CEOs rank Calif. worst for business: Texas is Number 1

The Orange County Register reports:

California ranks last among the states and Washington D.C. as a place to do business, according to Chief Executive magazine. It is the second year in a row that the state was given that dubious distinction.

Such assessments are important in the interstate wrestling match for economic growth, Chief Executive notes. “High-stakes competitions for business expansion are nothing new. But with the current unemployment rate, the stakes have gotten much higher. As a result, negotiations for business expansion in 2010 will be more complex and financially significant.”

The publication is so harsh about the California that it calls the state “the Venezuela of North America.”

You'll want to read this article to see where your state ranks. California isn't a compassionate place if you are looking to invest money.