Business and Industry

Silicon Valley May Lose Business to Austin, Seattle Over CA Policies

The state almost seems to be pushing people out

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Silicon Valley's economy seems to be recovering more quickly than the rest of the nation's, with employers hiring and venture capitalists offering sunny predictions. There's even a new reality show based here.

It may not last. A new analysis of how business-friendly states are—released today by the nonpartisan Tax Foundation—shows that California is way at the bottom. The Golden State ranks a dismal 48 out of 50.