In the 2014-17 period, California added 51,835 companies of all sizes (a 2.3 percent gain); next was Florida, up 49,107 (2.6 percent); Colorado was third up 18,237 (4.0 percent); and Arizona was No. 4, up 18,132 (4.6 percent).
California’s economy benefits from its sheer size and a strong entrepreneurial spirit that’s boosted by a diverse, talented workforce, said Geri Stengel, a research advisor to American Express.
“California is a very innovative state,” she said. “It has more than its fair share of small companies that will be the future.”
The growing roster of California businesses — and expanding payrolls — smartly counters the doom-and-gloomers who think this state is a poor place to do business.