CALIFORNIA CRANKS OUT NEW BUSINESS AND JOBS DESPITE CRITICISM

California has spawned new businesses at one of the fastest rates in the nation over the last decade, and faster than the U.S. economy overall, the report found. The state is also a leader in job creation tied to those new businesses: In 2013, California added jobs from newly established businesses faster than all but four other states.

Los Angeles Times 01/02/16

SURVEY: CALIFORNIA BUSINESS CLIMATE IS BETTER THAN EXPECTED

A recent survey by the non-partisan group Next 10 finds California's business climate may be better than some people say it is. Pro-business and anti-tax groups have long derided California as a state with an unfriendly business climate. But a recent Next 10 report prepared by Beacon Economics finds that's not the case. California's business climate gets high marks for job creation when compared to other states in a new survey put together by Beacon Economics.
KPBS 12/21/2015

CALIFORNIA LEADS NATION IN 'MINORITY-OWNED BUSINESSES'

California - and particularly Los Angeles County - are leading the nation in non-Anglo business ownership, a new Census Bureau report says. The bureau calls them "minority-owned businesses" but in California, Latinos are the largest single ethnic group and non-Latino whites are less than 40 percent of the population.
Sacramento Bee 12/15/2015

STATE'S ECONOMY IS DOING WELL

There is a fierce debate about whether or not California is business friendly. Those who believe California is bad for business usually point to our state's high tax rates and regulations. Those who say California is good for business note that our GDP is the eighth largest in the world, and say we are established as a global center of innovation with the world's largest tech firms.

Last year, businesses attracted $28.9 billion in venture capital investment, far and away the most of any state. This could be because we also lead the nation in new patents granted each year. And despite claims that skilled workers are leaving California because of high taxes, the state has actually seen a net positive domestic migration of individuals who earn more than $50,000 annually.
Sacramento Bee 12/14/2015

DEFYING CONVENTIONAL WISDOM, REPORT CALLS CALIFORNIA A GOOD PLACE FOR BUSINESS

Contradicting an entrenched narrative that California is a bad place to start or expand a business, a new report sets out to make a case that the Golden State is a national leader in job creation. The California New Business Creation study uses 2013 U.S. Census Bureau data to show that the state ranks fourth in the nation for job creation and fifth for the creation of new businesses. It comes from Next10, a San Francisco-based pro-renewable energy group, and Beacon Economics, a Los Angeles economic consulting firm.
Sacramento Business Journal 12/10/2015

SIL VALLEY TOPS THE LIST - 50 MOST INNOVATIVE COMPANIES

The Boston Consulting Group released its 10th annual listing of the world's 50 Most Innovative Companies this morning. The list is based on a survey of 1,500 C-suite executives, who were asked to rank companies across industries and within their own industry. It also gives weight to total returns to shareholders over five years.

"Top three on the list - Apple, Google, Tesla - come as no surprise. But it gets interesting after that. Samsung clocked in at a very respectable number 5.
Fortune Magazine 12/02/2015