CNBC Ranks Virginia No. 2 State for Business

CNBC Ranks Virginia No. 2 State for Business

CNBC released its “Top States for Business 2010” ranking this week, and Virginia was ranked No. 2.  In 2007 and 2009, the commonwealth was listed as No. 1.  Texas came in at No. 1 this year.  The Lone Star State also topped the list in 2008. 

This is CNBC’s fourth annual study, which measures the 50 states on 40 different metrics in 10 key categories including: Cost of Doing Business, Workforce, Quality of Life, Economy, Transportation & Infrastructure; Technology & Innovation; Education; Business Friendliness; Access to Capital; and Cost of Living.

Virginia, which has the third largest port in the country, offers a diverse economy and has many technology and government jobs.  The state’s unemployment rate is below the national average.  Virginia came in second in the “Business Friendliness” category, which measures the states’ legal and regulatory climates.

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