AZ Business Group Lures CA Companies

Why not set up in a state that doesn't mug you?

An Arizona business group is reaching for one of the oldest plays in the book—offering to help California companies avoid higher taxes by leaving the state.

The Greater Phoenix Economic Council said it will fly 100 chief executives to Arizona for a grand tour of all the Grand Canyon State has to offer.

"If I were running a company in California, I would have a deep internal debate about the direction of the state," said Barry Broome, the group's president. "You just have an environment in California that isn't good news for people who build and run companies."