CNBC rates Virginia as best state for business

cnbcVirginia is back at the top of the list in the CNBC Top States for Business, the fourth time the Commonwealth has taken the top spot.

The CNBC study scores all 50 states on 64 metrics across 10 categories of competitiveness. The methodology grades the states based on the qualities they deem most important in attracting business. To do that, CNBC assigns a weight to each of the ten categories by analyzing every state’s economic development marketing materials. The more frequently a selling point appears, the more weight it carries in the study.

The CNBC review had Virginia boasting the nation’s best workforce, including the fourth-highest concentration of science, technology, education and math (STEM) workers, and ranked Virginia’s education system the best in the nation.

“Virginia has come back in a big way by focusing on what businesses prize most these days—workforce,” said CNBC Special Correspondent Scott Cohn. “The state is also cutting red tape. It doesn’t hurt that the U.S. defense budget is rising—military spending accounts for a larger portion of the economy in Virginia than in any other state.”

CNBC Digital offers a detailed analysis of how Virginia claimed the top spot including a complete economic snapshot (employment, budget, tax and housing data).  The rankings for all 50 states are available at  In addition, the site also has exclusive stories, lists and videos including the best and worst states to live in, the least and most expensive states in 2019, among others.

This year’s report also includes in-depth coverage—including exclusive new details—on two of the most significant economic development deals in recent memory: Amazon’s $2.5 billion second headquarters to be located in Virginia and electronics manufacturer Foxconn’s $10 billion manufacturing and technology complex in Wisconsin.

“Both of these projects embody the issues we explore in our Top States coverage every year, including the push and pull between economic development and taxpayer dollars,” Cohn said.

Virginia had previously been listed as the top state for business by CNBC in 2007, 2009 and 2011.


UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Feedback from buyers: “Got the Book in the Mail Saturday, and could not put it down! Great read and great photography as well! Love all of the books I’ve received, but hands down, this is my favorite!” – Russell

Buy here.

augusta free press news
augusta free press news
augusta free press news