Virginia Named ‘America’s Top State for Business’ by CNBC

“America’s Top State for Business” for 2024 is Virginia, according to business news network CNBC. Gov. Glenn Youngkin made the announcement today in Virginia Beach.

Gov. Youngkin, who was raised in Virginia Beach, has visited several times over the last few months to attend press conferences, announcements and ribbon cuttings for new businesses establishing a presence in the city of Virginia Beach, including Amazon and DOMA Technologies.

The success of the City’s Department of Economic Development in attracting new companies, supporting existing businesses and assisting entrepreneurs has contributed to Virginia’s recognition and the future of Virginia Beach’s growth and development.

“It is exciting and well-earned news from Gov. Youngkin that the Commonwealth has been ranked the No. 1 state for business,” said Virginia Beach Director of Economic Development Chuck Rigney. “This recognition amplifies the vast economic development opportunities available to businesses that choose to locate in both Virginia and our city.”

The annual ranking by CNBC measures all 50 states on 128 metrics in 10 key categories of competitiveness, including infrastructure, workforce and quality of life. These are factors states use in their efforts to attract business, and what companies consider when deciding location.

Virginia has previously been named America’s Top State for Business by CNBC in 2007, 2009, 2011, 2019 and 2021. 

About Virginia Beach & the Department of Economic Development
Virginia Beach, one of Virginia’s most populous cities, resides where the Chesapeake Bay meets the Atlantic Ocean. The mission of the Virginia Beach Department of Economic Development is to drive economic vitality and inclusive prosperity in the city by fostering the attraction and creation of new investment, innovation, and jobs. www.yesvirginiabeach.com.