Examine: Virginia ranked No. 2 for enterprise

(The Heart Sq.) — Virginia ranked second within the nation in CNBC’s America’s Prime States for Enterprise examine – up from third in 2022 and scoring first in schooling.

The survey launched Tuesday is more likely to be music to Gov. Glenn Youngkin’s ears, because the businessman-turned-politician has usually touted the commonwealth’s business-friendly insurance policies.

States had been scored on 86 metrics in 10 broad classes of competitiveness, with the classes weighted in accordance with how steadily they seem in states’ advertising efforts.

Based mostly on that standards, the strongest-weighted classes had been workforce, infrastructure, financial system and life, well being and inclusion. The examine charges states on “how successfully they're delivering on the elements” most vital to companies.

Along with schooling, the commonwealth landed within the prime ten states for entry to capital, enterprise friendliness, workforce and infrastructure, putting 4th, sixth, seventh and tenth, respectively. It positioned lowest in value of doing enterprise, rating thirty fourth among the many states.

The commonwealth’s most noticeable enchancment was within the financial system class, with a seven-rank soar from twentieth to thirteenth since simply final 12 months. Quite a bit went into that change moreover the price of doing enterprise, the place Virginia fell most in its rankings since 2022, going from twenty fifth to thirty fourth within the nation.

States may earn a most of two,500 factors. The highest-scoring state, North Carolina, received 1,628 factors. Virginia, because the second state, claimed 1,527. North Carolina bested Virginia within the classes of workforce, financial system, expertise and innovation and value of doing enterprise, incomes rankings of 1, 3, 6 and 18, respectively.