27. California

Funding and innovation abound in the Golden State, but you’ll pay dearly for them with high costs and heavy regulation.

2015 Rank
2014 Rank
Workforce 217 26 36
Cost of Doing Business 76 49 48
Infrastructure 181 28 (Tie) 24
Economy 235 7 9
Quality of Life 208 15 (Tie) 23
Technology & Innovation 203 2 1
Education 93 32 (Tie) 26
Business Friendliness 13 50 48
Cost of Living 8 46 47
Access to Capital 50 1 (Tie) 1
Overall 1284 27 32

Economic Profile

Governor: Jerry Brown, Democrat

Population: 38,802,500

GDP growth: 2.8 percent

Unemployment rate (May 2015): 6.4 percent

Top corporate tax rate: 8.84 percent

Top individual income tax rate: 12.3 percent

Gasoline tax: 61 cents/gallon

Bond rating/outlook: A1/stable

Major private employer: Kaiser Permanente

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, San Francisco Center for Economic Development


Latest Special Reports

  • The personal and economic pain from the COVID-19 pandemic is being felt all over the world. As a result of this unprecedented disruption, businesses owners and employees are dealing with an immeasurable level of suffering and facing scenarios they never could have imagined. Through expert analysis and advice from proven business leaders, The Path Forward explores the extraordinary challenges businesses are facing and offers ideas to help owners navigate this global crisis and thrive once again.

  • Automation, AI and machine learning will radically influence the relationship between employers and their workforce.

  • A look at 50 private companies set to reshape the business landscape.