Ethan Allen to close Calif. manufacturing plant:
DANBURY, Conn. -- Ethan Allen says it will close a Chino, Calif., upholstery facility and instead expand its manufacturing operations in Maiden, N.C.I haven't found a comprehensive source for companies moving operations out of California, but here are a few recent ones I recall:
Ethan Allen Interiors Inc. said Wednesday that 65 employees and 137 contracted workers will be affected by the closure of the California plant. The furniture company said its N.C. operation currently has 540 employees and now expects to add 302 additional jobs over the next three years.
These few companies and relatively few jobs that make headlines leaving California are just the tip of the iceberg. Most small businesses that relocate don't get any notice -- until the state notices that personal and corporate income tax receipts have fallen off a cliff. And look at where California-born tech titan Intel is investing for the future:
Intel will spend $7 billion over the next two years to revamp three U.S. manufacturing plants, and the company’s CEO called on other U.S. companies to also invest in the future as a way to combat an economic recession.
Intel will update manufacturing plants in Arizona, New Mexico and Oregon to build new 32-nanometer processor chips, Paul Otellini, the company’s president and CEO announced Tuesday.