Last year, California lost 4,600 businesses, plummeting to the bottom of an annual survey that calculates job creation among the 50 states.
The survey, published by Economic Modeling Specialists Inc., analyzes employment and wage information accumulated quarterly by the U.S. Bureau of Labor Statistics. Three years ago, California topped the list, when 32,829 businesses were established. Even when the recession hit, California still was able to attract and retain businesses – two years ago, the state had a net gain of 12,529 businesses.
The Los Angeles Times reported: "Entrepreneurs often complain about stringent environmental regulations and government red tape in California as obstacles to doing business. Those things become more of a burden during bad economic times, said Hank Robinson, chief economist for EMSI." (Source: The Los Angeles Times, August 24.)
August 29, 2011
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