California Wins ‘Worst State to do Business’ for 11th Year http://t.co/AtWaZx9xnI pic.twitter.com/AhZaXAeDMR
— Indy Patriot (@indyp8riot) May 27, 2015It must be rainbows, butterflies and unicorns for Sacramento liberals, as California successfully defended its crown as America’s CEOs again named California the worst state to do business–for the eleventh straight year.
Business leaders highlight California state and local government officials’ negative attitudes toward business. CEOs blamed the cost of trying to comply with the state’s “capricious” regulatory system, calling it a job killer, especially for “smaller firms that are the least able to bear the costs.”
The annual ChiefExecutive.net survey of 500 CEOs from across America grades states on a “variety of measures of tax and regulatory regime, the quality of the workforce and the quality of the living environment” that are viewed as critical components of its business climate,. Employees’ attitude toward management is also considered, since it is a crucial factor in the perceived quality of a region’s workforce. Important “quality of living” factors include the quality of public education, health, cost of living, crime and housing affordability.
Texas continues to be seen by CEOs as “The Best” state in America to do business, despite the recent serious oil sector slowdown. Since the Great Financial Crisis began in December 2007, Texas gained 1.2 million net jobs, while “only 700,000 net jobs were created in the other 49 states combined.”
