Virginia Economic
Development Partnership

901 East Byrd Street
P.O. Box 798
Richmond, VA 23218-0798
USA
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Inquiries:
(804) 545-5700 (Domestic)
(804) 545-5750 (International)
(804) 545-5600 (General)
(804) 545-5806 (Media)



Pro-Business Climate
Virginia is the Best State for Business
Every state talks about its positive business climate. In Virginia, we’ve let others do the talking. Virginia continues to rank among America's leading states for business by CNBC and Forbes.com. In each analysis, cost of doing business, quality of workforce, and regulatory environment all drove Virginia to the top. A Virginia business location will positively impact your bottom line. Let us show you how.

 

  • Streamlined permitting process

  • Recruitment training programs to help new businesses become operational faster

  • Right-to-work law allows individuals the right to work regardless of membership in a labor union or organization

  • AAA bond rating

  • Corporate income tax rate of 6% has not been increased since 1972

  • Programs at little or no cost to help businesses increase international sales

  • 30 publicly-funded and nonprofit small business incubators

  • The Northern Virginia, Lynchburg, and Richmond metro areas are among Forbes.com’s 50 Best Places for Business and Careers: 2011.

  • In Governing Magazine’s Government Performance Project, Grading the States 2008 survey, Virginia earned an overall grade of A- for management of state government. This is a testament to Virginia's long term planning and management of money, people, infrastructure, and information. Two other states, Utah and Washington, received an A- grade, and the national average was B-. Virginia also received an A- ranking in the most recent “Grading the States” assessment in 2005.

  • Chief Executive Magazine ranked Virginia as the 7th Best State in its Best/Worst States for Business, 2011.

  • Virginia ranks 6th among all fifty states in the fairness of its litigation environment in the U.S. Chamber of Commerce’s 2010 State Liability Systems Ranking Study.