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| Key Metrics |
|---|
State GDP
Unemployment
Domestic Migration
State Government
State-Local Tax Burden
|
| Key Companies |
|---|
|
| Development Trend Indicator: Negative |
|---|
| Fades a bit in job growth and entrepreneurial fervor but keeps low taxes. |
| CEO Comments |
|---|
| “Virginia has a significant level of local taxes, particularly in jurisdictions in Northern Virginia that constantly nick away at profitability. While the state tax structure is low, the business property taxes, taxes on gross business income and other related taxes of the local jurisdictions eat away at [revenue].”
“Virginia’s best business incentive is its pro-business climate. It strives to maintain traditions of sound fiscal management, including a diversified economy and moderate and stable taxes. Its strategic location, highly productive workforce (one of the highest educated workforces in the country) and excellent quality of life make Virginia the best place to do business.” |
Based on CEO Survey by ChiefExecutive.net
Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation
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