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News & Press: National News

Virginia gets Accolades from Forbes

Monday, September 30, 2013  
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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 placed first in regulatory environment; second in labor supply; fourth in quality of life; fifth in economic climate; 17th in growth prospects; and 22nd in business costs.

 

"A diverse economy, strong workforce and pro-business regulatory climate propels the Old Dominion state to the No. 1 ranking. Virginia ranks first among the states in the regulatory category because of its business-friendly government policies and strong incentive offerings. The tort system is one of the best in the country for businesses, according to the Mercatus Center’s "Freedom in the 50 States,” according to Forbes.com.

 

In the same week Forbes.com also listed Richmond, VA as one of "10 Up and Coming Cities for Entrepreneurs" citing the quality of life and strategic location.


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