CNBC has, again, named Virginia America’s “Top State for Business,” announcing the annual rankings on Thursday.
The honor for the Commonwealth is the sixth in the CNBC rankings, and the second time that the network has named Virginia the “Top State for Business” with a Republican in the governor’s mansion.
A news release from CNBC noted the “billions of federal dollars available from the federal government to build new facilities” giving Virginia the third-best infrastructure in the country, and the state’s public-education system, which ranked number one in this year’s study.
“The state offers first-rate higher education opportunities and has some of the most individualized K-12 instruction in the nation, which appears to be translating to strong test scores,” the CNBC release said.
“With six wins, and three in the last five years, Virginia is our most decorated state. It’s easy to see why,” said CNBC Special Correspondent Scott Cohn, who reported today live from Virginia Beach. “In both Republican and Democratic administrations, the state has shown how much it cares about business, and how carefully it can listen to companies. Plus, year after year, Virginia offers the training, talent and the infrastructure for success.”
Virginia had previously been named America’s “Top State for Business” by CNBC in 2007, 2009, 2011, 2019 and 2021.
“Economic development is a team sport, and Virginia’s made giant strides in business-ready sites, workforce development, regulatory reduction, infrastructure investment and all-of-the-above power solutions. I am thrilled that our great Commonwealth has been named America’s Top State for Business,” Gov. Glenn Youngkin said in a statement on Thursday.
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Chris Graham
