Investor’s Business Daily | February 19, 2009
The world’s leading maker of microprocessors plans to create 7,000 jobs in new and expanded plants that will churn out computer chips 30% more powerful than the current generation of chips. But California-based Intel won’t make them in California.
Instead, the company is expanding in Oregon, Arizona and New Mexico. Anywhere but California, which is now so unfriendly to business, even its home-grown firms don’t want to expand there.
This is bad news for the Golden State, which has one of the worst business environments in the country. And it won’t be helped a bit by the recent budget deal reached between Gov. Arnold Schwarzenegger and the Democrat-led legislature. [Read more…]