The Shadow
RICHMOND — Forbes.-com has named Virginia America’s “Best State for Business.” The commonwealth reclaims the title after being awarded the No. 2 ranking from 2010-2012.
Virginia finished in the top five in four of the study’s six categories, the only state with such a strong across-the-board showing.
“Virginia is the best state in America for business. Our desirable business climate continues to be recognized by prestigious, independent third parties like Forbes.com, and we are thrilled to regain the No. 1 spot as ‘Best State for Business.’ This award is a great testament to the commonwealth’s transportation infrastructure, education system, skilled workforce, regulatory environment and excellent quality of life, all of which lead to strong economic growth,” said Bob McDonnell.
North Dakota was ranked second by Forbes.com, followed by Utah, North Carolina, and Colorado. Nebraska, Texas, Minnesota, Washington and Georgia rounded out the top 10 list.
The Forbes.com ranking considers states’ business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life.
Virginia finished in the top five in four of the study’s six categories, including first in regulatory climate because of the state’s business-friendly government policies.
Forbes.com says Virginia’s diverse economy, strong workforce and pro-business regulatory framework propelled it to the No. 1 spot.
