Report rips California's business climate

From the SacBee:

California firms find doing business here so difficult that 40 percent of those surveyed plan to move some jobs out of state and 50 percent will not add jobs within the state, according to a study released Thursday.
The report, issued by the California Business Roundtable, said the cost of doing business in the state is 30 percent higher than in other Western states, with regulatory costs the biggest culprit...

Business groups frequently issue such warnings, hoping to spur the legislature to cut back on regulations, reduce taxes or otherwise improve the business climate. But William Hauck, president of the Roundtable, said the Bain research was an unbiased effort to document and address the largest impediments to economic growth in the state...

Regulatory costs in California are 106 percent higher than in other Western states, the study also said.

Aren't I cute? Except, it's not just Boxer's and Pelosi's fault, it's pretty much every Democrat in the whole state.

This might just be a "give us what we want, this time we might mean it" report, but, nevertheless, note that regulatory costs are more than twice as much as other Western states. That's not just an additional 6%, that's twice as much plus 6% as a sweetner.

California · Sat, 02/28/2004 - 14:37 · · Importance: 1