CALIFORNIA BUSINESS MINUTE
State 4 BiZ
08-03-09
Hi, I am Tim Johnson and welcome to the California Business Minute.
CNBC released its annual ranking of the ‘States Best for Business. The survey
used publicly available data identified 40 different measures of competitiveness.
States received points based on their rankings in each metric. Then, these metrics
were separated into the ten broad categories, with input from business groups
including the National Association of Manufacturers. Then the categories were
weighted based on how frequently each is cited in state economic development
marketing materials. Virginia was ranked #1 and Alaska was ranked #50.
Here are the ten categories ranked in our study: Cost of Doing Business; Workforce;
Quality of Life; Economy; Transportation; Technology & Innovation; Education;
Business Friendliness; Access to Capital and Cost of Living.
CALIFORNIA 2009
Cost of Doing Business 49
Workforce 23
Qualify of Life 19
Economy 12
Transportation 15
Technology & innovation 1
Education 31
Business Friendliness 49
Access to Capital 1
Cost of Living 49
California ranked 32 down from last year’s 25th ranking. California continues
to be ranked low regarding the Cost of Doing Business and Cost of Living and
one we should be absolutely ashamed of, is the low ranking for Business
Friendliness. California fell in the categories in the Quality of Life and
conomy but remained #1 in Technology and innovation and Access to Capital.
California and Texas were the only states that had two number 1 rankings by category
Iowa ranked #1 for Cost of Doing Business
Georgia ranked #1 for Workforce
New Hampshire ranked #1 for Qualify of Life
Texas ranked #1 for Economy
Texas ranked #1 for Transportation
California ranked #1 for Technology and Innovation
Massachusetts ranked #1 for Education
Delaware ranked #1 for Business Friendliness, but ranked 42 overall
California ranked #1 for Access to Capital
Oklahoma ranked #1 for Cost of Living
I am Tim Johnson and this has been the California Business Minute.
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