No thanks to its unfriendly small business policies, California’s economy grew by 2.8 percent in 2014, according to a new report by the Bureau of Economic Analysis.
California Sees 2.8 Uptick in Economy
No thanks to its unfriendly small business policies, California’s economy grew by 2.8 percent in 2014, according to a new report by the Bureau of Economic Analysis.
The state ranked second to last in the “Far West Region,” trailed only by neighboring Nevada’s 1 percent growth. Oregon lead the region with 3.6 percent growth, followed by Washington’s 3 percent.
For small business owners in the professional, scientific and technical services industries, there was good news: Those sectors made the largest contributions to the state’s GDP growth.
Fueled by an energy boom, North Dakota saw the most growth of any state last year. Meanwhile, only two states across the U.S. didn’t see growth, according to the report: Alaska and Mississippi.
