|From San Francisco to Arizona|
The on-line customer review firm "Yelp" was founded in San Francisco, but magically when it came time to expand they went to lower cost and lower tax Scottsdale, Arizona.
Thank a Socialist Democrat!
A business group in Arizona is flying CEOs to the state to take jobs away from California
ABC News reports that Phoenix, Arizona is jumping into the fray, trying to bring California businesses to their city.
On election night, Governor Jerry Brown celebrated the passage of Proposition 30. 54 percent of voters decided to raise income taxes on the state's top earners and agreed also to a hike in sales taxes.
"We think the recent tax package that was passed that really targets what we call high performers or producers from an economic perspective will really start to dislodge the serial CEO and Management talent from the Silicon Valley," said Barry Broome, chairman and CEO of the Greater Phoenix Economic Council (GPEC).
In a bid to turn that into an opportunity, the GPEC launched a new program this week aimed at luring California companies away.
"We think this is gonna happen," Broome said. "We know Virginia, North Carolina, Texas, South Carolina are gonna be in the market talking to California businesses so we want to make sure we get present an opportunity for Greater Phoenix."
Under the California 50 Program, the Phoenix group hopes to fly in 50 CEO's. They're interested in luring leaders of companies with 200 employees or more to introduce them to Arizona's lower tax structure.
Some California companies like Yelp have recently expanded into places like Scottsdale, a suburb of Phoenix.
|Yelp employees at the foosball table in their new Scottsdale office.|
The new Scottsdale office of an Internet business review company is hiring up to 170 more people this year.
Yelp’s sales development positions start at $30,000 and gradually increase to $57,000, with training opportunities, while account managers start at $40,000.
About 80 employees moved into their office at the Scottsdale Galleria. With a foosball and ping pong table, Wii system, free breakfast and lunch, and outings to baseball games and tubing trips on the Salt River, Yelp appeals to younger workers.