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On July 23, 2009, Governor Timothy M. Kaine announced that for the second time during his administration, CNBC has named Virginia its “Top State for Business”. This best-in-the-nation ranking was based on a wide range of factors, from workforce quality to broadband infrastructure, and reaffirms that “Virginia has what it takes to emerge from an economy turned upside down.” Virginia received CNBC’s top ranking in 2007 and was ranked second in 2008. This is the fourth time in the last month that Virginia has received national acclaim as a top place to do business.
“This recognition shines an international spotlight on the Commonwealth, distinguishing Virginia as a stellar business location—an especially important distinction in the current economic climate,”said Governor Kaine. “This designation, and others before it, demonstrates that our efforts to recruit quality jobs, prepare our workforce, and invest in education and innovation are necessary and effective steps to ensure a prosperous future for Virginia.”
Since January 2008, Virginia has attracted $6.58 billion in investment and created 30,856 new jobs. The Commonwealth has also recruited dozens of new businesses and attracted prominent companies, such as Rolls-Royce, AREVA Newport News, Swedwood North America, MeadWestvaco Corporation, Hilton Hotels, CSC and Volkswagen of America, Inc., to make significant investments in Virginia.
The CNBC 2009 ranking marks the seventh time that Virginia has been recognized as the most business-friendly state under the leadership of Governor Kaine. In the past month alone, Virginia has been ranked “No. 1 Pro-Business State” by Pollina Corporate Real Estate Inc., the second “Best State for Business” by Directorship magazine, and the second “Best State to Start a Business” by U.S. News and World Report. During Governor Kaine’s administration, Virginia has also been recognized as the most business-friendly state in America (Forbes.com 2006-2008), the top-performing state government in America (Governing Magazine 2008) and the state where “a child is most likely to have a successful life (Education Week 2007).”
Virginia is strategically located at the center of the U.S. East Coast, adjacent to Washington, D.C.
Virginia: State of Innovation: With its excellent research parks and acclaimed universities, Virginia’s high-tech workforce is among the best-trained in the U.S. With more than 11,500 high-technology companies, Virginia is a leading technology hub in the U. S.
Virginia: State of Profitability: Lower operating costs, a skilled labor force and excellent transportation assets make Virginia cost-competitive.
Virginia: State of Transportation: Virginia’s strong infrastructure of highways, ports, railways and airports provide fast, convenient access to the entire U.S. population—and beyond.
Virginia: State of Enchantment: Virginia’s institutions of higher learning are consistently ranked among the best in the U.S. for academic excellence and produce a highly-skilled workforce base. With a geography stretching from the rolling Appalachian Mountains to the beaches of the Atlantic Ocean, Virginia offers unparalleled access to quality recreation.