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North Face is leaving the Bay Area. Climbing costs were a factor

August 18, 2018

: sfchronicle – excerpt

The pending departure of North Face, a landmark outdoor apparel company founded in San Francisco in 1966, highlights the challenges for nontech businesses in a region with the country’s highest housing costs.

The expense of the Bay Area was “a factor” in the decision, announced last week, to move the company’s headquarters from Alameda to Denver, said Craig Hodges, a spokesman for North Face’s parent company, VF….

Spectrum Location Solutions, a consultant for company relocations, found that 9,000 California companies had moved their headquarters or chosen to expand outside of the state between 2008 to 2015. Colorado was the fourth-most-popular state destination. Spectrum blamed California’s high taxes and strict regulations… (more)

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