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California: CEOs Rate It Worst U.S. Business Climate For 8 Years Running
RCM ^ | 03/21/2014 | Carson Bruno

Posted on 03/21/2014 7:02:37 AM PDT by SeekAndFind

California's economy continues to experience a tepid recovery since the Great Recession. One reason why: according to CEO Magazine, California has had the worst business climate in the nation for the last eight years, due in no small part to policies out of Sacramento.

Any economic growth in the Golden State is largely driven from the continued tech boom in Silicon Valley - although even it may not be immune to California's poor business climate. Depending on how one categorizes "small businesses"- typically, either fewer than either 50 or 100 employees - as of the 3rd quarter of 2012, between 96% and 98% of all businesses in California were "small." At the fewer-than-100-employees classification, small businesses employed 55% of California's total workforce. As such, how California's business climate affects small businesses has big consequences for growth prospects.

Earlier this month, advocacy group Small Business California released its annual survey of small business executives. While most reports noted a renewed economic optimism among executives, a more granular look at the survey's results suggest otherwise.

Roughly half of the executives surveyed believe California is heading in the wrong direction (even worse than Californians on a whole as recorded in the Hoover Institution's January Golden State Poll). This view is likely driven by the fact that, by a four-to-one margin, small business executives say the "business climate in California" is either very poor or poor, while a whopping 64% say the "business climate for small businesses" is such.

(Excerpt) Read more at realclearmarkets.com ...


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: agriculture; businessclimate; california; construction; foodservice; restaurants; supermajority
If California's business climate is so bad, what accounts for the continued hiring in Silicon Valley?

Obviously, people still want to be there, otherwise the price of housing in that area would not be the most expensive in America...

1 posted on 03/21/2014 7:02:37 AM PDT by SeekAndFind
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To: SeekAndFind

Who wants to be treated like a criminal entity, taxed to death, follow inane rules and regulations pulled out of some Greener’s a$$, and has to hire illegal aliens for its workforce?

Nobody in their right mind, that’s who

[you may quibble with ‘has to hire’ but I submit if your local government affords all the rights and privileges of citizenship to illegal aliens, then your workforce must necessarily consist of such because you have no recourse to weed them out of the process]


2 posted on 03/21/2014 7:09:39 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: SeekAndFind

I’m opening an office in Phoenix. Much better climate.

They open an office in the Valley because of the work force already there. Those that dont care about costs.


3 posted on 03/21/2014 7:17:34 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver

RE: I’m opening an office in Phoenix. Much better climate.

I hope you factored in the air conditioning expenses.... :)


4 posted on 03/21/2014 7:22:56 AM PDT by SeekAndFind (question is this)
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To: SeekAndFind

Did the article mention that California has a democrat supermajority and democrat governor?


5 posted on 03/21/2014 7:23:27 AM PDT by skeeter
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To: SeekAndFind

Well Im hiring locals so I assume they are used to it. Plus office rents are pretty low there.


6 posted on 03/21/2014 7:24:05 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: SeekAndFind
California has 90% of the babies born in poverty on welfare.
We have a third of all welfare.
We have a never ending growth of government employees that are funded by a shrinking private sector.
We have a never ending invasion of second grade drop outs from third world countries who work under the table and get on the dole.
The state attacks anyone attempting to build wealth through private business activity.
They are jealous and attack in politics and policy those who save or have investment income which is taxed at lower rates.
The state adds fees to fuel, car registration, gas and so forth.
There is a flourishing unhindered business that involved trial lawyers suing businesses over ticky-tack issues allowed under the law.
The people in taxes also have to support a huge transportation system that isn't justified by use that pays enough to support itself.
There is lots of overpayment of all government workers and many that are basically job-fare.
They back the overpayment with work with very wealthy retirement packages and all that alone has us hundreds of billions in the hole in the near future.

Horrible business climate and this state has IMO gone only down hill in the last 3 decades.

You may have a successful blip somewhere or in government employment dominant cities, but that is all IMO.

7 posted on 03/21/2014 7:25:18 AM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: SeekAndFind

naa. it’s a sweat shop ;)


8 posted on 03/21/2014 7:26:08 AM PDT by cableguymn (It's time for a second political party.)
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To: SeekAndFind
I can't totally explain it, but I do know their is a widening gulf between the well-to-do and the middle class here.

A segment of the workforce seems to still be doing pretty well while the average salaried are finding it increasingly difficult to survive and are moving out in droves.

9 posted on 03/21/2014 7:26:42 AM PDT by skeeter
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To: SeekAndFind

How can this be when they have more than enough illegal aliens to do the work Americans won’t do?


10 posted on 03/21/2014 7:30:14 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: driftdiver

We had been in SoCal for twenty years. Then 5 years ago my husband’s company closed up shop and moved to Arizona. I sure miss the beauty, the weather, the activities of California. But we are managing much better with our finances here. Yes, our electric bills are higher in the summer months, but that is the only thing that is more expensive.


11 posted on 03/21/2014 7:50:21 AM PDT by originalbuckeye (Moderation in temper is always a virtue; moderation in principle is always a vice. Paine)
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To: skeeter
And when was the last time that anyone spoke the truth to the cretins that run the Sacramento administration, and certainly when was the last time those cretin heard, really heard and understood the truth about their policies. They insulate themselves from the Real World in their little commie cliques and they believe that they are doing good for Kalifornia. We need a Jumbotron right outside their doorway so that they cannot avoid it, and post the results of their idiotic policies on it with daily updates. It will be like poking a stick into an ant nest but, Hey!won't it be fun, and it may do some good. Koch Bros anyone?
12 posted on 03/21/2014 7:53:45 AM PDT by I am Richard Brandon (center)
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To: SeekAndFind

DemocRat = anti-business.


13 posted on 03/21/2014 8:06:36 AM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: skeeter

“...the average salaried are finding it increasingly difficult to survive and are moving out in droves.”

Do NOT come to Texas if you are like the snotty Californians who arrive to use our advantageous economy while telling us how things are done in CA. We don’t want to hear any advice from people who screwed up their state so badly that they could no longer live there.


14 posted on 03/21/2014 8:17:27 AM PDT by txrefugee
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To: SeekAndFind

But yet certain types of big businesses are thriving in CA.

Consider the mystery tenant in San Jose that just leased 2 million square feet. Plus every big name name tech story recently (last 10 years) is there: Twitter, Linked-In, Facebook, Google. Facebook was founded in Boston, but HAD to locate its HQ in Silicon Valley.

As predicted, the polarization continues. The very rich and very poor thrive, the middle escapes to NV and AZ.


15 posted on 03/21/2014 8:20:08 AM PDT by cicero2k
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To: SeekAndFind

“If California’s business climate is so bad, what accounts for the continued hiring in Silicon Valley?”

If you own/control a dot.com entity like Google, Facebook, Intel, ____________ fill in the blank, more than likely you are a devout liberal. So you don’t mind having Moonbeam as your governor, liberal mayors, city council members and local rats, you control at the Sacramento. In fact you donate huge sums to elect and reelect the above rats.

Also, you are rich enough to live in closed gate communities, so you don’t have to worry about crime from the unemployed. Or you own a 15,000 square foot mansion on a hill top within helicopter range for your commute above the common travelers packed into an old dirty BART car, AC Transit bus or on one of the limited size expressways, which become bottlenecks twice a day.

You are against the second amendment, yet you have armed guards to protect you and your family. Your children go to expensive private k-12 schools with armed guards or police officers on the premises.

You have a vast number of vicious left wing lawyers to deal with the petty laws. You have lobbyists to grease your skids. You or your spouse donates big sums to illegals, druggies or some other bottomless pit demanding more $’s each day. This makes the local pols even more dependent on you and your $’s.

Your company has box seats for the Giants, Sharks, Warriors and other sporting events.

Your children, when they become college age will be welcomed to Stanford or the Ivy League school of their choice because of your donations.

In the meantime, you live in a place that has some of the best weather in the world.

If you or your significant other get bored or tired of this area, you can charter a plane to vacation in a private/protected villa, most of us could only dream about or see in a movie.

The terrible California anti business rules apply to the small business owners and out of state controlled/owned businesses.

Last but not least, the politicians, you own at the city/county/state level will make it next to impossible for a real competitor to open a business in California. Then, you can continue to charge outrageous prices to your cults that wait for your product like druggies needing a fix.


16 posted on 03/21/2014 8:41:27 AM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: driftdiver

business climate? perhaps. but 117F temps make the other kind of climate problematic, at least for me.


17 posted on 03/21/2014 9:19:29 AM PDT by RitchieAprile
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To: Moonman62

“How can this be when they have more than enough illegal aliens to do the work Americans won’t do?”

I wonder if Intel crowd sources with enough illegal aliens if Intel can get the i9 processor chip designed that way?


18 posted on 03/21/2014 9:20:03 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: RitchieAprile

but its a dry heat


19 posted on 03/21/2014 9:21:28 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: originalbuckeye

“Yes, our electric bills are higher in the summer months, but that is the only thing that is more expensive.”

Look into evaporation cooling and see if that is appropriate for your situation. Only cost is to run a 3/4 horse motor and an aquarium-sized pump and a few gallons of water a day.

Works great in Colorado for me and we’re not a dry as you.


20 posted on 03/21/2014 9:22:54 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: catnipman

Didn’t you hear? Jesse is paying them a “visit” because they aren’t “diverse” enough...


21 posted on 03/21/2014 9:23:55 AM PDT by SZonian (Throwing our allegiances to political parties in the long run gave away our liberty.)
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To: cicero2k

Sooner or later, Silicon Valley will discover that they cannot be billed for all the taxes in California.


22 posted on 03/21/2014 9:42:57 AM PDT by ridesthemiles
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To: cicero2k

Texas is now the leading tech product producing state in America.
When you support a low or no educated illegal immigrates to move to California and obsessively tax private sector workers to carry the illegal immigration and government sloths around; those who are doing the carrying leave.


23 posted on 03/21/2014 9:52:24 AM PDT by Kozy
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To: txrefugee

Well you won’t have to worry about me. I’d never leave ca. I’m staying right here until the leftist aholes have all left for Texas.


24 posted on 03/21/2014 11:39:43 AM PDT by skeeter
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