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.
We know these facts are not the only issues that determine economic growth. That inspired the nonpartisan think tank Next 10 to ask the independent research firm Beacon Economics to look further into the question.
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