In Annual “Top States for Business” Report, California Gets “F” for Cost of Living and Business Friendliness

By Joe W. Bowers Jr. and Edward Henderson | California Black Media

Every year CNBC releases a “Top States for Business” ranking.

The network evaluated all 50 states on 86 metrics across 10 broad categories of competitiveness. Each category was weighted based on how frequently states used it as a selling point to attract potential residents and businesses. The metrics were scored on a scale of 2,500 points and the states with the highest scores made the list.

California gained top rankings in ‘Access to Capital’ and ‘Technology & Innovation’. However, the state received F rankings in ‘Business Friendliness’ and ‘Cost of Living’. Overall, California ranked number 25 in the study.

“Our overall ranking should come as no surprise to the governor and Legislature, who continue to push higher taxes, fees, and expensive regulations onto businesses,” said Rob Lapsley, president of the California Business Roundtable.

“The governor and Legislature’s policies continue to give clear signals that California is not a friendly place to expand or grow jobs,” Lapsley added.

Author: Wallace