America's Top States For Business

8. Virginia (Tie)

Category Score 2014 Rank 2013 Rank
Cost of Doing Business2263038
Workforce201106
Quality of Life1722218
Infrastructure & Transportation20419 (Tie)21
Economy2112910
Education10098
Technology & Innovation2261012
Business Friendliness16356
Cost of Living193220
Access to Capital1619 (Tie)13
Overall15388 (Tie)5 (Tie)

Economic Profile

Governor: Terry McAuliffe

Population: 8,260,405

GDP growth: 0.1 percent

Unemployment rate (May 2014): 4.9 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 36 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Wal-Mart

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Virginia FY 2013 CAFR

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