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"It was a splendid population - for all the slow, sleepy, sluggish-brained sloths stayed at home - you never find that sort of people among pioneers - you cannot build pioneers out of that sort of material. It was that population that gave to California a name for getting up astounding enterprises and rushing them through with a magnificent dash and daring and a recklessness of cost or consequences, which she bears unto this day - and when she projects a new surprise the grave world smiles as usual and says, "Well, that is California all over."

- - - - Mark Twain (Roughing It)

Tuesday, September 20, 2011

California ranks #50 out of 50 on business climate

California continues to decline.  Socialist Democrats are clueless on how the economy works in the real world.

The Socialist leaders of the People's Republic continue to live in their fantasy world of an equal, "fair" and perfect Worker's Paradise while the state slides into poverty.

California ranks last among the states for best business climate on yet another survey of corporate executives. This newest one was conducted by the New York-based Development Counsellors International.

California has been the worst-ranked state on this survey, conducted every three years, for the past four surveys dating back to 2002. New York was worst before that, says the Orange County Register.

It’s not the first survey to label California unfriendly to business. The Small Business & Entrepreneurship Council ranks California 48th. CNBC ranked the Golden State 49th for cost of living. Council on State Taxation gave California a D —.

“With the battle for business more intense than ever, states and their economic development organizations need to pay close attention to the results of this survey,” said DCI President Andrew T. Levine. “Whether accurate or misguided, perceptions about a location’s business climate often play a crucial role in site selection decisions and where companies invest money and create jobs.”

More than 7 out of 10 (71%) of respondents said California is bad for business citing (more than one answer was allowed):
  • High taxes, 40%
  • Too much regulation, 36%
  • High cost, 23%
  • Anti-business climate, 17%
While California was the worst by a wide margin, the other states joining California at the bottom of the heap are:
  • New York, 47%
  • Illinois, 24%
  • New Jersey, 24%
  • Michigan, 16%
The major negatives for New York were taxes, 61%; costs, 38%; and regulations, 19%.
The states with the most favorable business climates are:
  1. Texas, 49% (top ranked on every survey back to 1999)
  2. North Carolina, 27%
  3. South Carolina, 14%
  4. Tennessee, 14%
  5. Florida, 14%
If these business executives vote with their feet, many businesses will be on the move because 46% told this survey that their company will make a decision about moving, expanding or consolidation within the next two years. An additional 31% were not sure about possible movement.

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