Three years ago, California lost its #1 status as the state with the most new private business funding — Texas took over the top spot. Since then the disparity between the two states has grown dramatically. In 2013, $87.4 billion was invested in Texas by private equity funds. California businesses received $54 billion.
This spread is more important when one considers the population of these two mega-states:
Hence even with California having a population 44.9% bigger than Texas, Texas businesses scored 61.8% more private investment dollars.
Stated differently (and more starkly), Texas received $3,304 of new investment per capita, while California… Read More