eNews Update | January 2016 | www.clean-economy.org   |
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Also in December, two reports were released that demonstrate California's clean energy and climate policies are paying off. Alliance member Next 10 released California New Business Creation, a report that finds California near the top of many key state-by-state rankings, including both new-business expansion and small business growth. You can read more about the report below.
Additionally, the Pacific Coast Collaborative released its West Coast Clean Economy Report which shows that between 2010 and 2014, California added 71,000 clean economy jobs, while the state's clean economy GDP grew by more than 32 percent. You can read my recent blogpost on the report below.
~Susan Frank
Director, California Business Alliance
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San Jose Mercury News - December 21
The Economist - December 12
Sacramento Bee - December 11
Los Angeles Times - December 8
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California Means Business (CMB)
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
Click here to read more CMB news.
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 Featured Blog
by Susan Frank, Director, California Business Alliance for a Clean Economy
December 2, 2015
It's validating to read a report that mirrors what we have been saying for years - that California's clean energy policies are paying dividends for residents, businesses and workers. In West Coast Clean Economy: 2010-2014 Jobs Update it is clear that California is helping to foster a growing clean economy throughout the West Coast in conjunction with Oregon, Washington and British Columbia. The report, commissioned by the Pacific Coast Collaborative (PCC) and completed by The Delphi Group, shows that between 2010 and 2014, California added 71,000 clean economy jobs for a total of 368,200. This represents a 24 percent jobs increase since 2010, while the state's clean economy GDP grew by more than 32 percent. It is reports like these that provide justification for the work we do at the CA Business Alliance on behalf of our 1,300 member companies, business associations and chambers of commerce.
Read the full blogpost here.
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Featured Report
Data tells the story: California is a good place to do business.
California has long been characterized as a state that is unfriendly to business, from the Tax Foundation ranking California number 48 out of 50 states based on business tax rates, to the Wall Street Journal publishing op-eds describing how California drives away jobs and businesses. California New Business Creation offers a broader examination of business and labor indicators, relying on the U.S. Census Bureau's Business Dynamic Statistics to calculate exactly where California ranks compared to other states.
The report finds California near the top of many key state-by-state rankings, including both new-business expansion and small business growth. California is creating jobs faster than the national average, and while plenty of those new jobs are with existing businesses, many are with new firms.
The report finds that in 2013, California ranked: - 4th in job creation stemming from new business creation, with a growth rate of 5.5 percent
- 5th in creation of new businesses
- 10th in highest entry rate of small businesses with one to four employees, with small firms representing 19.1 percent of new enterprises
- 4th in total net job creation
Further evidence the Golden State is above average when it comes to business and labor indicators comes from Compare50.org, the first-of-its-kind website that provides one-stop-shop access to over 100 big-data metrics for all 50 states. Created by Next 10 with data compiled by Beacon Economics, it shows strong growth for new and existing businesses alike.
Read the full report here.
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Featured Competition
The U.S. Green Building Council-Los Angeles (USGBC-LA) Chapter is launching a competition to create a Legacy Project, to be unveiled during Greenbuild International Conference & Expo, October 5-7, 2016 in Los Angeles.
The Greenbuild LA Legacy Project, which will be built, is a gift from the national USGBC and USGBC-LA Host Chapter to Los Angeles for hosting the conference and will be a permanent and enduring means of service, education and thanks to the local community. The Request for Proposal (RFP) can be accessed at https://usgbc-la.wazoku.com/ with the due date of January 27, 2016. The project must be completed, (i.e. built and delivered) by September 1, 2016.
Along with the Legacy Project, people also have the opportunity to submit Spotlight Ideas, ideas that serve similar goals to the Legacy Project, but may not yet be feasible or deliverable. Spotlight Ideas submitted to the website are intended to encourage people to dream and help foster, support and grow great Legacy Project ideas into full RFP submissions through community engagement. Selected standout ideas will be eligible to showcase at Greenbuild 2016. To submit an idea, see due dates and criteria, and learn how to build support, please visit https://usgbc-la.wazoku.com/.
For more information, visit here.
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Featured Event
VENTURE SUMMIT|WEST
March 1-2, 2016
Mountain View, CA
The fourth annual Venture Summit West, presented by youngStartup Ventures, is the premier industry gathering connecting venture capitalists, corporate VCs, angel investors, technology transfer professionals, senior executives of early stage and emerging growth companies, university researchers, incubators and premier service providers.
Whether you are an investor seeking access to new early stage deals, or a CEO or Founder of a new venture looking for funding, visibility and growth, Venture Summit West is one event you won't want to miss. To learn more, visit here.
To register and receive a 10% discount, enter CBACEVIP here.
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Best,
Susan Frank
Director, California Business Alliance
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CALENDAR AT A GLANCE
March 8-10
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April 29
(Los Angeles)
May 1-4
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