More than one in five (21%) of California small firms won’t be in business in this state in three years, according to their owners. That’s one finding of the 8th annual small-business survey by Small Business California.And chances are most of them that quit won't be replaced because the business and regulatory climate is so bad and starting a business so expensive that many people simply won't go to the trouble. If they really want to start up something new they'll go to a more friendly state...like any of them that border California.
Furthermore, 65% of respondents said that California is headed in the wrong direction, while just 20% said it’s headed in the right direction. Here’s what passes for good news in the survey: That result is much improved from 2008 when almost 90% of small-business owners said the state was headed in the wrong direction.
“Despite growth in the U.S. economy as a whole, many small-business patrons in California are still not very optimistic about the future,” said Scott Hauge, president and co-founder of Small Business California. “It’s difficult to grow the economy when the chief job creators among us feel restricted.”
Only 3% of respondents rated the state’s economy as good (none rated it “very good”) while 46% rated it poor and 23% very poor.
Monday, March 19, 2012
We can thank the last several governors and the Democrat majorities that have controlled the state for years for this mess:
Posted by Rick Moore on 3/19/2012