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Dec 3, 2021 · California’s small businesses waded through COVID to a rebound in consumer spending, only to face rising costs for supplies and wages.
Apr 30, 2024 · The economic reality in California is darkened by data that leave no doubt as to their human impact: As of March 2024, California has the nation’s highest unemployment, lowest job growth, lowest income growth and the highest poverty rate.
1 day ago · California is the 5th largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% since the year prior, according to the U.S. Bureau of Economic Analysis. On a per capita basis, California is the second largest economy in the world among large economies.
- Pamela Kan
- Small Businesses-Focused. According to Business News Daily, small businesses make up 99.8% of all businesses within California and employ 48.8% of the state's workforce, making them a vital part of the state economy.
- Strong Economy. California is the fifth-largest economy in the world. Don’t skim over that statistic. This one state is in the top five largest economies in the world.
- Access To A Strong Customer Base. California is the most populated state in the country, with 39 million-plus residents. No matter what type of business someone is running, from consumer to B2B, that is a significant number of possible customers.
- Access To Top Talent. California is home to some of the most respected schools in the world, and doing business here can often give a company the top pick of graduates.
1 day ago · Like with so many other things, Chang and Lee reported, California’s lack of affordability makes things worse. “The cost of borrowing, whether for mortgages, credit cards or car loans, is the ...
Feb 2, 2021 · Despite a grim economy, applications for new business licenses are on the rise: In California, 442,324 were filed in 2020, a 21.7% increase from the year before, according to an analysis of data that the U.S. Census Bureau developed with economists and the federal reserve.
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Jul 14, 2021 · California small business owners are still dealing with pandemic fallout and marginalized groups face additional obstacles to loans.
