California: Plunges to bottom in new business creation - lost 4,632 businesses from the prior year

◼ From 2001 to 2009, it ranked first or second. But last year it lost 4,600 businesses. - LA Times

From 2001 to 2009, California ranked either first or second in the nation in creating businesses. But last year, the state plummeted to 50th as it lost 4,600 businesses, according to a study by Economic Modeling Specialists Inc....

Three years ago, California ranked first, with 32,829 net new businesses established. Though the number sank to 12,529 during the worst of the recession two years ago, the state still ranked first, ESMI said.

But last year, amid continuing high unemployment, California lost 4,632 businesses from the prior year, the study found. Only Michigan, among the states and the District of Columbia, ranked worse.