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Home / The Survey Says… California is Worst state for BusinessThe Survey Says… California is Worst state for Business
Last Updated on Friday, 6 May 2011 01:30 Written by rslcpol Friday, 6 May 2011 01:30
On the flip side, Texas ranks first followed by North Carolina, Florida, Tennessee and Georgia.
From The Sacramento Bee:
Many of the nation’s top business executives apparently have no love for California.
For the seventh year in a row, a survey of chief executives has ranked the Golden State as the nation’s worst in which to do business.
More than 500 U.S. CEOs polled by Greenwich, Conn.-based Chief Executive magazine based their opinions on numerous factors, including regulations, tax policies, work force quality, education resources, quality of living and infrastructure.
“ABC – Anywhere But California,” said T.J. Rodgers, CEO of Cypress Semiconductor, a $668 million chip-making firm in San Jose. “It’s expensive, it’s hostile to business and environmental regulations are more of a drag on business than protecting the environment.”
Cypress Semiconductor, which also has overseas operations, said it once had 1,500 workers in California but is now down to about 600.