Disney Moves Thousands Of Jobs Out Of 'Commiefornia' To More Business Friendly..

[G.L.R.]

Disney moves thousands of jobs out of California to more 'business-friendly' state

Lower taxes key reason

July 17, 2021



International mass media and entertainment giant The Walt Disney Company will be shifting some of its operations from California to Florida, a state with lower taxes.

As part of the move, 2,000 jobs will be going away from Disney's Burbank, California, corporate headquarters to its new campus in Lake Nonna, a roughly 10,800-acre mixed-use planned community southeast of Orlando International Airport. A majority of these jobs leaving the Golden State are professional roles in Disney's Parks, Experiences and Products division, D'Amaro told employees in the letter Fox Business accessed. The relocating jobs constitute only five percent of Disney's jobs in the state, and the company will not be moving its headquarters as part of the transfer... "This new project will create a dynamic environment to support our expanding business — a brand-new regional campus which will be built in the vibrant Lake Nona community of Orlando," D'Amaro said, according to The Journal. D'Amaro also mentioned that part of the reason the company is making the move towards the East Coast is Florida's "business-friendly climate,"...

Disney is the latest addition to a growing list of businesses leaving California over dissatisfaction with how the state treats companies operating there. According to Fox Business, companies planning to embark on the move eastward include Hewlett Packard Enterprise and Oracle. Entrepreneurs who already left the state include Tesla CEO Elon Musk, who said in 2020 that he had moved to Texas. Musk alleged that "entitled" California had been taking innovators "for granted a little bit,"... Texas, Arizona, and Florida are three of the top states where people and organizations leaving California, citing regulations and high taxes, are headed... While Disney's move might not be favorable news for Democrat-governed California, it represents more jobs and more opportunity for economic growth for Florida, where Disney is already the largest employer in Central Florida, employing around roughly 60,000 people there.

Disney moves thousands of jobs out of California to more 'business-friendly' state
https://www.wnd.com/2021/07/california-hit-bad-news-disney-moves-thousands-jobs-business-friendly-state