevada, sources say.


"That's a go, but they are still negotiating the specifics of the contract," a source within the Nevada's governor's office told CNBC Wednesday afternoon. The source noted that it could be a week before the deal is official.


Nevada is planning a press conference Thursday in Carson City, according to a Dow Jones report.

http://www.cnbc.com/id/101937267?trknav=homestack:topnews:3
 
Looks like Toyota is worried about Californian don't want to move to Texas.
Toyota is offering generous lump sun as an incentive to workers who agree to make the move to Texas.

Toyota, known for a corporate culture that encourages salaried employees to consider their jobs lifelong careers, is offering what many call a generous lump sum as an incentive to workers who agree to make the move and stay in Plano, Texas, for two years.

Those who agree to stay on until their departments move "will be provided with a generous retention package that will recognize and reward the value of their much-needed talents through our years-long transition," Toyota spokesman Steven Curtis wrote in an email.

Toyota said that it has budgeted to retain 50 percent of its work force -- a rough estimate of the number needed to stanch losses in productivity during the transition -- but internally, said one person familiar with the matter, management fears that number will be closer to 30 percent]Toyota, known for a corporate culture that encourages salaried employees to consider their jobs lifelong careers, is offering what many call a generous lump sum as an incentive to workers who agree to make the move and stay in Plano, Texas, for two years.

Those who agree to stay on until their departments move "will be provided with a generous retention package that will recognize and reward the value of their much-needed talents through our years-long transition," Toyota spokesman Steven Curtis wrote in an email.

Toyota said that it has budgeted to retain 50 percent of its work force -- a rough estimate of the number needed to stanch losses in productivity during the transition -- but internally, said one person familiar with the matter, management fears that number will be closer to 30 percent
 
Or Arizona...

Apple announces $2B global command center in Arizona

http://www.cnbc.com/id/102389945

Apple will build a $2 billion global command center in Mesa, Arizona, the company announced Monday.

The new facility is expected to employ 150 full-time Apple employees and will hire 300 to 500 construction and trade jobs, according to a news release from Arizona Gov. Doug Ducey. The tech giant said it would be one of the largest investments it has ever made.

Apple has pledged to completely power the facility with renewable energy, building out solar projects in the process.

"This multibillion-dollar project is one of the largest investments we've ever made, and when completed it will add over 600 engineering and construction jobs to the more than one million jobs Apple has already created in the U.S." Apple said in a statement on the project.
 
morekaos said:
Or Arizona...

Apple announces $2B global command center in Arizona

http://www.cnbc.com/id/102389945
Not sure what the point is here.

Apple isn't moving jobs out of Cali for this, they are creating new jobs in AZ.

And despite what the excerpts say, this facility already existed as part of GT deal, but that went sour, so instead of using it as a sapphire building factory, they are converting it to a solar-powered data center.
 
The point is that this is a major Cali company with its roots right here in Cali.  Why isn't this facility opening in Apples own back yard? I understand the real estate is there from a different collapsed deal but even to Apple this is one of its biggest investments.  Why not create those facilities and jobs right here?  Answer....cheaper and more friendly elsewhere.

"This multibillion-dollar project is one of the largest investments we've ever made, and when completed it will add over 600 engineering and construction jobs to the more than one million jobs Apple has already created in the U.S." Apple said in a statement on the project."
 
Doesn't seem like a very strong argument.

Like you said, they already own the real estate and it's probably less costly to build something that expansive in AZ then CA.

But that doesn't really impact CA as long as they are not moving their Cupertino headquarters there. Like I said, no one in Cali is losing their jobs (like the Toyota move) so this is not really the same type of thing.

If it were an R&D or maybe executive facility, I'm sure they would put it in CA, but a data center... it's actually safer to have it more inland in an area with lots of sun for the solar power... it's more logistics than a "not in Cali" thing you are are trying to frame it in.

As a rule, if you are doing business in Cali, you will have backup infrastructure outside of the state to better protect yourself (same with NY or FL).
 
That's not how Arizona seems to see it as they spike the ball...

Gov. Doug Ducey of Arizona said that Apple?s decision to create the data center in Mesa was ?a huge win for Arizona and a high testament to our business-friendly climate and talented work force.?
 
Uh... that's just posturing.

If I were a consultant for Apple and they asked me where to build a data center that's going to require quite a bit of land and solar energy, I would recommend outside of CA.

Again, logistics. If it was just about cheap land, cheap labor and cheap taxes, they would have chose Texas, but they wanted it closer to Cali... where the brains are.

#muchadoaboutnothing
 
We have tons of fallow land. We could give a piece of property in Central Cali that would fit the bill nicely.  It would be worth the $2 billion dollar investment and future job growth and tax base.  If it were only about land they could easily have gotten some with very nice solar exposure.  Land costs were not the whole story.
 
irvinehomeowner said:
morekaos said:
Land costs were not the whole story.
That's what I keep saying.

Think disaster recovery, earthquake risks, redundancy, etc etc etc.

The whole story is not one of the every-so-often earthquake either.  It is one more of long term strategic planning which has everything to do with taxation, regulation and overall business environment.  That negative culture needs to change here in order for us to not just start these great businesses but keep them here. Apple could have opened that facility in state, Tesla could have opened that mega factory in state.  Apple, Tesla, Intel, Amazon, Google and more all started here but expanded aggressively elsewhere.  That is not a good trend. Again, I am not pointing this out because I hate Cali.  Quite the opposite, we need to fix this in order to keep our state great.
 
#CaliApocalypse

Sorry kaos... even if the taxation, regulation and business environment got worse, businesses will still come here.

It's the first 3 rules of real estate.
 
Now even the Chinese are leaving us for Texas!!!!

Chinese buyers feed new energy into Texas real estate

With investors nervously watching the Shanghai stock market, Chinese are the now biggest foreign buyers of American real estate, and they are setting their sights on the biggest state in the Lower 48.

Texas is seeing a huge influx of Chinese buyers, both investors and owner occupants, thanks to more affordable housing. And recent turbulence in China's stock market is likely to boost demand for U.S. property, not hurt it.


"My schedule is very full. Sometimes I cannot handle more," said Shirley Mei Qing, a real estate agent with Keller Williams in Houston, adding that she's seen a 30 percent increase in Chinese clients in the past year. "The main reason is the house market here?comparably, the price is better than the East and West Coasts."


http://www.cnbc.com/2015/07/28/chinese-buyers-feed-new-energy-into-texas-real-estate.html
 
irvinehomeowner said:
Please... take them all.

:)
Mainland Chinese are attracted to places with established Taiwanese/Hong Kong communities (Monterey Park, Rowland Heights, Arcadia, Irvine, etc.).  There is a large Taiwanese community in Houston so the Mainland migration there is not surprising.  There is also a large Taiwanese community in Atlanta so expect to see Mainlanders arriving in Atlanta shortly.
 
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