Moving out... More and more of Washington's businesses are packing up and heading out of state.

The reason? Some say the state isn't doing what it needs to keep hometown companies happy.

In a non-descript building on the outskirts of Auburn is the Northwest Territorial Mint.

It is the largest private mint in the world and has always called Washington home.

Don Routh is the Territorial Mint's General Manager. He says; "The business has been here since 1981. Most of the people working here were born and raised in this state."

Now, after what was clearly a painful decision, the company is picking up its coins and moving the entire operation, a 200-million dollar enterprise with 150 jobs to Carson City, Nevada.

Routh says; "The business climate has just changed here to the point where it's no longer possible for us to be competitive within the marketplace and so we're gonna move."

Hit with a new manufacturing tax that could cost the company two million dollars a year, mint officials say they had no choice.

Routh goes on t say; "We can't afford to have that additional cost passed on to our customers and we can't eat it ourselves and stay competitive."

Auburn mayor Pete Lewis says he hates to see the mint leave Auburn but it was simply out of his control.

"Anytime you have jobs leave on a net basis. It's a bad thing. What we have to do is provide the best environment we can for those who want to come and flourish here.", Lewis said.

Auburn is in no way alone.

In Seattle Dendreon Biotech is building a 70-million dollar production facility in Atlanta.

50 jobs there.

The Puget Sound Business Journal says Georgia's Governor made the pitch and sweetened the deal with tax breaks and don't forget Boeing is seeking a permit in South Carolina for a possible second production line for the 787 Dreamliner.

One expert said today Washington seems to be losing it competitive edge and attitude and he says that will become more and more critical as other states and other countries for that matter do more and offer more to attract new businesses.

Thomas Flavin with the economic development organization enterprise Seattle says Washington in general and King County in specific has a lot to offer but needs to offer a lot more.

Flavin goes on to say; "Areas where we need improvement; cost and ease of doing business. We need a better incentive system and we need to find ways both public and private of providing access to capital for growing companies."

Still Flavin says three businesses have moved into Washington in the last six months.

State revenue officials say there is not now and won't likely be a mass exodus of businesses.

in fact the number of businesses in Washington has doubled in the last 15 years.