California Business Minute™

The California Redevelopment Association, CRA provides legislative
advocacy, professional development and public education.  In support
of its members it responds to legislative proposals and administrative
regulations.

For further information, contact us www.calredevelop.org or at 916-448-8760

Hi, I am Tim Johnson and welcome to the California Business Minute.

According to a newly released report by the Washington D.C. based non-profit
group the American Legislative Exchange Council, the Golden State remains
in the bottom 10 in the nation ( ranked 43rd,  up from 41st in 2008) in the
report – Rich States, Poor States: ALEC-Laffer State Economic competitiveness
Index. 

The report completed in part by former Californian and economist Art Laffer
cites California’s high taxes, labor policies and a dysfunctional tort liability
system as damaging to business.  It also noted that California’s new tax increases
are sure to make the state even less competitive in the future.

The top five ranking states are Utah, Colorado, Arizona, Virginia and South Dakota.
The bottom five are: New Jersey, Maine, Rhode Island, Vermont and New York. 

To see the rest of the rankings, the full report can be seen at www.ALEC.org .
Go to their Homepage, scroll down until you see the book cover of the report,
and then click on to view it.  It is however not user friendly.

I am Tim Johnson and this has been the California Business Minute.