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February 21, 2011

Business-hostile California spurs economic growth... in neighboring Arizona and Oregon

Reuters reported February 18 that California-based Intel is planning to invest up to $8 BILLION in new manufacturing facilities in Arizona and Oregon.  I wonder why they didn't think it worthwhile to invest the money a little closer to home base?
Intel Corp plans to build a $5 billion, cutting-edge microchip factory in Arizona by 2013, sharply ramping up its U.S. manufacturing capacity as part of a major global expansion.

The state-of-the-art plant, which will crank out microchips with next-generation 14 nanometer line-widths, is expected to bring thousands of jobs to the cash-strapped western U.S. state, which is offering more incentives to lure businesses.

[...] Intel said in October it plans to spend $6 billion to $8 billion on high-tech manufacturing facilities in Arizona and Oregon, creating as many as 8,000 construction jobs.
I'm sure that California's neighbors will be happy if the state keeps making it hard for businesses to do business there.

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