CALIFORNIA BUSINESS MINUTE
US Chamber Ranking
11-09-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
The US Chamber of Commerce has released a publication entitled Enterprising
States. It focuses on what makes certain states attractive places to locate,
relocate and expand in this uncertain economy; the unintended consequences of
cutting certain items from a state budget; and what types of investments the
public and private sectors can make now to improve the economy in the future.
The report examined six major categories, Performance, Exports, Innovation &
Entrepreneurship, Workforce, Tax & Regulation and Infrastructure.
Unfortunately for the Golden State, it only ranked in the Top Ten in one of the
major categories – Innovation and Entrepreneurship. This may be due to the fact
that the report relied on percentages rather than aggregate numbers. For example,
last year California lead the nation in combined import/export activity of any
state at $470 billion, but it received no credit in this report for it.
CALIFORNIA’S PLACE IN THE RANKINGS
Performance
7th Economic Output per Job
7th Productivity Growth
19th Gross State Product Growth
Exports
Not ranked
Innovation & Entrepreneurship
1st Academic R&D Intensity
7th STEM Job Concentration
7th Small Business Lending
13th Entrepreneurial Activity
21st High-tech Share of All Businesses
23rd Business Birth Rate
Tax & Regulation
Not ranked
Workforce
8th High School Advanced Placement Intensity
Infrastructure
11th High Speed Broadband Availability
You be the judge. For further information, see the report at the following link:
http://www.uschamber.com/sites/default/files/reports/ES2011-full-doc-web.pdf
I am Tim Johnson and this has been the California Business Minute.
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