Entrepreneurs looking to incorporate in California may be encouraged by a Citibank study released this week, which found 54 percent of the state's small business owners believe 2011 will be better than last year, while 36 percent believe the economy will remain level. Only 10 percent of California's small businesses believe conditions will deteriorate.
"Small businesses are the largest source of jobs in the state of California, and their growing optimism represents an incredibly positive development," said Rebecca Macieira-Kaufmann, president of Citibank California.
The survey also found 34 percent of the state's small business owners believe they are in a better situation than a year ago - a figure that contrasts slightly with California's fiscal stance.
Currently, the Golden State is grappling with a $28 billion deficit, as well as finding itself on the defence over landmark legislation calling for greater investment in the state's burgeoning renewable energy sector.
Meanwhile, Congress recently introduced the Free Industry Act, which would curb powers of the Environmental Protection Agency to regulate greenhouse gas emissions - a bill that could have far-reaching effects on California.
Tags : ca, operations, small business management, taxes
Posted: Feb 17th, 2011