Newsom touts California economy after SpaceX, Chevron announce moves to Texas

[rangerrebew]

 Newsom touts California economy after SpaceX, Chevron announce moves to Texas
Story by Queenie Wong • 22h


California Gov. Gavin Newsom pushed back on bashing of the Golden State, trumpeting the state's economy after some high-profile companies including SpaceX and Chevron announced plans to move their headquarters to Texas.

The governor's office this week touted the large number of California companies that Inc. magazine included in its recent ranking of fastest-growing private U.S. businesses. The publication scored companies based on their revenue growth rates from 2020 through 2023.

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“California has the most dynamic, entrepreneurial economy in the country. Businesses that start and grow here change the world," Newsom said in a statement.

The remarks come as Newsom has been fending off growing criticism about the homelessness crisis plaguing the state and rebukes a portrayal by conservative critics of an out-of-control liberal bastion. Some of the scrutiny has come from billionaire Elon Musk, who is supporting former President Trump's run against Vice President Kamala Harris. Musk announced in July he's moving the headquarters of his companies SpaceX and X to Texas.

https://www.msn.com/en-us/money/companies/newsom-touts-california-economy-after-spacex-chevron-announce-moves-to-texas/ar-AA1qNtLA?ocid=msedgdhp&pc=HCTS&cvid=782de0c828bb4a32b42f77f0fad1ab6d&ei=89

[rangerrebew]

Have he and Hunter Biden been doing nose candy together?

[Free Vulcan]

If Orwell were alive today he'd quickly realize that he's amateur hour compared to goons like Nuisance.

[Kamaji]

If Orwell were alive today he'd quickly realize that he's amateur hour compared to goons like Nuisance.

[mountaineer]

Mike Netter
@nettermike
Chevron was headquartered in Richmond, California.  It has a large refinery facility and wanted to expand.  They were not allowed to, so they moved the HQ to Texas.

“The resolution emphasizes “community-led” decision-making in how the funds will be used and lays out a plan to spend the money to develop Richmond’s local economy and workforce.

In its settlement last month, Chevron agreed to pay $550 million if Richmond dropped a November ballot measure that would have imposed a new oil-refining tax on the company. The measure appeared to be overwhelmingly popular among the public.”

Of course, this will not make up for the tax revenues the city will lose.  Nor the jobs lost and businesses closed.  This $550 million will be flushed down the toilet—and then the city will demand more.  Why is California a bad place to do business?  The State and the cities extort businesses.
11:40 AM · Sep 27, 2024

[PeteS in CA]

The (now) Chevron refinery first became operational in 1902. I can understand people not liking the smells and occasional noises, but how many of the NIMBYs who were targeting Chevron (or their parents ... or their grandparents ... or ...) did not know the refinery was there when they moved to Richmond? Back around the turn of the 20th century several industries - e.g. oil, e.g. explosives - moved their more hazardous operations to what is now Richmond because people did not live close enough to be endangered by explosions, and the companies bought land around their facilities to be a safety buffer.