Fairfax County Economic Development Authority’s Business News Update – July 12th

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Virginia Named Top State for Business and Education

Virginia has once again proven itself as a top state for business and education, with CNBC naming it America’s Top State for Business in 2024. This marks the third win for the Commonwealth in five years, solidifying its reputation as a prime location for businesses to thrive.

In addition to its business-friendly environment, Virginia also boasts the nation’s best public schools, further enhancing its appeal for families and professionals alike. This dual recognition showcases the state’s commitment to excellence in both the business and education sectors.

Virginia’s success can be attributed to its collaborative and innovative approach to economic development, as well as its strong infrastructure and workforce. The state ranks in the top half or better in all 10 categories measured by CNBC, with notable strengths in infrastructure, business friendliness, access to capital, and workforce.

With a focus on infrastructure as a key component for business investment, Virginia’s Business Ready Sites Program and transportation ecosystem have played a significant role in securing its top ranking. This recognition highlights the state’s dedication to providing businesses with the resources they need to succeed.

Overall, Virginia’s continued success as a top state for business and education underscores its position as a leader in economic development and educational excellence. With a track record of achievement and a commitment to growth, Virginia is poised to maintain its status as a premier destination for businesses and students alike.