Virginia ranked No. 4 on Forbes magazine’s Best States for Business
Forbes released its 13th Best States for Business rankings on November 30, and Virginia ranks 4th in the nation. The Commonwealth does even better when it comes to Regulatory Environment (#1), Quality of Life (#1), and Labor Supply (#3).
Click here to learn more about how Virginia compares to other states around the country in each of Forbes’s metrics: https://www.forbes.com/places/va/
Excerpt from Richmond-Times Dispatch article by Gregory Gilligan on the announcement:
“Virginia has a widely diverse economy that includes local and federal government, military, farming and manufacturing,” Forbes said. “The state scored a big win in 2018 when e-commerce giant Amazon announced plans to locate one of its new headquarters in Arlington County.”
Forbes has rated the business climates of the 50 states annually since 2006, with Virginia finishing five times in the top spot and three times ranking second — from 2006 through 2013. But higher business costs and a declining economic climate have pushed the state lower, Forbes said.
But the state has been on an upswing in recent years.
“We are moving in the right direction,” said Barry DuVal, president and CEO of the Virginia Chamber of Commerce.