#50 California


1.98 out of 10 in Taxation and Regulation

6.13 out of 10 in Workforce Quality

6.57 out of 10 in Living Environment

Right to Work?


State Profile

The California Competes Tax Credit committee approved $91.4M in tax credits for 114 companies, which will help them create a projected 8,223 jobs and generate over $828M in total investment across California. Also Gov. Jerry Brown signed into law the Road Repair and Accountability Act of 2017, a $52.4B infrastructure program to fix roads, freeways and bridges, as well as more money for transit and safety.

Key Industries

Offers incentives to all sectors except retail.

Key Companies

Apple
Chevron
Disney
Google
McKesson
Oracle
Visa
Wells Fargo
Yahoo

Key Contacts

California Governor’s Office of Business and Economic Development

Panorea Avdis, Director
(916) 322-0694
1400 10th Street, 2nd Floor
Sacramento, CA 95814
panorea.avdis@gov.ca.gov
http://business.ca.gov/

CEO Comments

“The taxes at the state and local level are nuts. It’s not just income taxes—it’s property taxes, impact fees, review fees, license fees, you name it—California has a fee for everything. And the worst part is the state spends a big chunk of that revenue on providing benefits and support to illegals as well as other far left boondoggles. It’s absolutely a terrible place to do business. The government bureaucracies are 100% irrational and indifferent to the actual demands of running a business. They use fees to build more bureaucracy, which contributes absolutely nothing except allowing them to charge more fees and put more regulations in place.”

“Even though there are many challenges for business in California, it remains a hot bed of opportunity and innovation for businesses. Its collaboration with businesses in other countries, such as Mexico, China, Japan and various European countries, allows it to create new ideas and expand the delivery of new products and services more easily. This includes the development of new technologies and research projects in bio-pharma, high-tech, education and healthcare.”

Current Developments

2016 REGIONAL REPORT: The West

YOU MIGHT ALSO BE INTERESTED IN…

- Advertisement -

CEO1000

CEO1000 Tracker Full List

From the schools they went to to the types of companies they run, CEO1000 is tracking the trends among the CEOs of the 1,000 largest U.S. companies.

SUBSCRIBE TO CHIEF EXECUTIVE

Sign Up to Receive Chief Executive’s Magazine and e-Newsletters

Chief Executive’s publications are designed to help CEOs do their jobs better and run their businesses more effectively. Subscribe here.

CEO CONFIDENCE INDEX

CEO Confidence Falls On Growing Trade War Worries

President Trump's trade policies are dividing CEOs.
Our monthly review of CEO Confidence reveals that geopolitical concerns, like trade wars, are causing many business leaders are causing them to be pessimistic in an otherwise buoyant environment.
- Advertisement -

BEST & WORST STATES FOR BUSINESS

Best and Worst States For Business

Are you looking to relocate or expand? Evaluate each state's strengths with Chief Executive's 2018 Best & Worst States for Business.

CEO OF THE YEAR

CEO of the Year

Once a year, we celebrate the achievements of a CEO, honored for his or her success in and dedication to business, shareholders and customers.

EDITOR'S PICKS

Former Intel CEO Krzanich — What Was He Thinking?

The risks of having an extramarital affair, even when it is consensual, as former Intel CEO Brian Krzanich did, can result in personal outcomes too devastating to contemplate.

Keys To Earning Sustained Loyalty From Your Employees

To reap the undeniable bottom-line profits of a highly engaged and loyal workforce, CEOs must empower talent, brand and employee experience teams to deliver on the expectations of today’s employees.

Otis Elevator’s Judy Marks Talks Leadership, The Future Of Manufacturing

As president of the world’s largest elevator company, Otis Elevator Co.’s Judy Marks knows that standing pat isn’t an option—especially for an industry leader.
Trump trade tactics play well with manufacturing CEOs

Trump’s Trade Strategy Playing Well With Some Manufacturing CEOs

Many CEOs at U.S.-based manufacturers are applauding President Trump's attempt to disrupt and overturn a global trade milieu of long standing that they believe has greatly disadvantaged American companies and exports overall.