Virginia – Top State for Business for 2011

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Virginia has topped the charts as the number one state in the nation for doing business according to CNBC. When it awarded Virginia first place this year, CNBC remarked: “we are starting to detect a pattern here.” This is the second time that Virginia has run away with the award for top state for business since 2007 when CNBC started the awards. Virginia has been either #1 or #2 every year since the awards began.

See the full survey results at http://www.cnbc.com/id/41666602/

This year, Virginia seized the top spot once again with the best overall score in the history of the CNBC study — 1,660 out of 2,500 points. CNBC‘s Senior Correspondent, Scott Cohn quipped: “we couldn’t have planned it this way, and if we could have, we might have mixed things up a bit.” The annual study, measures all 50 states on 43 different metrics in ten key categories of overall business competitiveness. They weight the categories based on how frequently the states themselves use them as selling points to attract business. This method holds the states accountable to their own standards of performance and provides insight into the credibility of their sales pitch.

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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