CEO says doing business in state ‘sucks’ as company heads to Texas amid California exodus

Hil Davis, CEO of Digital Brands Group, relocated the company's headquarters from California to Round Rock, Texas, citing high costs, taxes, and regulations in California. This move occurs amid a debate over a proposed one-time billionaire tax on wealthy Californians, as the state records significant losses of taxpayers moving elsewhere. The article notes that these departures shrink the local tax base for public services.