California Sets the Tone and Reaps Rewards for Businesses, Workers & Citizens.
by Susan Frank, Director, Clean Business Alliance for a Clean Economy
April 1, 2015
It’s ironic how other states’ governors visit California wanting to steal our jobs while at the same time criticizing our state’s policies that contribute to creating the very business climate that has spawned our economic growth. In 2014, California created 498,000 new jobs – more than any other state in the country. California’s broad and diverse economy has helped make our state the 7th largest economy in the world. We lead the nation in the advanced energy industry and manufacturing.
Bloomberg declared California the #1 state to do business in March 2015, with companies in the S&P 500 outperforming the rest of the nation, delivering returns 52% higher than the nearest competitor. Why does California do so well? Bloomberg concludes it’s because places that prepare for big 21st-century challenges, such as climate change, are likely to be the most successful.
California is world-renowned for fostering creativity of entrepreneurs, small businesses, and women-owned companies, and is home to some of the most recognizable large employers on the planet. While other states pay the economic price of shunning diversity and denying the existence of climate change, California has led on policies that embrace clean energy and diversity – and our state and citizenry have benefitted.
We have the most skilled and diverse workforce in the U.S. and that is due in large part to policies that make it an open and welcoming state for people from all backgrounds. This year, California will welcome over 60 million visitors and some of those visitors will eventually become residents, employees and business owners.
So, we lead the nation in job creation. We are creating and implementing clean energy policies that other states and nations are following. We embrace a diverse workforce. We value all of our citizens.
We must be on to something.