Business recruitment has long been one of the most popular strategies for state and local economic development in the US, but little is understood about the precise physical location of business moves, such as the surrounding neighborhoods and how far away a firm relocates.  This Report takes a spatially precise approach toward analyzing business relocations in the seven-county Southern California region from 1997-2014. We analyze moves within cities and across city boundaries, as well as the characteristics of the neighborhoods which businesses leave – and move to.