Why business is leaving California for Texas

“Part of the appeal of the Lone Star state, in addition to lower taxes, says Puzder, is that ‘you don’t have the very burdensome wage and hour laws that you have in California.’ Even permitting procedures become a factor in growth prospects for certain states.  Puzder gave the example that, ‘in Texas it takes 60-63 days to get permits. In Los Angeles it takes 280 days and in San Francisco we’re not sure how many days it takes because it has been so long since anyone could open a restaurant there.’ These factors are crucial for new businesses because the property sits idle until permitting allows construction to begin, creating losses for every day there’s a delay, according to Puzder.”

http://finance.yahoo.com/news/why-business-is-leaving-california-for-texas-174227275.html

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