Michael Marion of Drexel University Sacramento shares why he thinks Sacramento could learn a thing or two from Nashville; big companies create their own insurance carriers; and how undoing Prop. 13 might be bad for business in California.
Rick Schubert is settling in to the part of bee season that didn’t exist when he opened Bee Happy Apiary with 300 hives in 1977. It’s mid-September, and at headquarters, tucked in the dusty hills off a private road in Vacaville, the faint humming of honey bees serves as background buzz to the voices of men.
One thing became clear during the Metro Chamber’s 2014 Study Mission: Nashville’s business community is highly invested in educational opportunities and outcomes. The city’s education system has benefited by leveraging resources from the business community. The business community in turn benefits from workforce quality and retention, which is an ideal model for the Sacramento region to emulate.
Nationwide, captives are growing fast. In 2012, 18 new U.S. group captives were formed, the highest level since 2007. But buying into a captive puts both rewards and risks into the hands of business owners.
California’s business climate is well-known for being unfriendly. CEO Magazine has rated California as the worst state in which to do business for more than eight years running. Undoing Proposition 13’s provisions, as is currently being proposed, will make a big problem even worse by increasing taxes on the very businesses that create jobs and contribute to our economy.