CALIFORNIA BUSINESS MINUTE
CEO’s Ranking of the States
05-06-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
For the seventh year in a row, CEOs rate Texas as the #1 state in which to do
business and California as the worst. North Carolina maintained its #2 rank,
while Florida increased three positions to the #3 spot. Tennessee fell one slot
from last year to #4 while Georgia climbed two positions to claim the #5 rank.
Chief Executive magazine's annual "Best & Worst States" survey takes the pulse
of CEOs on business conditions around the nation. For the 2011 survey, 550 CEOs
from across the country evaluated the states on a broad range of issues, including
regulations, tax policies, workforce quality, education resources, quality of
living and infrastructure.
CEOs voted California as the worst state in 2011, with New York, Illinois, New Jersey
and Michigan rounding out the bottom five.
"ABC -- Anywhere But California," said T.J. Rodgers, CEO of Cypress Semiconductor,
a $668 million chip maker headquartered in San Jose, California, and with plants
in 10 countries. "It's expensive, it's hostile to business, and environmental
regulations are more of a drag on business than protecting the environment."
Cypress Semiconductor's headcount in California peaked at 1,500. It's now down to
about 600.
I am Tim Johnson and this has been the California Business Minute.
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