America's Top States for Business 2019

1. Virginia

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Category Score 2019 Rank 2018 Rank Grade
Workforce34713A+
Economy2391613B
Infrastructure2001320B+
Cost of Doing Business1583534C+
Quality of Life2031719C+
Education13416A+
Technology & Innovation1091715B
Business Friendliness14535A
Access to Capital561513B+
Cost of Living193233D+
[[link#105843737#Overall]]161014-

Economic Profile

Governor: Ralph Northam, Democrat

Population: 8,517,685

GDP growth (Q4 2018): 1.5%

Unemployment rate (May 2019): 3%

Top corporate tax rate: 6%

Top individual income tax rate: 5.75%

Gasoline tax: 20.66 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business in 2019
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