A recent report by CNN listed the 10 most entrepreneurial states; California came in 3rd. This shouldn’t be surprising, even with our budget woes, high unemployment, burdensome regulations and our litigious culture. Many companies with low start-up and overhead costs launch and grow successfully in California. We have a large population of immigrants and long-term unemployed, so many are creating small businesses as a way to earn a living.
On a larger scale, the California Transportation Commission voted to allocate more than $110 Million to two Highway 101 improvement projects in Sonoma and Marin Counties. About $82 Million will fund the construction of a new bridge over the Petaluma River, as well as a new interchange at Petaluma Blvd. South. The Highway 101 work has been planned since 2001 and will be a great improvement for Sonoma County when it is completed.
The US Open Golf Championship is this week at the Olympic Club in San Francisco. I’m excited to report that I will be attending the final day on Sunday with my wife and youngest son, Jeff (who is a great golfer) and his girlfriend, Robin. This event is a great draw for the Bay Area economy.