Virginia Called The Best State For Business

Share This

Stay up to date with the latest.

The Old Dominion is again atop the list of best states for business, according to CNBC’s 2021 study. Virginia also won the previous title in 2019 and it’s the fifth time the state has come out on top since the first study in 2007. No other state has won as many times in CNBC’s study.

The states were compared on 85 different factors grouped into 10 different categories. The breakdown for the different categories’ weights:

  • Cost of Doing Business – 400 points
  • Infrastructure – 375 points
  • Life, Health and Inclusion (formerly Quality of Life) – 375 points
  • Workforce – 325 points
  • Economy – 250 points
  • Business Friendliness – 200 points
  • Access to Capital – 175 points
  • Technology and Innovation – 175 points
  • Education – 150 points
  • Cost of Living – 75 points

Virginia was strongest in categories related to education and workforce, with CNBC noting that nearly 39% of the state’s workers have bachelors degrees or higher, and state has the nation’s third highest concentration of STEM workers.

Neighbor North Carolina is second in this year’s study and Maryland placed 12th.

Best States For Business

Share This Story

Email This Story

Picture of Jamelia Todd

Jamelia Todd

More Stories

Most Read

Most Read
  • Celebrate Thanksgiving with Coastal Charm and Community Spirit in Hampton Roads
  • Newport News and Norfolk Among the Best Cities for Workers with Disabilities

More Stories

Weather

Facebook Page: Please enter a valid URL

Donate to TheVBJ!

More

The Virginia Beach Journal

2025

The Author’s Journal
&
A Portal To The World Of

The Virginia Beach Job

falling

By Lewis Woodson

Coming Soon! $1 — 8.99

(Coming Soon!)

summer

Join our mailing list to get exclusive
updates and special offers!

Register

[user_registration_form id=”6165″]