Virginia has done it again. CNBC has ranked Virginia America’s 2011 Top State for Business. The review, in its fifth year, ranks states according to 10 broad categories, including the cost of doing business, the strength of the economy, the cost of living and business friendliness. Not only did the Commonwealth win the highest ranking this year, but Virginia also received the highest point total in the history of the rankings, finishing in the top-half of every category ranked. Since the rankings began Virginia has remained a top state, claiming the number one spot in both 2007 and 2009, while receiving second in 2008 and 2010.
Virginia continues as a leading state in the Forbes.com Best State for Business review. The review examines multiple objective measurements, including business cost, regulatory climate, quality of the workforce, and economic growth. Virginia took the top spot in 2006, 2007, 2008, and 2009 and ranked second overall in 2010 and 2011. Forbes.com is the official Internet site of the Forbes family of business publications.
Virginia is ranked the 2011 Top Pro-Business State by Pollina Corporate Real Estate. This is the third consecutive year that Virginia placed first, topping the 2011 ranking by the largest victory margin in the history of the study. The Pollina Corporate Top 10 Pro-Business States study examines 29 factors relative to states’ efforts to be pro-business, and is the most comprehensive examination of states to date. The study is limited to factors over which state government has control. The list reflects state leadership that truly understands the importance of producing the best job opportunities available for their constituents. The state governments at the top of the list understand that they must be very proactive in the international battle to keep and attract jobs. In total, this marks the fifth time the Commonwealth has held the top spot with previous top rankings garnered in 2003, 2007, 2009 and 2010.
Site Selection magazine has named Virginia the winner of its 2011 Competitiveness Award, which recognizes excellence on the part of a state-level economic development group. The Virginia Economic Development Partnership (VEDP) was honored at an awards ceremony on April 23 at the Industrial Asset Management Council's spring 2012 Professional Forum in Austin, Texas. The Competitiveness Award goes to the state with the most points earned in a 10-factor index based mainly on Site Selection publisher Conway Data Inc.'s New Plant database of new and expanded facility announcements. For 2011 performance, Virginia scored 420.5 points. Texas (395), Ohio (387.5), Louisiana (382.5) and North Carolina (381.5) rounded out the top five.
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