California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

California was ranked 20th overall in Site Selection magazine’s 2011 Top
Business Climate rankings.

However, based on a variety of categories, the Golden State was beaten and
bloodied in the individual categories.   For example, California ranked 47th
among the states in the number of new company relocations per million population
and the state’s tax climate was ranked 49th and the state’s competitiveness
ranks 37th. However California was ranked 11th overall in the category ranked
by executives.  Strange given that CEO magazine ranked the state dead last.

Texas ranks first on both halves of the ranking, beating out North Carolina,
which topped the list in nine out of the last 10 years, Site Selection magazine
reports. Business executives reported that the Lone Star State is "pro-business
and entrepreneurial," "willingness to work with business" and "to fight OSHA,
EPA and other useless regulations."  The magazine says," Texas is the place to
be for business and industry. Companies are flocking to the Lone Star State...
40% of the new U.S. jobs created since June 2009 were created in Texas."

However, in the 12 months ended August, 2011, although Texas was first creating
253,200 jobs in the nation, California was second with 171,300 jobs according to
the publication.

Apparently, the Golden State is turning its economy and quickly and it just
depends who the executives are that are surveyed.

See http://www.siteselection.com/issues/2011/nov/cover.cfm

I am Tim Johnson and this has been the California Business Minute.