Business Facilities has ranked Virginia best in the nation in economic growth potential in its 2011 State Rankings Report. The rankings are based on an assessment of incentives programs, availability of a skilled workforce, growth strategy, cooperation between business, government and higher education and the growth potential of the location’s targeted industries.
The report cites Gov. Bob McDonnell’s Executive Order No. 1, which established the Chief Jobs Creation Officer and the Economic Development and Jobs Creation Commission, saying, “In one of his first acts after he became the state’s chief executive last year, Gov. Bob McDonnell issued an executive order creating a state Economic Development and Jobs Creation Commission as part of his mission to improve the state’s business climate.”
The Economic Growth Potential in Business Facilities’ 2011 State Rankings Report is available online at www.businessfacilities.com/news/2011-rankings-report-va-la-top-field-in-growth-potential.php.
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