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Think California is bad for business? Think again.
Think California is bad for business? Think again.

Some critics say the recent decisions by Toyota and Occidental Petroleum to move their U.S. headquarters from Southern California to Texas are just the latest signs of how toxic the state's business climate has become. Yet the state continues to attract more manufacturers and create more jobs than almost any other. The numbers don't lie: California still exerts a powerful magnetic force on some types of employers. All the same, the state's economy has changed dramatically since the days when Toyota and Occidental first set up shop. And lawmakers have to stop acting as if businesses have nowhere else to go. The changes in California have been driven in part by forces that...

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