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brownoaklandport.jpgGov. Jerry Brown, addressing Toyota's plan to close its Torrance headquarters, said Friday it does not appear the state could have done anything to keep the car company in California.

The Democratic governor, speaking to reporters outside a Los Angeles Area Chamber of Commerce event in Los Angeles, cited a Los Angeles Times story in which Toyota attributed the planned move to Texas not to dissatisfaction with California's regulatory climate, but with a plan for corporate consolidation.

Asked if the state could have done anything to keep the company in Torrance, Brown said, "Based on what they say, it doesn't appear to be. But, in response to your question, I would just incorporate by reference what the Los Angeles Times has said in their very detailed editorial and in their front page story. I think it was reasonably accurate," according to a transcript provided by the governor's office.

Brown, who is seeking an unprecedented fourth term as governor, has been criticized by his Republican opponents, Tim Donnelly and Neel Kashkari, for what they say are burdensome regulations for companies in California.

Brown defended California's business environment, citing venture capital and foreign investment in the state.

"There's a fellow named Schumpeter who talked about the creative destruction of capitalism," he said, referencing the economist Joseph Schumpeter. "And, I put the emphasis on creative, and, change is inevitable. We're getting 60 percent of the venture capital, we're the number one place for direct foreign investment in the United States. Do we have everything in all respects? No. But we have an abundance that constitutes a two trillion dollar economy."

PHOTO: Gov. Jerry Brown speaks at an event in Oakland on Nov. 1, 2013. Associated Press/Marcio Jose Sanchez



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