Yamaha moving to GA

JBlain619
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JBlain619 9/26/2018 7:16am
9/26/2018 7:16am
newmann wrote:
They aren't involved in Pinewood Atlanta?
You're right Newmann, Dan is the co-owner. He must be like you, gotta invest all that money somewhere! Laughing Woohoo
FreshTopEnd
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FreshTopEnd 9/26/2018 7:25am
9/26/2018 7:25am
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
dkg wrote:
Bingo
Taxes some maybe, more the high cost of living and associated higher cost of labor. Maybe tax incentives gifted from Georgia residents, but not like Yamaha is that big a wheel in terms of attracting that support.
newmann
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newmann 9/26/2018 7:29am
9/26/2018 7:29am
newmann wrote:
They aren't involved in Pinewood Atlanta?
JBlain619 wrote:
You're right Newmann, Dan is the co-owner. He must be like you, gotta invest all that money somewhere! Laughing Woohoo
I have a feeling that Dan wasn't out in the rain washing cars like me this morning...lol.
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Skylebones
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Skylebones 9/26/2018 7:34am
9/26/2018 7:34am
Not sure what this mean for GA, but if it helps grow motocross here in any way I'm all for it!

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tcannon521 9/26/2018 9:11am
9/26/2018 9:11am Edited Date/Time 9/26/2018 9:12am
MR. X wrote:
I'm gonna need a link to clarify that.
Dirty Points wrote:
https://www.usnews.com/news/best-states/rankings/economy
http://www.governing.com/topics/finance/states-top-real-gdp-growth-2017…
https://wallethub.com/edu/states-with-the-best-economies/21697/
Indy mxer wrote:
The fact remains that companies are leaving Cali due to the bad business environment. Austin and Dallas are booming. Check your numbers in a few years...
The fact remains that companies are leaving Cali due to the bad business environment. Austin and Dallas are booming.
Check your numbers in a few years when all the data reflects the business migration out of the state.
Silicon Valley is keeping you afloat but they have big problems as well.

Companies are heading to low tax states. Look where most of the new car assembly plants are being built, not there.
Hell we have 2 huge ones here in Indiana. Honda and Toyota.
I love when people spout off about CA and when proven wrong act like facts don’t matter.....

Perhaps these people should consider if their “news source” is lying about CA and its economy to push an agenda maybe they are lying about other things as well.
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NorCal 50+
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NorCal 50+ 9/26/2018 9:31am
9/26/2018 9:31am
California industrial electricity prices are like 70% above the national average (but hey we're gonna reduce global CO2 emissions by 1% once the state doesn't emit a single CO2 molecule, and much of our pollution blows over from Asia, which takes less than a week).
The politicians are really talking up Calfornia's GDP, but that doesn't have much to do with personal wealth. GDP is a measure of worker productivity per worker (how hard people work, basically). You have to work hard here to survive. California produces a lot of agriculture but it seems like everything in the store costs $5.
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rucka356
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rucka356 9/26/2018 10:07am
9/26/2018 10:07am
newmann wrote:
Georgia has taken a bit of a bite out of Hollyweird too. Chicken man has a hand in that doesn’t he?
JBlain619 wrote:
Is chicken man the Cathy's (Chick fil a)? If so, I highly doubt it.
newmann wrote:
They aren't involved in Pinewood Atlanta?
Yes he is involved...
Phillip_Lamb
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Phillip_Lamb 9/26/2018 10:20am
9/26/2018 10:20am
dimetime wrote:
It says testing and race divisions will currently stay behind. Interesting.
this makes more sense as receiving support from japan will be more direct. moving operations to the east coast i would have to assume this is due to the rising costs of doing business in california
Falcon
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Falcon 9/26/2018 10:53am
9/26/2018 10:53am
There is definitely a large financial benefit to the move. Think about this: The added costs and logistical nightmare of shipping EVERYTHING they get from Japan from the west coast to the east is still less expensive and problematic than simply taking it in Los Angeles. If Yamaha is going to make that kind of decision, you had better believe it was thought about and planned for years.
They can also sell or lease out their significantly valuable commercial property in CA.
Tbteam
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Tbteam 9/26/2018 12:34pm
9/26/2018 12:34pm
Indy mxer wrote:
Bvm111 is spot on. Do your research. California is not business friendly at all. Taxes and fees are way too high. That's one of the main...
Bvm111 is spot on. Do your research.
California is not business friendly at all. Taxes and fees are way too high. That's one of the main reasons Toyota is moving from there to Texas. And it's one reason why Texas is booming and Cali isn't.
They are the opposite, very business friendly. As are most of the Southeastern states like Florida, GA and SC, just to name a few.

Not political, reality.
Dirty Points wrote:
California's economic (GDP) growth rate in 2017 outpaced Texas, Georgia, Florida, and SC.
Thank you, Trump.

Otherwise, stagnant growth or a decline. California sucks.
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Bry145
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Bry145 9/26/2018 12:40pm
9/26/2018 12:40pm
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
Will we be running out of other peoples' money come 2025?

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Dirty Points 9/26/2018 12:43pm
9/26/2018 12:43pm
Indy mxer wrote:
Bvm111 is spot on. Do your research. California is not business friendly at all. Taxes and fees are way too high. That's one of the main...
Bvm111 is spot on. Do your research.
California is not business friendly at all. Taxes and fees are way too high. That's one of the main reasons Toyota is moving from there to Texas. And it's one reason why Texas is booming and Cali isn't.
They are the opposite, very business friendly. As are most of the Southeastern states like Florida, GA and SC, just to name a few.

Not political, reality.
Dirty Points wrote:
California's economic (GDP) growth rate in 2017 outpaced Texas, Georgia, Florida, and SC.
Tbteam wrote:
Thank you, Trump.

Otherwise, stagnant growth or a decline. California sucks.
California has had top 6 growth annualized every year since 2013
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Dan-The-Man 9/26/2018 12:45pm
9/26/2018 12:45pm
NorCal 50+ wrote:
California industrial electricity prices are like 70% above the national average (but hey we're gonna reduce global CO2 emissions by 1% once the state doesn't emit...
California industrial electricity prices are like 70% above the national average (but hey we're gonna reduce global CO2 emissions by 1% once the state doesn't emit a single CO2 molecule, and much of our pollution blows over from Asia, which takes less than a week).
The politicians are really talking up Calfornia's GDP, but that doesn't have much to do with personal wealth. GDP is a measure of worker productivity per worker (how hard people work, basically). You have to work hard here to survive. California produces a lot of agriculture but it seems like everything in the store costs $5.
Move from California to Georgia and I promise you will pay 2x to 3x as much for inferior produce.
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ktmfun219
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ktmfun219 9/26/2018 7:12pm
9/26/2018 7:12pm Edited Date/Time 9/26/2018 7:20pm
NorCal 50+ wrote:
California industrial electricity prices are like 70% above the national average (but hey we're gonna reduce global CO2 emissions by 1% once the state doesn't emit...
California industrial electricity prices are like 70% above the national average (but hey we're gonna reduce global CO2 emissions by 1% once the state doesn't emit a single CO2 molecule, and much of our pollution blows over from Asia, which takes less than a week).
The politicians are really talking up Calfornia's GDP, but that doesn't have much to do with personal wealth. GDP is a measure of worker productivity per worker (how hard people work, basically). You have to work hard here to survive. California produces a lot of agriculture but it seems like everything in the store costs $5.
NC 50- you make all good points sir. Most interest to me near retirement is the increase in electrical rates in the SE.
The perception of GA rates are a reduction factor to Yam are misunderstood. As a Midwest transplant to GA I can vouch GA rates are 20% higher. Today's vote to move forward with GA nuclear plant Vogtle unit 3/4 and passed construction cost sins of Kemper county , MS facility will cost taxpayers of MS, Al & GA huge at 40 bil projected costs. Construction forecasts were 15 bil in 2008. There is not a winner anywhere for all of us.

Note this is all Southern Company Power jurisdiction. Too big to fail???
ehr400
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ehr400 9/27/2018 3:27am
9/27/2018 3:27am
Most people forget about this thing called corporate welfare. These companies shop different states/ counties trying to find the most free shit they can, labor costs and taxes play a big role but if you can get most of your taxes pushed back or non existant, thats where they go. I lived in Alabama and only thing cheaper was car insurance. Other then that it was a wash.

A great example of this was when we had the worst govenor in the history of our state, Granholm, which ruined a decade for us, gave a 1200 acre chunk of state land to Toyota to build a RD tech center. Thats great, and this was near during the financial crisis. Wouldn't do anything for other businesses tax rates in Michigan including Big 3 but gave this land and tax abatments to Toyota. How did Toyota reward the area and the state? By bringing in mainly Japanese employees from Japan and california residents. Did almost zero for local hiring economy.

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quadzrulebro 9/27/2018 8:41am
9/27/2018 8:41am
The crazy cost of living for employees of Southern California based companies I’m sure is a major factor in the decision. When employees are forced to live in one of the most expensive areas in the country, salaries must support the expense. I work for a company based in Los Angeles, and if I were promoted and moved in house, even with a raise, my standard of living would decrease dramatically. The house I live in is worth around $220,000 (and is paid off). The equivalent house and land in Orange or LA county would cost over $1,000,000.
The median house price in Cypress, CA (Yamaha’s current headquarters) is $676,000. The median house price in Kennesaw, GA (the location of their east coast office and distribution center) is $224,000. It stands to reason that it is more difficult and expensive to attract and retain talent for Southern California based companies.
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milliebays
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milliebays 9/27/2018 9:43am
9/27/2018 9:43am
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
make1go wrote:
hmmm thought politics were suposed to be kept out of this forum. ..but then again she was actually an evil vindictive physcopath so thats okay.. and...
hmmm thought politics were suposed to be kept out of this forum.
..but then again she was actually an evil vindictive physcopath so thats okay..

and anyone who follows her doctrines needs their head examined..
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WFO
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WFO 9/27/2018 10:05am
9/27/2018 10:05am
ehr400 wrote:
Most people forget about this thing called corporate welfare. These companies shop different states/ counties trying to find the most free shit they can, labor costs...
Most people forget about this thing called corporate welfare. These companies shop different states/ counties trying to find the most free shit they can, labor costs and taxes play a big role but if you can get most of your taxes pushed back or non existant, thats where they go. I lived in Alabama and only thing cheaper was car insurance. Other then that it was a wash.

A great example of this was when we had the worst govenor in the history of our state, Granholm, which ruined a decade for us, gave a 1200 acre chunk of state land to Toyota to build a RD tech center. Thats great, and this was near during the financial crisis. Wouldn't do anything for other businesses tax rates in Michigan including Big 3 but gave this land and tax abatments to Toyota. How did Toyota reward the area and the state? By bringing in mainly Japanese employees from Japan and california residents. Did almost zero for local hiring economy.

Toyota officially opened their new Headquarters in Plano in 2016. The made offers to previous employees in California as well as new positions they were going to hire. Estimates that they were going to hire 10k new employees were on par but the increase to the economy in the Legacy Plan area was Incredible. The housing market was so intense you only had one chance to buy a new house in the area, and that was to look at a picture, because the next customer waiting in the lobby was ready to buy that house. Word that Toyota was moving their HQ from Cali to Plano started a Wave. Those that relocated to Plano are Toyota, Fed-Ex, Liberty Mutual, Dr Pepper/Snapple, Frito Lay, State Farm, and the list goes on. What these Corps has brought to Plano, Frisco, The Colony, McKinney are People, that Spend money and pay taxes. The area is on fire with development. Matter of fact it's the hottest Dev sector in the USA for over 3 years now. Good schools and nice neighborhoods as well.
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RichieW13
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RichieW13 9/27/2018 11:45am
9/27/2018 11:45am
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
It looks like California has an 8.84% corporate tax and Georgia has a 6% corporate tax. Not a huge difference there.
RichieW13
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RichieW13 9/27/2018 11:48am
9/27/2018 11:48am
Falcon wrote:
There is definitely a large financial benefit to the move. Think about this: The added costs and logistical nightmare of shipping EVERYTHING they get from Japan...
There is definitely a large financial benefit to the move. Think about this: The added costs and logistical nightmare of shipping EVERYTHING they get from Japan from the west coast to the east is still less expensive and problematic than simply taking it in Los Angeles. If Yamaha is going to make that kind of decision, you had better believe it was thought about and planned for years.
They can also sell or lease out their significantly valuable commercial property in CA.
I don't know. Will it really be that much difference? I can't imagine they will ship all their vehicles to California. Then ship them all to Georgia. Then ship them around the country to the dealers. Most vehicles will probably never go to Georgia. They'll still be distributed from California.
ga_pike
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ga_pike 9/27/2018 12:00pm
9/27/2018 12:00pm
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
RichieW13 wrote:
It looks like California has an 8.84% corporate tax and Georgia has a 6% corporate tax. Not a huge difference there.
2.5% of that much money is a pretty good chunk.
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RichieW13
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RichieW13 9/27/2018 12:11pm
9/27/2018 12:11pm
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
RichieW13 wrote:
It looks like California has an 8.84% corporate tax and Georgia has a 6% corporate tax. Not a huge difference there.
ga_pike wrote:
2.5% of that much money is a pretty good chunk.
I can't find any numbers, but I thought the manufacturer profits are pretty tight these days. If the company is grossing $1M/year, that's only a difference of $20k in taxes.

I'm sure the cost of living is a bigger factor.
mx_563
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mx_563 9/27/2018 1:53pm
9/27/2018 1:53pm
As a California resident, I appreciate the outpouring of concern from people that don't live here....in a thread about Georgia no less. Thanks guys!
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KDXGarage
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KDXGarage 9/27/2018 2:25pm
9/27/2018 2:25pm
mx_563 wrote:
As a California resident, I appreciate the outpouring of concern from people that don't live here....in a thread about Georgia no less. Thanks guys!
You're welcome. Keep patching those $2,000,000,000 steel beams with the street poop.

Welcome, Yamaha.
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OldYZRider1 9/27/2018 3:44pm
9/27/2018 3:44pm
Dan-The-Man wrote:
Move from California to Georgia and I promise you will pay 2x to 3x as much for inferior produce.
I moved from IA to CA in the '80's and felt I got better CA oranges in the supermarket in IA than I did at the Ralph's we shopped at in San Diego. I thought CA growers must be shipping the good shit out of stat.Smile . However I did pick an orange off a tree in an orchard up around Palomar Mountain once and it was really, really good.
coastlinecascot 9/27/2018 4:53pm
9/27/2018 4:53pm
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
RichieW13 wrote:
It looks like California has an 8.84% corporate tax and Georgia has a 6% corporate tax. Not a huge difference there.
The energy rates and vehicle licensing fees are really high. Big energy users like my company actually put in a cogen plant converting natural gas to electricity. Its cheaper.
MR. X
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MR. X 9/27/2018 4:58pm
9/27/2018 4:58pm
bvm111 wrote:
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out...
Think maybe taxes in CA have anything to do with it? As Margaret Thatcher said... the problem with socialism is at some point you run out of other people’s money to spend!
RichieW13 wrote:
It looks like California has an 8.84% corporate tax and Georgia has a 6% corporate tax. Not a huge difference there.
Does Georgia offer tax breaks to new business? ,I know New York does unless you are gun related and then they chase you out of the state.
endurox
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endurox 9/27/2018 6:24pm
9/27/2018 6:24pm
BAMX wrote:
How long before the rest of the OEMs follow?
Nissan left 15 years ago, Toyota moved to Texas. Honda is moving most of their operations to Ohio. Alta could probably lower their price if they moved out of California. How much is their rent a month in SF?
captain.olives
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captain.olives 9/27/2018 8:43pm
9/27/2018 8:43pm Edited Date/Time 9/27/2018 8:44pm
Grinning

I always love the doom and gloom from folks outside of CA always saying (or maybe hoping) CA is on the verge of collapse for decades. CA isnt perfect and it has both its challenges and problems.

But there is also a reason its the 5th largest economy in the world and single biggest contributor to the US of A's growth and economy by a significant amount. It has nothing to do with cheap land, energy, labor, or taxes. If your company depends on those or you believe those are the most significant elements in business, well some place else might be a better fit at the moment.

There are many reasons Alta was not founded in a low tax state like Kansas and Harley Davidson is opening and hiring folks for a new division in the heart of the Silicon Valley. Will wholeheartedly agree California's metro areas are no place for unskilled or low pay labor or low margin businesses. But that hasnt been whats driven CA's economic growth for decades.

Its a different model than a place like Texas. Good for Texas. But that doesnt mean California is going to implode or lose a leadership position in the economic pecking order. Lots of very expensive places from Manhattan to London all contributing outsized percentages to the economy.

Yamaha moving staff to GA makes sense. But dont read too much into it.
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