Just for fun, take this little test: name the two states with the worst business climate, and then the two with the best. When you’ve made your picks, check the survey in today’s Wall St. Journal by clicking “MORE…”.
A new survey ranks California and other liberal states as the worst places to do business, and Texas as the best. See this in the
When asked to name three states with the least favorable “business climates,” 57% of 283 executives polled named California — more than the combined similar negative ratings given to the next two states, New York (36%) and Massachusetts (18%). More striking, the survey marks a sharp decline in the rating given California in a similar survey only three years ago.
Andrew Levine, president of Development Counsellors International, a New York-based economic-development marketing firm that conducted the survey, says it is difficult to know exactly why executives turned more negative on California , but he says higher energy costs and rolling blackouts last year “hurt California’s image very badly. It wasn’t just a concern about will you be able to get power in California . … There was finger-pointing going on that hurt corporate America’s confidence in California .”
When Mrs. Bennett asked me to guess the two worst and the two best states, I got them all right. Some things are just obvious.