Skip to comments.CA: State lost 47,000 employers in 2008
Posted on 12/16/2009 5:49:47 PM PST by NormsRevenge
One of every six U.S. employers that closed permanently in 2008 was in California, according to the U.S. Small Business Administration using bankruptcy court data.
However, one in nine employers that opened in 2008 was in California. The net result was almost 47,000 fewer companies with employees in California by the end of 2008.
The data are part of the Census Bureaus Statistical Abstract of the United States 2010.
The state had 45.1% more business deaths than births, one of the steepest changes. Note that many of the closures were started in other years. In Californias case many of those losses were in the real estate and financial services industries because of the subprime mortgage meltdown and crash of the housing market.
The United States as a whole had 10.5% more business deaths than births.
Other states with huge numbers of employer closures compared to startups in 2008 are:
* Michigan, 55.1% more * Missouri, 41.4% * West Virginia, 38.1% * Rhode Island, 34.7% * Arizona, 33.9%
(Excerpt) Read more at jan.freedomblogging.com ...
Leftist agendas suck the lifeblood out of economies.
My business left CA in ‘07.
I pulled out of NV this year.
Whatever they tax more of results in less of it. How’s that taxing into prosperity workin’ out for the leftist tyrants?
Mine pulled up stakes in Jan '06 and moved to Texas. If you're moving your business again, you ought to consider relocating here. This state loves business.
How many employees did the State of Kaleephornya gain at the same time?
Textbook example of what happens to the economy when liberals are in charge. November 2010 can’t come soon enough.
Yes, I know, considered/considering.
Family and all, status is ‘pending’ but for sure I would love to move to Texas!
This is availabe only in cached version for some reason......
Growth Energy, a corn ethanol lobby group, is grossly exaggerating the economic benefits that a higher ethanol blend in the nations fuel supply would bring.
The group claims that granting its petition to increase the amount of ethanol blended into gasoline from 10 percent to 15 percent would create an additional 136,101 green jobs.
Our analysis shows that only 12,000 to 27,000 jobs would be created at a cost to taxpayers of between $195,000 and $446,000 per job per year for a total cost of $ 5.4 billion per year. Other independent analysts suggest that 38,000 jobs would be created at the cost of $139,000 per job per year.
Growth Energy is calling its petition to the Environmental Protection Agency (EPA) to waive the requirements of the Clean Air Act and allow higher blends of ethanol the Green Jobs Waiver.
The groups jobs claim is based on a March 4, 2009 study. The research done by the Windmill Group is the latest in a string of corn ethanol industry-commissioned studies. In contrast, independent academic economists have shown that the corn ethanol industrys estimates of new jobs are far larger than any credible analysis produces.
In short, there are claims to economic outcomes associated with ethanol production that seasoned analysts cannot swallow, but that proponents and politicians will certainly tout as gospel unless confronted with better (or, for the most part, actual) research. The gap between sensible analysis and outright nonsense is huge.3
Independent analyses show that the Growth Energy job creation estimates are likely 5 to 10 times too high (see Table 1) compared to similar analyses by independent, academic economists.
If we still have electricity.
Here in Texas my home property taxes due decreased by about $300 dollars for 2009 in Dallas County.
Per statistic, you can't do better, anywhere in the country. Texas is the number one destination of choice for corporations who are looking to relocate their businesses within the US.
Check this out:
Good for you... wish it was contagious...
Gotta love Texas. Very cool...
I’d consider Texas, but most of the better jobs are not on the coast, and the beaches are filthy (I need to live near salt water, its in my genes).
Yeah, I know, you certainly don’t have to talk me into it, I am ready, but as is the case with most of us, there are peripheral issues that slow things down.
I just love the ‘Texas Way’ in so many ‘ways.’
Not to mention the pride. You don’t see and American flag flying without a Texas flag flying right next to it. Most of my family live in east Texas, now I have to convince my kids to move there, or at least nearer.
Well, it may get to be a trend.
Just hope Texans can stop/destroy the polluted minds that have invaded other states from doing the same to Texas.
I hear you. I'm a native Californian from Monterey. I was born less than a mile from the beach, and have rarely lived more than an hour away from the coast.
But, in the last twenty-five years of my life, I'll bet I never went down there more than once or twice a year. Conditions in California got so bad, that even the draw of my family roots, and the wondrous scenic beauty of the place couldn't hold me there any longer.
Priorities, ya know?
"The gap between sensible analysis and outright nonsense is huge."
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