California’s economy is growing fast, leaving other states and even the US average behind. In fact, the state has gone from being in debt to having a budget surplus. That translates into good news for business owners and residents.
US News & World Report ranks California first in the US for business environment and fourth for entrepreneurship. An innovation hub, the state attracts small and large businesses and is seen as influential in technology, business, and culture. Its tax incentives for businesses are another powerful draw.
A healthy economy is essential to business success, and California has the the fifth-largest economy in the world. With its increasing productivity, California promises to be an outstanding business environment for years to come.
Home to some of the nation’s top universities, California produces a thriving, educated workforce. In addition to being educated, the labor pool is also diverse. The state attracts talent from all over the world.
Now’s a great time to take advantage of California’s incredible business climate. FranNet’s local experts will guide you through the ins and outs of choosing the right business for you and making the most of California’s many advantages.