If you haven’t already heard, Forbes ranked Virginia as America’s Best State for Business today! Virginia is the only state to rank in the top five in four of the study’s six categories. We rank first in the “regulatory environment” category. Our business-friendly government practices and flexible incentive packages contribute to this strong position. In addition, Forbes specifically points to our tort system as a key factor in this ranking. This year, we passed a package of six tort-reform bills that we can point to as evidence of our work on this issue.
Prior to the 2013 Rankings, the Commonwealth was ranked second in 2010, 2011, and 2012. It’s great to have moved back up to the No. 1 spot! To see all of rankings, please visit www.forbes.com or click here.