California’s economy may be booming, but if it doesn’t solve its affordable housing crisis soon, some employers could leave the state altogether.
According to a recent article in the Wall Street Journal, businesses in industries such as as finance, manufacturing, biotech, and food and beverage are leaving California for states like Texas due to lower taxes and lighter regulation.
Companies are struggling to recruit or promote employees to stay in California due to increasing home prices and rents which are higher on average than anywhere else in the country.
Can California solve the affordable housing crisis? What can California do to keep companies in the state? Give us a call at 866-893-5722.