-
Jamelia Todd
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
- Virginia
- North Carolina
- Utah
- Texas
- Tennessee
- Georgia
- Minnesota
- Colorado
- Washington
- Ohio
Share This Story
Email This Story
Jamelia Todd
More Stories
Virginia Beach Called America’s Safest Big City
AdvisorSmith looks into federal crime database info.
Most Read
Most Read
More Stories
Chesapeake And Virginia Beach Among The Best Cities For Work-Life Balance
CoworkingCafe compared the work-life balance of U.S. cities with populations...
Pharrell’s Atlantic Park Scheduled To Begin Construction This Year
The city demolished the landmark Dome venue at the corner...
Weather
Donate to TheVBJ!
More
Beach Vacation On A Budget
From the premium prices of beachfront accommodations and the allure of seaside dining…
Hampton Roads Is One Of The Cleanest Places To Live In The US
The yearly study found that Hampton Roads was one of ten US locations with the combination of low year-round particle pollution, zero days for high particle pollution, and zero days for high ozone.
