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Friday, August 01, 2008

Virginia Is Best State for Business in 2008

For the third year in a row, has ranked Virginia as the best state in the nation for business. Virginia has been number one in the Best States ranking since 2006. Forbes uses six measures in its rankings: business costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.

Forbes writes, "Virginia remains an excellent location for new or existing businesses. It has the best regulatory environment by our count, thanks to the second-best incentive programs in the country--as well as the fifth best tort atmosphere. Other high points include energy costs 30% below the national average and an educated labor force fueled by its proximity to Washington, D.C., and top colleges like the University of Virginia and William and Mary."

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