Hippie Company Leaves California for Texas

Well, I don't know if it is a hippie company or not but Jamba Juice does really sound like one: a company that sells healthy juice. That's cool. And it is not surprising it has been operating out of California for more than 25 years.

But Jamba Juice will be moving its headquarters to Texas. Why?

In a statement, Chief Executive David Pace said Jamba was looking for places that had “competitive operating costs,” access to “skilled restaurant talent” and an “attractive cost of living,” along with a central location for further expansion.

After that explanation the Los Angeles Times tries to reexplain the move.

Thanks in part to the success of the technology industry, labor and real estate in the Bay Area come at a high price.

Staying in the Bay Area can be lucrative and valuable for companies in the innovation sector since employees in the area tend to be more creative and productive, said Enrico Moretti, an economics professor at UC Berkeley.

See. It's the tech industry driving them out. Not high taxes and regulations. It's the tech industry, which forced Space X to leave California too?

• Los Angeles Times