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California: Not So Nice to Small Businesses, Nicer Than NY
Photo by �?� Jaye via Flickr
The Small Business Survival Index is out and California ranks 48th in "business friendlieness," according to the Orange County Register.Are we really that mean to small business? When ranking the costs that most impact smaller companies, the answer is a resounding yes. The main reason? Taxes, taxes, taxes. Income taxes, capital gains taxes and unemployment taxes in California have not been kind to California small business owners and many are leaving the state for more tax-friendly climates.
California has ranked 49th on the same index for the past four years, Raymond Keating, who compiles the index, was quick to point out that a bump up to the 48th spot doesn't mean we've improved. Our step into 48th "certainly wasn't anything the state did; it's more a case that New York did dumber things."
At a time when our state is in serious financial straits, anytime we can claim we're "less dumb" than New York is something to celebrate. Ah, small victories.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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