California continues rise as ‘economic powerhouse’
Friday, July 20, 2018
California’s grades on the 2018 Manufacturing and Logistics Report Card don’t look overly impressive: There’s just a single “A,” lots of “Cs,” even a “D.”
No, California won’t be this year’s valedictorian. But, the Golden State is among the most improved of the class.
Bolstered by improvements in four of nine categories – highlighted by a significant advancement in tax climate, long considered one of the state’s greatest weaknesses in business growth and retention – California is solidly positioning itself as “an economic powerhouse for years to come,” according to Michael Hicks, director of the Indiana-based center that produces the annual report that grades all 50 states.