Florida CFO Lauds News of Potential Disney Operations Relocation

    "Disney already has a proven track record here,” Chief Financial Officer of Florida Jimmy Patronis explained to “Fox & Friends First” on Wednesday. “We just like to allow them to grow and expand their business.” California's adverse economic environment forces the company to adapt amidst a system rife with high taxes and regulatory hurdles. Add COVID restrictions into the mix, and the motives behind the decision begin to materialize. These factors now seem to be a catalyst for the company's pending decision to move more operations to Central Florida.

Disney CEO Bob Chapek recently insisted that many of California's COVID restrictions were arbitrary. The specific number of divisions or cast members associated with the move were not discussed in a recent Disney statement. However, the company did explain

Although the majority of the company's television programs tape on its 51 acre Burbank lot, Orlando cannot be ruled out as a potential production location either, with a history of some shows being shot in Central Florida. "We are extremely disappointed that the State of California continues to keep Disneyland closed despite our proven track record," Chapek explained with dismay. He further emphasized that "our health and safety protocols are all science-based and have the support of labor unions representing 99% of our hourly cast members."

“Gavin Newsom is nonresponsive. Businesses are fleeing his state,” Patronis said. With a tax rate at 13.3%, one of the nation's highest, California seems to be losing more businesses to Florida and Texas by the month. Patronis welcomed the news and pointed to the states' FICO scores as well, drawing a contrast between the Sunshine State and California.

Tesla recently announced an exodus from the state and pledge to move nearly all operations in the Golden State to Texas, including California's last manufacturing plant.