ICYMI: Virginia Named Best State in the Country for Business

Press Releases

WASHINGTON — Virginia was named the best state in the country for business, under the leadership of a Democratic governing trifecta that has prioritized economic growth and innovation since 2019. Over the last two years, Democrats in the General Assembly have enacted critical legislation to build an economy that works for every Virginian. By making big investments in the future and embracing a diverse workforce, Virginia Democrats have bolstered a thriving economy and led the way on recovery from the coronavirus pandemic and a nationwide recession. 

“I’m incredibly proud of the work that Virginia Democrats have done to create an economy that works for all Virginians,” said Democratic Legislative Campaign Committee President Jessica Post. “Virginia’s economic success serves as a blueprint for what can be accomplished when Democrats have a legislative majority. By holding onto this majority in November, Democrats will be able to continue to ensure Virginia’s economy thrives and make sure that every Virginian has an opportunity to share in that prosperity.” 

This recognition underscores the importance of the progressive economic policies enacted during the past year with this Democratic majority. Democrats passed a minimum wage increase, raised wages for state workers and teachers by 5%, and made Virginia the first Southern state to extend anti-discrimination protections to include sexual orientation and gender identity. They also helped Virginians recover from the pandemic, including a significant increase in families who qualify for child care assistance. 

Richmond Times Dispatch: Top this! Virginia still No. 1 state for business in CNBC survey – first state to win coveted title twice in a row

Virginia, once again, has been named by CNBC as the best state in the country to do business, extending a reign that began two years ago, before the COVID-19 pandemic triggered a recession that threatened, but failed to cripple the state’s economy.

The pandemic prevented the naming of a winner in the annual sweepstakes by the business news network a year ago, but managing the crisis helped give Gov. Ralph Northam bragging rights at a crucial political juncture at the end of his term as voters prepare to elect his successor and a new House of Delegates.

Virginia became the first state to win the recognition twice in a row, which the governor credited to the state’s education system, workforce and inclusive public policies.