New-Business Incorporations On Fast Pace In California

According to a recent study, the rate of new business incorporation in California is at its fastest pace since 1989, providing evidence of the state's improving economy. With a 5.1% increase from last year, 13,075 new businesses registered with the state from April to June. CDB Infotek reports that these figures represent the seventh consecutive quarter of increases for the state in new-business incorporations. The only discouraging aspect of CDB's report comes from the low 0.1% increase in Los Angeles County. Nevertheless, like the rest of the state, Los Angeles is also having its best year since 1989.

Volume 4, Bulletin 24, July 10, 1997