Virginia is the 6th Best State for Business 2012

No 6: Virginia

No. 6

Virginia

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 3.70
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 4.04

Unemployment

  • Unemployment Rate Dec. 2011 %: 6.20
  • Comparison with Nat’l Rate (8.50%): -2.30

Domestic Migration

  • Domestic Net Migration ’00-’09: 164,930
  • Rank: 12

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,131
  • State & Local Gov’t Employees per 10k Residents: 574.02

State-Local Tax Burden

  • Rate (%): 9.11
  • Compared to Nat’l Avg. (9.8%): -0.69
Key Companies
  • Freddie Mac
  • Altria Group
  • Capital One Financial Corporation
  • General Dynamics
Development Trend Indicator: Positive
Has focused on entrepreneur-friendliness and leveraging higher-ed advantages.
CEO Comments
“Texas is extremely business friendly. Virginia is also excellent for business. Between the two they provide excellent options to relocate a business and grow the business.”

“It’s not only low taxes; it’s a bi-partisan environment that views business as positive and works to address issues. Virginia is terrific at this.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation


Get the CEO Briefing

Sign up today to get weekly access to the latest issues affecting CEOs in every industry

upcoming events