-
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

Two Of The Best US Hospitals Are In Hampton Roads
And one of those hospitals is in the top 100.
More Stories
Virginia Beach Again One Of The Best Places For Outdoor Enthusiasts To Live And Work
SmartAsset created this year’s list by comparing 96 of the...
Hampton University Announces Raises For All Employees
Made possible by a very large gift.
Weather
Donate to TheVBJ!
More

Virginia Senate Passes Bill To Require Free Menstrual Products At Schools
The bill, SB 232, requires schools for grades 5-12 to provide free tampons and pads for children…

Virginia Has The Country’s 4th Best School System
Virginia secured this solid result by having received the second highest score in the “Safety” category this year, and the fifth highest in “Quality.”