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Virginia Now Owns Three Top National Business Rankings
Date:9/24/2009

RICHMOND, Va., Sept. 24 /PRNewswire-USNewswire/ -- Virginia is "The Best State for Business" for the fourth year in a row, according to an annual survey published by Forbes.com last night. This latest accolade from the world-recognized financial brand follows recent No. 1 rankings from Pollina Corporate Real Estate and CNBC. Never before has a state held top business climate rankings by all three of these reputable business brands at one time.

"With our low corporate tax rate, highly-skilled workforce, and great quality of life, it's no wonder Virginia consistently attracts some of the world's most innovative and corporate leaders to our borders," said Virginia Governor Tim Kaine. "In these tough economic times in particular, this recognition is an incredible affirmation that Virginia has what it takes to compete in the national and global arenas."

Virginia was the only state ranked in the top 20 in each of the six broad categories examined in the Forbes.com survey. The Commonwealth finished in the top three in half of those categories - taking the lead in the quality of life ranking, second place in the regulatory environment ranking and third in labor issues.

Top U.S. corporation site relocation expert Pollina Corporate Real Estate ranked Virginia its "No. 1 Pro-Business State" in June after examining job retention and creation by all 50 states and the federal government. Virginia also held the top spot in the Pollina study in 2003 and 2007. The Commonwealth ranked second from 2004 to 2006 and third in 2008.

CNBC's July best-in-the-nation validation was based on a 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 also received CNBC's top ranking in 2007 and was ranked second in 2008.

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SOURCE Virginia Economic Development Partnership
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