Posted on 07/03/2014 7:06:13 AM PDT by SeekAndFind
For the past six years, the Tax Foundation's "State Business Climate Index" has named California 48th in the nation. CEO Magazine has placed it dead last for the past eight years in its "Best and Worst States for Business" rankings. The causes of California's business climate struggles are well-documented: high, overly complicated, and numerous taxes, expensive property, increasing energy costs, burdensome labor and environmental regulations, and a state legislature indifferent to business concerns, among others.
So, when rankings like CNBC's show California more competitive, it raises questions. Why? And is there hope for California? While most rankings look narrowly at a few specific areas (for instance, the Tax Foundation looks just at state taxes), rankings like CNBC's "America's Top States for Business" examine the business climate more broadly including all the components a business might evaluate before making location decisions.
Released last week, CNBC's 2014 rankings, which encompass ten categories - cost of doing business, economy, infrastructure, workforce, quality of life, technology and innovation, business friendliness, education, cost of living, and access to capital - put California at #32; still in the bottom half, but at least not in the bottom ten where California typically finds itself.
However, the better score isn't necessarily cause for celebration. Examining both California's category ranks and trends since before the Great Recession (in 2007, California ranked 28th overall), shows weaknesses for the Golden State, particularly in areas on which the state has historically relied. 2007 ranks are used as the baseline since the recession has forced companies to be even more discerning when assessing locations in which to do business.
(Excerpt) Read more at realclearmarkets.com ...
There still must still be businesses there now though.
People go there for the moderate dry weather.
They seem like nut-bags to me though.
Maybe they should raise taxes again.
In answer to the title, as California parasites flee and destroy neighboring states with their leftist disease California will cease to appear so dismal. I guess you could call that hope.
My sister (who owns a small restaurant in CA) was in tears yesterday because the minimum wage went up a dollar. She will close this year.
There will be hope when those Californians who do not live in LA, San Francisco, etc. take back their state gummint from the entitlement crowd. IOW - they are screwed.
Just change the metrics to suit, and California is not so bad. Just like FedGov does it.
Never mind about about the future.
As soon as all of the illegals get shipped there they’ll have money to burn. That is, tax dollars from people in the other states.
They’ll just raise taxes on the remaining businesses to make up for the loss.
That’s how libs think.
There are other ills than economic. No, there is no hope for california. And it depresses me that they even have the option of leaving. We don’t want them.
My condolences to your sister. I lived in San Diego in the late ‘70s, and we used to see an endless procession of illegals hoofing it up the valley in Chula Vista, headed north. The Border Patrol didn’t have enough buses to carry them all back to the border once rounded up. CA used to be a great place, good public education, inexpensive energy (hydro-electric) - now the chickens have come home to roost.
Jerry Brown’s answer as usual is fee’s. He’s adding fee’s to everything from lumber to hardware, and anything else he thinks nobody will notice.
Fee’s ARE taxes, but aren’t called “taxes”, so Californian’s remember in November that Jerry Brown HAS raised YOUR taxes, AND lied like a Democrat to you.
Hope for California, Nope! As long as MSM, communists democrats, Hollywood, and the likes of Jerry Brown, it has and will continue to be flushed down the drain.
total collapse of their economy would be the best thing for them.
“They seem like nut-bags to me though.”
Thanks for the “compliment.” And I am sure the Robinsons also appreciate your “broad brush indictment” of the entire population of our state. I guess where you live (that would be in the land of milk and honey) it’s “all white and conservative,” right? But at least you are right about our weather, it’s the best in the world!
We’ll end up being the next Detroit. It’s only a matter of time.
I live in Maryland and diss fellow Marylanders all the time. I call them sheep.
Your life must be a blast if that bothered you.
Welcome to Texas! We are open for business.
Cut off water to the agriculture belt. Raise taxes. Welcome illegals.
You mean they troed that? Well I’m out of ideas.
“Your life must be a blast if that bothered you.”
My life is great! I just get really tired of people trashing California. I guess I should feel sorry for you though, because Maryland makes California look like the land of milk and honey. And in case I forgot, thanks for sending us Nancy D’Alesandro Pelosi. She was born and raised in Baltimore.
I diss people here too, but not all of them.
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