California's Small Businesses Are Struggling

Date: May 03, 2017

After decades of unfriendly policy, California’s hazardous small business economic climate continues to garner national attention.

According to a new study from WalletHub, the state is home to some of the worst cities in the nation for small business. The website’s “2017’s Best & Worst Small Cities to Start a Business” survey looked at 1,261 cities around the country with a population between 25,000 and 100,000. Each city was then ranked on three major levels: business environment, access to resources, and business costs.

“Many small cities in California are still struggling from an economic standpoint and have not fully recovered from the recession,” Jill Gonzalez, an analyst with WalletHub, told Inc. “While some northern cities are still recruiting top talent, many Southern California cities are not as fortunate in the startup department. The businesses in these small cities have declining revenue and little to no industry variety,” she added.

For starters, the nation’s five least-educated workforces are all in California, according to the report: Bell Gardens (No. 1,257); Soledad (1,258); Maywood (1,259); Coachella (1,260); and Wasco (1,261).

The state is also home to the nation’s most expensive office space, from Cupertino to West Hollywood. And two cities—Saratoga and Los Altos—have some of the nation’s highest labor costs.

To read the full report, and see how your city stacks up, click here.

 

 

 

Related Content: Small Business News | California | Economy

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today
1-800-634-2669

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy