Another 450 Jobs Leave California—Thank You Newsom/Sacramento Democrats

Oracle, Hewlett Packard and Elon Musk are gigantic firms and investors—tens of thousands of jobs have been lost in the past three weeks to Texas.  Now another Silicon Valley firm, with 450 highly paid workers is moving.  They are going to Tennessee.  Little by little our investor and tax base is being decreased.  Add to that the net migration of 135,000 people last year, and the future of California does not look good.

“The company will bring more than 450 employees to Nashville and invest more than $10 million in operations, creating nearly 150 jobs in the next five years.

“Nashville is one of the top business growth areas in the U.S., offering an educated, diverse and growing population, along with a favorable tax and policy environment for companies like ours, making it an ideal, centralized location for Revance’s future growth,” Revance CEO Mark Foley said.

The state provided Revance an incentive grant, but it declined to share details of the grant with The Center Square.

Instead of incentive grants, California provides high taxes, bad roads and schools and policies meant to keep investments out of the State. Thought you should know the extent of the companies fleeing California, with their employees.

Revance Therapeutics to relocate to Nashville from Silicon Valley

By Vivian Jones | The Center Square, 12/16/20   

(The Center Square) – Silicon Valley biotech company Revance Therapeutics will relocate its global headquarters from California to Nashville, the Tennessee Department of Economic and Community Development (TNECD) announced Wednesday.

The company will bring more than 450 employees to Nashville and invest more than $10 million in operations, creating nearly 150 jobs in the next five years.

“Nashville is one of the top business growth areas in the U.S., offering an educated, diverse and growing population, along with a favorable tax and policy environment for companies like ours, making it an ideal, centralized location for Revance’s future growth,” Revance CEO Mark Foley said.

The state provided Revance an incentive grant, but it declined to share details of the grant with The Center Square.

Revance is a biotechnology company offering aesthetic, therapeutics and financial technology. The new Nashville headquarters will include a training and education center for health care providers and consumers to learn about the company’s products and services.

“We are pleased to welcome another West Coast, California-based company to Tennessee,” TNECD Commissioner Bob Rolfe said. “Revance Therapeutics is on the cutting edge of biotechnology and will be an asset to Nashville’s business landscape.”

TNECD has provided more than $20 million in economic incentive grants to companies in 2020, with an additional $55 million in grants still pending. The state has spent, on average, 25% more per job this year than in 2019 in incentivized job investments.

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. William Hicks says

    Given enough time and California will be the new Detroit.

  2. Leaving California as well and taking my company with it, 75 employees and we are going to Nevada,,,CALIFORNIA AND THEIR PATHETIC DICTATORSHIP CAN EAT SHIT…NEWSOM, PELOSI AND ALL THE REST OF YOU SCUMBAGS CAN ROT AND DIE…..FUCK SOCIALIST NAZI CALIFORNIA…

    • Aaahh ha -yes remember 40+ yrs ago CA welcomed the new companies and the people who came here to work for them as well.
      Now the witch of economics — the great TAXERS HAVE taxed CA to the last dollar and there is NO JOY in CA because all the TAXATION TAKES AWAY JOY and leaves tears and woe for those would like to work but can’t because of gruesome-newsome and his corrupt and non-accountable henchmen. Isn’t Hunter Biden enriching himself in this state? His little child is here isn’t it? It all amounts to the ILK OF THE LEFT IS LEFT HERE AND THOSE WHO WANT TO SURVIVE ARE leaving.- socialisl-nazi-CA with all the invaders from terrorism places as well.

  3. The Communist economic set is because there is money tied into land, buildings, technology that they can continue to tack based upon total assets at the expense of liquidity that allows for invitation and profits to pay employees.

    As a result they always bankrupt economies and nations leading to the inevitable crash of society.

    The question is will those forced out of this Communist State start the same decline and thought process that has led to this?

  4. Richard Wahl says

    One poll conducted in Texas found that 59% of voters who had moved there from Marxifornia voted conservative. Who would have thought? Hope that is pretty universal.

    The stupid “Sanctuary State” garbage will ensure, that the state goes the same road as Detroit. As business flees, there will fewer jobs available for unskilled and skilled labor. Obviously, the skilled high tech employees will not all move leaving them here without jobs. Hopefully, there will be a big collapse; dirt cheap real estate and a sensible government built on the ashes. NOT holding my breath that this would ever happen. Voters here are literally too stupid. Plus the massive voting fraud, which we knew about two decades ago.

    Business owners – just remember to take your business with you. Do not sell in Kommiefornia. The fools say they can tax your sale for 10 years even though you live in another state.

    • Not so sure about the voters being too stupid. There may be hope yet. In the Nov 3rd election, the GOP recommended “NO” on 9 on 12 propositions, YES on two (Props 20 and 22) and no opinion on Prop 19. the Dems recommended Yes on 10 of 12 propositions and NO on two. The Voters agreed with the GOP on 7 of the 12 and the Dems of only 4 of 12. The state may be more conservative than the news media and “popular wisdom” would have you believe.

  5. Companies like Oracle, Hewlett Packard, Elon Musk and others. They shouldn’t be allow to hire outside of there states (Tennessee, Nashville). Only hire people in there state and STOP THE RETARD Anti-America, Anti-GOD Liberals Democrats.

  6. STOP THE RETARD Anti-America, Anti-GOD Liberals Democrats From Spread That Ugly Cancer.

  7. Is California considering an exit tax? That’s because the California Assembly is now considering a wealth tax that would include a 10-year exit tax. That’s right—if you decide California’s escalating taxes are just too much for you, California would try to continue to tax you for 10 years after you left the state. That what all the !@#$ing retard liberals get. You Get What You Ask For.

    • Jr007, that’s what is the big impetus right now as I don’t think anyone who is paying attention to the Sacramento thieves are up to are going to drag their feet waiting to see what is going to happen. In addition a great fear of the citizens in the States on the receiving end of these Kalifornia companies is the voting habits they bring with them.

  8. Now here’s the bad news, The people who stay are not going to be able to pick up the slack from those who have left because they have already been taxed out of their shorts. Why did anyone think Gavin Newsom would make a good governor? I think he was elected to prevent the Legislature from looking so bad. Between the two of them, it was a marriage made in California.

  9. Welcome to Tennessee but always remember why you left California. Leave the “stupid” behind and see yourselves as “guests”.

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