Top States For Business

13. Virginia (tie)

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce27636
Cost of Doing Business1423637
Infrastructure1673225
Economy1633036 (Tie)
Quality of Life2041625
Technology & Innovation1591514
Education13656 (Tie)
Business Friendliness12033
Cost of Living323025
Access to Capital361512
Overall14351312

Economic Profile

Governor: Terry McAuliffe, Democrat

Population: 8,382,993

GDP growth: 1.4 percent

Unemployment rate (May 2016): 3.8 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 40.73 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Wal-Mart, Huntington Ingalls Industries, Altria Group

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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