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Virginia Reclaims Title as America’s 'Best State for Business'

Do you agree with Forbes.com ranking Virginia as the nation's most business-friendly state?

Small businesses on King Street in Alexandria, Va. (Patch file photo)
Small businesses on King Street in Alexandria, Va. (Patch file photo)

Virginia has reclaimed its title from Forbes.com as "best state for business" after being awarded the No. 2 ranking from 2010 to 2012. 

“It’s an exciting time to be in business – especially in Northern Virginia,” said Jim Corcoran, president and CEO of the Fairfax Chamber of Commerce. “The growth the region has experienced over the past several years has been tremendous. ...The Fairfax Chamber is delighted to serve as the voice of business in Northern Virginia and to continue to work, with many others, to maintain this prestigious honor.”

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.

"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," said Gov. Bob McDonnell in a news release. “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."

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.

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