Last year, California lost 4,600 businesses, plummeting to the bottom of an annual survey that calculates job creation among the 50 states.
The survey, published by Economic Modeling Specialists Inc., analyzes employment and wage information accumulated quarterly by the U.S. Bureau of Labor Statistics. Three years ago, California topped the list, when 32,829 businesses were established. Even when the recession hit, California still was able to attract and retain businesses – two years ago, the state had a net gain of 12,529 businesses.
By California Taxpayers Association