Monday, September 10, 2012 – 09:30 a.m.
It’s been happening for years and is likely to pickup in pace.
That’s more business friendly cities picking the dead carcass of bankrupt San Bernardino, California,
For years local, more affluent, locales have been stealing businesses and government agencies, operating within the city, to their economic benefit and San Bernardino’s demise.
It’s a trend that started about twenty years ago.
News that two major businesses, Inland Empire Health Plan (IEHP) and Starbuck’s juice supplier Evolution Fresh are locating to Rancho Cucamonga.
IEHP employees 700 and serves roughly 570,000, according to a story in Monday’s edition of The Sun.
San Bernardino’s politically-unstable government and unappealing business climate combined with poverty-ridden demographics is killing the city.
At this point, with a city council that believes the city has money and unions that have too much influence, the situation will take years to turnaround, if at all.
A new downtown theater, even with discounted ticket prices, is already struggling financially, while local retail businesses continue to close.
Expect a further exodus of higher-earning residents and retail business, all while city leaders fool themselves into believing it isn’t so.