"The march of both residents and companies out of California continued in 2025, including the highprofile exit of InNOut Burger to Tennessee. InNOut's president, Lynsi Snyder, cited the difficulty of raising a family and operating a business in California, WeHo Online reported. Her decision echoes earlier relocations by other California companies, including Tesla's move to Austin, Texas, and LandSea Homes, also to Texas."
"Motivations cited by departing companies and residents are consistent. They include high taxes, extensive regulation, elevated business costs, homelessness, public safety concerns, school system challenges, and political or social tensions. California's business climate rankings reinforce these concerns. The Tax Foundation places the state 49th in its Business Tax Climate Index, far behind states like Tennessee, Texas and Florida destinations now attracting California companies."
California experienced a wave of corporate and resident departures in 2025, highlighted by InNOut Burger's move to Tennessee and relocations by Tesla, SpaceX, X, Oracle, Chevron, John Paul Mitchell Systems, Realtor.com and LandSea Homes. Common motivations include high taxes, extensive regulation, elevated business costs, homelessness, public safety concerns, school system challenges, and political or social tensions. The Tax Foundation ranks California 49th in Business Tax Climate. Net emigration exceeded 200,000 people between 2024 and 2025. The state faces a projected $50–$70 billion deficit for 2025–2026, reversing a prior $97 billion surplus in 2021–2022.
Read at therealdeal.com
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