Monday, 30 September 2024

New survey shows business has continued concerns about state’s economy

The California Business Roundtable has 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 62 percent rating California’s economy worse than the rest of the country and 69 percent 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 26 percent say the results of the 2012 election will have a positive impact on expanding investment and jobs in California while 51 percent say it will have a negative impact.

“The overall outlook for 2013 is clearly one of caution regarding jobs and investment with 24 percent of California companies surveyed planning to add jobs, 16 percent planning to cut jobs and 55 percent 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 Nov. 7 through Dec. 26, 2012, with 1,142 business leaders from both large and small business across the state participating.

A copy of the complete survey results can be viewed at www.cbrt.org .

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