News & Updates - New Statewide Business Climate Survey Shows Business Has Continued Concerns About State’s Economy; Reveals Need to Pursue Positive Reforms to Improve State’s Economic Outlook

Sacramento, CA – Today, the California Business Roundtable released a statewide survey of 1,142 large and small business leaders across all regions of California and their perspectives on the state’s jobs and business climate. The survey is part of the Roundtable’s ongoing commitment to provide state policymakers with timely and accurate information for economic policy decisions.

The survey found California business leaders still perceive the state to be facing a stagnant economy, with sixty-two percent (62%) rating California’s economy worse than the rest of the country and sixty-nine percent (69%) saying it is harder to do business in California than in other states. Companies with operations in other states were more optimistic on the economy (54%) than California only companies (39%).

The survey also found that twenty-six percent (26%) say the results of the 2012 election will have a positive impact on expanding investment and jobs in California while fifty-one percent (51%) say it will have a negative impact.

“The overall outlook for 2013 is clearly one of caution regarding jobs and investment with twenty-four percent (24%) of California companies planning to add jobs, sixteen percent (16%) planning to cut jobs and fifty-five percent (55%) planning to stay on their current course, said Rob Lapsley, President of the California Business Roundtable.

“The survey also revealed that large and small business leaders continue to be unified in their viewpoints on the need for additional reforms to improve California’s business climate,” “Business leaders specifically cited tax reform, government spending reform and litigation reform when asked about the top reforms that would have the most positive impact on the state’s overall economic climate.” said Lapsley.

The poll was commissioned by the California Business Roundtable and conducted by M4 Strategies. The survey was conducted from November 7 through December 26, 2012 with 1,142 business leaders from both large and small business across the state participating.

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