Here's the reason: it's all about the cost of electricity. It has been...
... reveal[ed] that the company's investment in a new North Carolina facility will triple its electricity consumption, equivalent to the electricity demand of 80,000 average US homes. The facility's power will be supplied by Duke Energy, with a mix of 62% coal and 32% nuclear.California has just voted to increase the cost of its electricity dramatically between now and 2020.
There could be a few other reasons:
- unions (North Carolina is a Right to Work state; California is not;
- state corporate and state individual income tax rates; and,
- minimum wages (California at $8.00 is higher than Federal at $7.25; North Carolina's minimum wage matches Federal, at $7.25)
In addition, there is less chance of North Carolina falling into the ocean than California due to earthquakes.
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