According to CNBC, Virginia is now the 4th best state in which to do business. Only a year ago, the Commonwealth broke back into the top ten, being dubbed #7. CNBC largely attributes the prominent ranking to education and a recent reduction in regulations, stating, “Not only does [Virginia] have the educated, available workforce that employers demand, it has also become a leader in business friendliness with the passage earlier this year of a bipartisan regulatory reform bill aimed at reducing regulations by 25 percent in the next three years.”

In response to the Commonwealth’s recent recognition as a promoter of good business, Governor Ralph Northam said, “This upgraded ranking affirms our move to make 21st-century workforce development a cabinet-level priority and our bipartisan agreement to streamline regulatory requirements facing hard-working Virginians.”

This “business friendliness” has also been acknowledged on other credible lists, such as Forbes’ annual “Best States for Business” ranking, on which Virginia was most recently named #5.

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