No, Businesses are NOT fleeing California.
Claim
Fact
California has repeatedly, year over year, created substantially more new businesses than both Florida & Texas.
From January 2019 through June 2024, California created 1,112,339 new private sector businesses compared to 609,122 in Florida and 484,734 in Texas, according to seasonally adjusted data from the U.S. Bureau of Labor Statistics.
More Lies ...
No, the $20 minimum wage for fast food workers did not damage the industry
Fast food employment increased for the first four months of the new minimum wage law going into effect.
No, California is NOT unfriendly to business
California is home to the most Fortune 500 companies, and the most Inc 5000 companies, and #1 for new business starts, #1 for access to venture capital funding.
No, California does NOT have the highest taxes of any state
California is one of the most equitable tax systems in the entire country