From the agricultural plains of the Central Valley to the beautiful Pacific coastline and everything in-between, there is no better place to live, work or invest than California. It is the eighth largest economy in the world, home to fifty-seven Fortune 500 companies and, according to Dow Jones Venture Source, leads the nation in venture capital: drawing 40 percent of the deals nationwide – 3.5 times as many as the next highest state.
But California cannot rest on its laurels and rely on sunken investment as an economic development strategy. Now, more than ever, we face increased competition from all over the globe. California must meet this challenge by building on our strengths and understanding our weaknesses.