Virginia named #1 for Economic Growth Potential

Wednesday, 3 August 2011 09:31 by Info@YesVirginia.org

When you’re on the top, it’s not just about being number one – it’s about staying there. In June, CNBC named Virginia America’s Top State for Business, and now, Business Facilities magazine has ranked Virginia #1 for Economic Growth Potential, an award that all of us here in the Commonwealth plan to see to fruition.

The study took a hard look at factors like job creation, project development, incentives and workforce. It also took into account the state’s growth strategy; including the depth and breadth of incentives, as well as partnerships among state and local governments, educational institutions and businesses.

Virginia has done its part to help keep its business climate positive, including the formation of the Economic Development and Job Creation Commission and the Commonwealth Center for Advanced Manufacturing. Both aim to carry out Virginia’s goal of more jobs and investment for the Commonwealth now and in the future.

Check out the article in Business Facilities for the full rankings.

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Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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