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Survey: California is Nation's Least Favorable Business Climate

OAKLAND, CA-A Development Counsellors International survey of about 250 corporate executives finds California has a very bad reputation. More than 50% of respondents listed California the least favorable business climate in the nation.

By Michelle Savage | Updated on September 25, 2002

OAKLAND, CA-A recent survey of corporate executives by the Development Counsellors International reveals that California is perceived to be the least favorable of business climates among U.S. states.

At the Annual International Economic Development Council Annual Conference in Oakland yesterday, members of DCI presented their findings of a recent survey of how corporate executives perceive different regions and states for investment.

According to DCI, the survey asked almost 250 corporate executives with site location responsibilities to measure trends in the most effective strategies and techniques in economic development marketing. The study was first conducted in 1995 and again in 1999. The 2002 survey is a follow-up study to determine changes in the perspectives of these corporate executives.

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