That is what is called a sucker bet.
One of the things that makes the unemployment numbers here so high is the our minimum wage is $8.50. The wage increased back in August, and lots of restaurants began closing down. Including the cafeteria at the place I used to work. It shut down the day before the MW increase. Effectively increasing the MW cut one of my benefits.
They also reduced the cleaning staff at the same time.
Given the high taxes here, (no sales tax, but they tax everything else that moves, is nailed down, or makes someone happy) it is not surprising that that business is moving out.
Several years ago the company I used to work for had a huge back office presence here. It moved here from CA. They have been moving back office operations to AZ for the last two years, and now the processes is accelerating.