STARTUP CEO: Here’s Why I’m Moving My Company From A State With Low Taxes And Regulations To California

romotiveFor about a decade now, people have been slamming California as being one of the least business-friendly states in the Union.

The refrain goes something like this: taxes are too high, Sacramento too dysfunctional, pollution too suffocating.

And there is definitely something to this.

The talk recently heated up when Texas Gov. Rick Perry aired a series of ads across California touting his state’s lower taxes and more favorable regulations.

But one tech CEO says that, for his industry, there remains no alternative to the Golden State.

Last month, Las Vegas-based robotics company Romotive announced it was picking up stakes to move somewhere in Silicon Valley (they haven’t narrowed down exactly where yet).

Keller Rinaudo, the company’s founder, spoke to us via Skype late last week to explain the decision to move from a low tax state to a back to California.

He said he actually agreed with the criticisms that folks like Perry have made, to a point.

“It was not a short-term economic decision,” he said. “California is one of the most friendly and unfriendly business environments in the world.”

The company anticipates more taxes and higher cost of living, he said.

But to achieve their goal of building the world’s first affordable personal robot, they had to be on the West Coast.

To finish reading this post, head on over to Business Insider.
To finish reading this post, head on over to Business Insider.

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    • Lastango

      I’m not surprised to see some pro-California cooing a day after Stockton became the largest US municipality to date to declare bankruptcy. There’s plenty more where that came from, and a fair bit of it will be in the Workers’ Paradise of California.