Conversations with Dr. Jorge De La Roca, Joel Kotkin, and Marshal Toplansky about the future of business in California.
Capital investments are moving out of California. Young people may come and build new businesses from scratch, but as they mature, California does not meet their needs so they move out. Maturing people houses and car and good schools to raise children. There are some thoughts about building new cities in less crowded areas of the state and possibly some factories to keep people in the state.
In summary: Regulatory and administrative programs are the main reason many businesses prefer to expand in other states. They do not appreciate the anti-business climate in Sacramento or the constant changes in labor relations legislation either.
There is some interest in preserving existing housing and converting some under utilized commercial spaces to housing and opening up opportunities to move to the less developed non-coastal regions.
Address reality instead of denying it.