10 Worst States for Business 2013: Slideshow

Number 9

No. 50California

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 2.0
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.5

Unemployment

  • Unemployment Rate Dec. 2012 %: 9.8
  • Comparison with Nat’l Rate (7.80%): 2.0

Domestic Migration

  • Domestic Net Migration ’10-’11: -65,705
  • Rank: 49

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,008
  • State & Local Gov’t Employees per 10k Residents: 504.6

State-Local Tax Burden

  • Rate (%): 7.8
  • Compared to Nat’l Avg. (9.9%): -2.09
Key Companies
  • Apple Inc.
  • Chevron Corporation
  • Visa
  • Google
  • Oracle Corp.
  • McKesson
Development Trend Indicator: Negative
Major income-tax hike in November hastens self-imposed economic decline.
CEO Comments
“Thank you, California! Keep applying pressure on your job creators and we will keep welcoming their move to Texas.”

“You cannot sustain economic strength with power only generated by wind farms and people working in fast food restaurants. Unless we all want to retreat to life in caves, you need power you can count on when the wind doesn’t blow and employment in businesses that produce both products of true value and wealth for their workforce.”

2013 Best & Worst States for Business Links

2013 Best & Worst States for Business – Homepage
States More Aggressive in Competing With One Another
California Dreaming
Playing the Incentives Game
8 State Advocate CEOs
How CEOs Grade the States
Click here to see a slideshow of the 10 Best States for Business in 2013
Click here to see a slideshow of the 10 Worst States for Business in 2013

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

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