California plunges to bottom in new business creation

From 2001 to 2009, California ranked either first or second in the nation in creating businesses. But last year, the state plummeted to 50th as it lost 4,600 businesses, according to a study by Economic Modeling Specialists Inc.

California was among 29 states that saw a drop in net new businesses, according to the study, which calculates net new business creation by using the quarterly employment and wage information from the Bureau of Labor Statistics.

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