According to Forbes Magazine the State of Virginia ranked #1 as top state for business!
June 9, 2009
Virginia has done it again. For the second year in a row, the Commonwealth led the nation in Forbes.com’s “Best State for Business” ranking. And that’s not all. In the same week, CNBC, the leading financial news cable channel that reaches influential business and financial leaders around the world, designated Virginia its “Top State for Business.” “It is gratifying to see our state applauded by internationally respected financial media organizations such as CNBC and Forbes.com,” said Virginia Governor Timothy M. Kaine. “These rankings are significant. As a result of responsible management and bipartisan leadership, the Commonwealth’s positive business climate and quality workforce has again been validated and showcased before a global audience.”
CNBC evaluated each state on 40 different measures of competitiveness in 10 broad categories: cost of doing business; workforce; economy; education; quality of life; technology and innovation; transportation; cost of living; business friendliness; and access to capital.
“Virginia didn’t just stand out in one or two areas—it was solid across the board,” said CNBC Senior Correspondent Scott Cohn, during the live announcement at Northrop Grumman shipyard in Newport News, Virginia. “More than any state, Virginia offers a more complete package for business. It finished in the top 15 in all but two of our categories,” said Cohn. “According to our study, there are very few weak spots for business in Virginia.”
Forbes.com, the official Internet site of the Forbes family of business publications, ranked Virginia the Best State for Business for a second straight year. The review examines multiple objective measurements, including business costs, regulatory climate, quality of the workforce, and economic growth. Virginia finished in the top 10 in four of the six main categories, including regulatory environment (1st), quality of its workforce (5th), overall quality of life (6th), and prospects for growth (8th).
Virginia dominated the rankings, coming in at #1 according to CNBC and Forbes.com.
Key Business Stats for Virginia:
- Overall business costs in Virginia are 9% lower than the national average according, to Forbes.com.
- CNBC reports that Virginia’s legal and regulatory framework are one of the most “business-friendly” in the nation.
- Virginia’s tax and energy costs are the seventh and ninth lowest in the nation, as reported by Forbes.com.
- Forbes.com reports that Worker Compensation costs are 47% below the national average.
Use the following links and small business startup resources as a guide for starting a small business in Virginia, find Virginia Small Business Administration Offices - Virginia SBA, Virginia Small Business Development Centers - Virginia SBDC, Virginia business incubators, Virginia State Government websites such as Virginia Secretary of State, Top Business Banks and Lenders in Virginia to obtain Financing for your business, Virginia State Demographics for market research, and to find necessary Virginia Business Forms and Legal Forms.
- SBA, SBDC offices, Small Business Centers & Start-up Resources in Virginia
- Virginia Government Resources, Demographics, Profiles
- Top Banks, Business Loan & Financing Resources in Virginia
- Virginia Business Forms and Real Estate Forms
- Virginia Legal Forms, Agreements, Legal Contracts
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Good luck.
Comment by David Tull — June 9, 2009 @ 12:46 pm
[...] Read the rest of this great post here [...]
Pingback by Business News » Blog Archive » According to Forbes Magazine the State of Virginia ranked #1 as … — June 16, 2009 @ 8:58 am
Mr. Ayers - excellent comments; we in central VA know these things to be true and as real estate pro 36 years we work very long to make life-style and business dreams come true-
Gil
800.550.2440×2
Comment by Gil Miles — September 8, 2009 @ 10:58 am