So Intel says California is not willing to bribe the company enough to expand here. I don't know what Oregon gave the company, but I recall that Ariz's subsidy was huge. Intel made outrageous demands on Cal.
INTEL TO CALIFORNIA: WE'RE OUTTA HERE Intel chief executive Craig Barnett says his company -- one of the biggest success stories of California's Silicon Valley -- has ruled out any plans to expand in that state, because of what he characterized as 20 years of political mismanagement of the California economy. "California has to treat business as something it has to attract and nurture." Over the past decade, Oregon has displaced California as the state with the largest number of Intel employees, and Arizona now has more Intel employees than Silicon Valley, where the company's headquarters remain. Barrett notes that, while much of the world seeks to lure high-tech businesses, California is focused on providing support to such "19th century" industries as agriculture, steel and shrimp farming. He also pointed out that India, China and Russia alone now have somewhere between 250 million and 500 million highly educated knowledge workers between them, a number that surpasses not just the population of California but that of the entire U.S. (Reuters/21 Oct 2003) http://www.usatoday.com/tech/techinvestor/techcorporatenews/2003-10-21-intel -rips-cali_x.htm -- Michael Perelman Economics Department California State University [EMAIL PROTECTED] Chico, CA 95929 530-898-5321 fax 530-898-5901
