California
Top State for Business in 2023: California
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California Scores and Rankings
| Category | 2023 score | 2023 rank | 2022 Rank | 2023 grade |
|---|---|---|---|---|
| Labor force | 241 | 12 | 16 | B. |
| infrastructure | 205 | 26 | twenty five | C+ |
| economic | 152 | 37 | 17 | D+ |
| life, health and inclusion | 207 | 19 | 26 | C+ |
| business cost | 83 | 45 | 48 | D. |
| technology and innovation | 235 | 1 | 1 | A+ |
| business friendly | 53 | 47 | 48 | F. |
| education | 78 | 9 | 11 | B+ |
| access to capital | 49 | 1 | 1 | A+ |
| Cost of living | Four | 49 | 48 | F. |
| whole | 1307 | twenty five | 29 |
economic profile
Governor: Gavin Newsom, Democrat
Population: 39,029,342
GDP Growth (Q1 2023): 1.20%
Unemployment rate (May 2023): 4.50%
Maximum corporate tax rate: 8.84%
Maximum personal income tax rate: 12.30%
Gas tax: 86.55 cents/gallon
Bond Rating (Moody’s/S&P): Aa2, Stable/AA-, Positive
Economic Profile Sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (includes 18.40 cents/gallon federal tax), Moody’s Investors Service, S&P Global Market Intelligence
https://www.cnbc.com/2023/07/11/top-states-for-business-california.html Top State for Business in 2023: California
