California

The Dallas-Fort Worth metropolitan area (DFW) will be the new headquarters of McKesson, the nation’s largest pharmaceutical distributor, the company announced this week. DFW will now have three of the top 10 companies in the Fortune 500 (ranked by total revenue). No other metropolitan area has more than one of the top 10. Dallas-Fort Worth is also home to Exxon-Mobil, the second largest company and AT&T, ranked ninth.  read more »

•  Annual new home starts were up 14% compared to 3Q16 – and this is the first time since 1Q08 that annual starts were above 6,000.  read more »

Homeownership continues to be the most important part of the American dream for millennials, but California's rising house prices continue to force them out of the state.

This video is part of the larger report "California's Fading Promise: Millennial Prospects in the Golden State", conducted by Joel Kotkin and Chapman University researchers, in partnership with the California Association of Realtors.  read more »

This is the introduction to a new report published by the Chapman University Center for Demographics and Policy titled, “Fading Promise: Millennial Prospects in the Golden State.” Read the full report (pdf) here.

Along with the report, a new video from Chapman University and the California Association of Realtors talks about the housing crisis in California. Watch it here.  read more »

Any business person who has dealt with California's frustrating laws, regulations and bureaucrats was nonetheless surprised to see the story headlined, "Uber Ships Self-Driving Cars to Arizona After California Ban."

Really? A state ban on Uber? The poster child of the billion-dollar-plus startup, tech-guru, market-disruptor club? Why would Sacramento give Uber, of all people, a bad time?  read more »

The following notice was issued by the Community Coalition on High Speed Rail in the San Francisco Bay Area.

A TRANSPORTATION EXPERT CONFIRMS OUR WARNINGS:
THE SO-CALLED "BLENDED" PROJECT WILL
PARALYZE TRAFFIC ON THE PENINSULA  read more »

Morris Brown, founder of Derail (a citizen group opposed to California’s high speed rail project) writes over at Fox and Hounds Daily that newly enacted California Assembly Bill 1889 is unconstitutional.  read more »

Earlier this month (May 9, 2016) the Orange County (California) Grand Jury issued a report entitled: “Light Rail: Is Orange County on the Right Track,” which is on the Grand Jury website here. The report largely concludes that it is not and that there is a need for a light rail system in Orange County.  read more »

“California Commuters Continue to Choose Single Occupant Vehicles,” according to a report by the California Center for Jobs and the Economy. The Center indicated:  read more »

Why would companies located in one of the most beautiful states in the country – California – undertake the costly proposition of relocating to places with less scenic appeal and less-than-ideal weather?

There are three answers and they relate to California’s business environment: Regulations, taxes and anxiety.  read more »