Most states want to woo new businesses. California Gov. Gavin Newsom and Democratic lawmakers in Sacramento are trying the opposite approach.

Recently, Bed Bath & Beyond opened its first location since filing bankruptcy two years ago and closing hundreds of stores. Along with its online operations, it now plans to debut hundreds of new physical locations. But there's one state it will avoid entirely.

"We will not open or operate retail stores in California," the company's Executive Chairman Marcus Lemonis said in a statement. "This decision isn't about politics--it's about reality. California has created one of the most over-regulated, expensive and risky environments for businesses in America."

There are several ways a governor could respond to a high-profile public critique like this.

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