California has always been a magnet for entrepreneurs, innovators and investors. Our economy has been defined by a simple but powerful mindset – we innovate because we imagine, we grow because we innovate.
This fundamental mentality has drawn innovators and entrepreneurs from every corner of the globe to California seeking success. New business startups from 1992 to 2000 were the backbone of California’s economy, creating 770,000 more jobs from startups than it lost to business closures.
However, since 2000, the strength of small business and entrepreneurial startups has dissipated, and California’s job fortune has reversed – California lost 262,000 more jobs to business closures than it gained from startups.
To read the full, original article click on this link: What America can learn from California’s economy | UTSanDiego.com
