California Ranks No. 4 In Business Cost
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Business Times reports: “Hawaii ranks up there with New York and Massachusetts as the most expensive U.S. states in which to do business, according to the 2005 Milken Institute cost-of-doing-business index, but California is right behind them.”
The Aloha State, which also was No. 1 on last year’s index, has business costs that are 43 percent higher than the national average.
New York came in second place, with costs that are 30 percent higher, and Massachusetts ranked third, with costs that are 25 percent greater than the United States overall. California was No. 4, with costs that are 24 percent higher.
The index is released annually by the Milken Institute, using wage costs, taxes, electricity costs and real estate costs for industrial and office space as measures.
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This entry was posted on Friday, August 12th, 2005 at 7:17 pm and is filed under California, Capitalism, Economy, Sacramento. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.