Viewing blog posts written by Gino DiCaro


Six rankings indicating California's investment climate

Posted by Gino DiCaro, VP, Communications on Jan. 25, 2019

Site Selection Magazine recently released its “State of the States” report, a guided tour of economic development laws, leaders, policies, indicators and projects from last year. The compendium includes six rankings for each state in the following (with California’s rank in parentheses):

  • (49th) Business Tax Climate
  • (1st)  Higher Education
  • (19th) National Career Readiness Certificates
  • (49th) Workers’ Compensation Premium Rate
  • (47th) Industrial Electricity Power Costs
  • (42nd) Fiscal Condition Index

These are some of the critical datapoints and indicators that drive specific site selection for companies looking to scale up long-term manufacturing across the country. The low rankings certainly play a role in California’s lag in the national manufacturing resurgence. There is no doubt we are highly successful at researching and developing and innovating products, with our tremendous University institutions, but we must make what innovate. It's time to improve California's business climate for long term manufacturing investment and to make way for the economic opportunites that come with those investments.

Link to California's report

Link to State of the States clearinghouse of 50 states





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