With the announcement yesterday that Boeing was relocating 550 jobs from California to Oklahoma, now is a good time for our civic leaders to consider how to make this happen more often. Oklahoma has gained enormous respect over the last couple years due to our reputation as a business-friendly, upward-moving, recession-proof state. As a result, more businesses are including Oklahoma in the mix when considering locations to relocate or start-up.
So how can Oklahoma continue to attract more quality jobs and businesses? Nearly every survey of business leaders cites three broad measures that CEOs consider when deciding where to place their business: cost of doing businesses (taxes and cost-of-living), education (support a quality, trained workforce), and crime (safety equals…safety).
Along these lines, Brandon Dutcher and J. Scott Moody argue that Oklahoma has a built-in advantage when it comes to recruiting businesses and that advantage just so happens to be juxtaposed against California, the state Boeing is fleeing:
Oklahoma has a built-in advantage that local businesses, chambers of commerce and other recruiters normally don’t think of but should: We’re the most homeschool-friendly state in the nation.
You may have heard the recent news from California about the judge who ruled that parents there don’t have a constitutional right to homeschool their children. “California is now on the path to being the only state to deny the vast majority of homeschooling parents their fundamental right to teach their own children at home,” said Michael Smith, president of the Home School Legal Defense Association.
Brad Dacus, president of the Pacific Justice Institute, added, “There are going to be a lot of parents forced to make some very difficult decisions if an appeal is not successful.”
Here we can see the beauty of competition among the 50 laboratories of democracy. California parents upset with what the Wall Street Journal called “judicial imperialism” simply can look elsewhere. They might want to consider Oklahoma. For when it comes to educational freedom for homeschoolers, “You’re doin’ fine, Oklahoma” is a massive understatement.
In addition to our friendliness toward home-schoolers and our increasing efforts to bring more school choice to parents, Dutcher and Moody say our low-tax structure is appealing to many businesses and families who are on a budget.
Let’s face it: It’s expensive to live in a place like California. According to ACCRA, the nation’s most respected cost-of-living index, of the 329 U.S. metropolitan areas surveyed in 2007, all the California cities represented are huddled together in the top (most expensive) 20 percent.
Oklahoma, on the other hand, is at the other end of the cost-of-living spectrum, with its represented cities falling in the bottom one-third of all cities surveyed.
This cost-of-living difference not only means that your dollar will buy more goods and services in Oklahoma than in California, it also means lower federal income taxes. How so? Because the federal income tax code does not adjust items like the standard deduction, exemptions or tax brackets for cost of living. As a result, folks in high cost-of-living areas, such as California, suffer a cost-of-living tax penalty.
Read the entire thing here.