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

Rank Category Score
4 OVERALL 1569
34 Cost of Doing Business 161
3 Workforce 304
19 Quality of Life 190
13 Economy 208
20 Infrastructure 207
15 Technology & Innovation 141
6 Education 147
5 Business Friendliness 116
13 Access to Capital 77
33 Cost of Living 18

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