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California is the Worst State for Business 2012

No. 50 California Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’07-’10: -2.08 % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -1.74 Unemployment Unemployment Rate Dec. 2011 %: 11.10 Comparison with Nat’l Rate (8.50%): 2.60 Domestic Migration Domestic Net Migration ’00-’09: -1,490,105 Rank: 49 State …

No 50: California

No. 50

California

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -2.08
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -1.74

Unemployment

  • Unemployment Rate Dec. 2011 %: 11.10
  • Comparison with Nat’l Rate (8.50%): 2.60

Domestic Migration

  • Domestic Net Migration ’00-’09: -1,490,105
  • Rank: 49

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,008
  • State & Local Gov’t Employees per 10k Residents: 504.56

State-Local Tax Burden

  • Rate (%): 10.59
  • Compared to Nat’l Avg. (9.8%): 0.79
Key Companies
  • Apple Inc.
  • Chevron Corporation
  • Visa
  • Google
  • Oracle Corp.
  • McKesson
Development Trend Indicator: Negative
Sucking sound continues as frustrated businesses leave state for friendlier climes.
CEO Comments
“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.”

“California government is difficult to work with and very bureaucratic. Taxes and regulation are high and unruly.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

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