REFERENCES:
May 2 2012 by JP Donlon
May 2 2012 by ChiefExecutive.net
By Rob Lapsley
President, California
Business Roundtable
Monday, April 30th, 2012
By Joseph Perkins
May 3 2011 by JP Donlon
Saturday, May 05, 2012
CALIFORNIA BUSINESS ENVIRONMENT No. 50: ‘ninth circle of business hell’
ABSTRACT: In Chief Executive Magazine’s annual survey of
CEO opinion of the Best and Worst States in which to do business (2012), executives
ranked California California ’s
economy “substantially underperforms” compared to the rest of the country;
unemployment rate 10.9%, third highest rate in the U.S. ;
and California
has one-third of the nation’s welfare recipients. 254 California
companies moved some or all of their work and jobs out of state in 2011, an
increase of 26 percent over the previous year and five times as many as in 2009,
according to Spectrum Locations Consultants.
Some CEO comments include "California continues to
head in the wrong direction as its tax policies will drive more businesses and
people to relocate in other states. State politicians feel business and
commerce are “necessary evils” that provide the funds to enable pursuit of
their misguided agendas” and “California
government is difficult to work with and very bureaucratic. Taxes and
regulation are high and unruly.”
Additionally, the State-Local Tax Burden Rate (%): 10.59 Compared
to Nat’l Avg. (9.8%): 0.79. And notably, California ’s economy, the
world’s sixth largest a decade ago, is in ninth place and from
2000 to 2010, California ’s
share of the national economy shrank faster than all but three states,
according to the Bureau of Economic Analysis.
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