Virginia has reclaimed its title from Forbes.com as the "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."
In particular, the Town of Herndon has been hard at work rebranding the town and improving conditions in order to attract new business, including the creation of and hiring of its first economic development manager, tasked with doing just that.
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.
TELL US - What do you think of the rating? Do you agree that Virginia is the best state for doing business? What do you think of the Fairfax area in particular for local businesses? Tell us in the comments.
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