CNBC has named Virginia its “Best State for Business” this year. This best-in-the-nation ranking was based on a wide range of factors, from workforce quality to broadband infrastructure. Virginia received CNBC’s top ranking in 2007 and was ranked second in 2008. This is the fourth time in the last month that Virginia has received national acclaim as a top place to do business.
According to CNBC, Virginia has the 7th best economy nationally in 2009, up from 17th in 2008. The business channel also cited Virginia’s reasonable sales, personal income and corporate tax rates as key contributors to Virginia’s ranking as America’s Best State for Business, 2009. Since January 2008, Virginia has attracted $6.58 billion in investment and created 30,856 new jobs.