morekaos
Well-known member
Bye bye 115 year old California business…enjoy the jobs and tax base in Texas…
World’s Largest Mozzarella Maker Shutting California Plant
The world's largest producer of mozzarella is closing one of its dairy plants in California due to the state's sky high operating costs.
One major factor likely driving the move is that California has a high corporate tax rate, while Texas's equivalent franchise tax is much less burdensome.
Additionally, California imposes higher payroll tax obligations on companies for things like unemployment insurance and disability insurance.
https://www.newsweek.com/leprino-foods-shutting-lemoore-california-plant-texas-layoffs-11254118
World’s Largest Mozzarella Maker Shutting California Plant
The world's largest producer of mozzarella is closing one of its dairy plants in California due to the state's sky high operating costs.
One major factor likely driving the move is that California has a high corporate tax rate, while Texas's equivalent franchise tax is much less burdensome.
Additionally, California imposes higher payroll tax obligations on companies for things like unemployment insurance and disability insurance.
https://www.newsweek.com/leprino-foods-shutting-lemoore-california-plant-texas-layoffs-11254118