Virginia Continues its Rise as One of the Best States for Business
July 13, 2018
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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