California's business climate ranks a below-average No. 30 nationally, reflecting significant executive criticism stemming from its pro-consumer policies and tax burdens.
The Tax Foundation indicated California ranks third-worst for business taxation, following New Jersey and New York, highlighting the significant financial burden faced by corporations.
US News placed California fourth-worst in terms of economic and opportunity scores, underscoring the challenges the state poses for businesses seeking a favorable environment.
In the Rich States/Poor States report, California's average rank was ninth-lowest, suggesting its economic performance and business climate are not competitive compared to others.
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