California is the worst place to do business, Texas is the best, study finds

Texas, Florida and North Carolina provide restaurant operators and other businesses with the best environment to prosper, while California, New York and Illinois present the most adverse conditions, according to new research.

The top three finishers in the rankings share a pro-growth, anti-tax mentality, while California is flatly anti-business, Chief Executive magazine surmised from a survey of 511 CEOs.

“The good states ask what they can do for you; the bad states ask what they can get from you,” one respondent commented.

Said another, "California and Oregon are essentially anti-business, whereas Texas and Tennessee do everything possible to make business comfortable and more successful.”

Oregon was number 42 on the list, and Tennessee was number four.

California, ranked the worst place to conduct business, is the nation’s largest restaurant market, followed by Texas, Florida, New York and Illinois.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Workforce

Restaurants have a hot opportunity to improve their reputation as employers

Reality Check: New mandates for protecting workers from dangerous on-the-job heat are about to be dropped on restaurants and other employers. The industry could greatly help its labor plight by acting first.

Financing

Some McDonald's customers are doubling up on the discounts

The Bottom Line: In some markets, customers can get the fast-food chain's $5 value meal for $4. The situation illustrates a key rule in the restaurant business: Customers are savvy and will find loopholes.

Financing

Ignore the Red Lobster problem. Sale-leasebacks are not all that bad

The decade-old sale-leaseback at the seafood chain has raised questions about the practice. But experts say it remains a legitimate financing option for operators when done correctly.

Trending

More from our partners