CNBC: Virginia this year’s #4 best state for business

virginiaCNBC is ranking Virginia #4 among America’s Top States for Business with a score of 1,569 out of a possible 2,500 points in an exclusive study.

CNBC scores all 50 states on their business competitiveness each year. The Top States methodology weighs 10 major categories based on analysis of state’s economic development plans.

According to the survey, Virginia ranked in the top 10 for Workforce, Education and Business Friendliness.

“We welcome CNBC’s recognition of our administration’s work to make Virginia work better for families and businesses in every corner of our Commonwealth,” said Governor Ralph Northam. “This upgraded ranking affirms our move to make 21st-century workforce development a cabinet-level priority and our bipartisan agreement to streamline regulatory requirements facing hard-working Virginians.

“The budget I signed weeks ago will continue the Commonwealth’s positive economic trajectory: creating jobs and strengthening our workforce by expanding health care access, deepening our investments in core economic priorities like education and career training, and strengthening the cash reserves we need for the next economic downturn. I look forward to building on this momentum and returning Virginia to its rightful place at the top of the list.”

Virginia

RankCategoryScore
4OVERALL1569
34Cost of Doing Business161
3Workforce304
19Quality of Life190
13Economy208
20Infrastructure207
15Technology & Innovation141
6Education147
5Business Friendliness116
13Access to Capital77
33Cost of Living18
 
augusta free press

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