In a live broadcast this morning, Governor Ralph Northam announced that Virginia has been named America’s “Top State for Business” by CNBC. The ranking is determined by CNBC following an extensive study of all 50 states based on 64 metrics in 10 categories of competitiveness. Virginia is tied with Texas for most years named top state for business by CNBC, with wins in 2007, 2009, 2011, and now 2019.
The team at Virginia Economic Development Partnership (VEDP) has secured the number one spot in the nation in the 2019 Site Selection’s annual Prosperity Cup ranking. The ranking gauges success of the business recruitment and retention efforts of state-level economic development offices. This is a five spot increase from Virginia's ranking in both 2017 and 2018.