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Virginia Score and Ranking
| CATEGORY | 2025 SCORE | 2025 RANK | 2024 RANK | 2025 GRADE |
|---|---|---|---|---|
| ECONOMY | 266 | 14 | 11 | B- |
| INFRASTRUCTURE | 283 | 2 | 3 | A+ |
| WORKFORCE | 205 | 14 | 9 | B- |
| COST OF DOING BUSINESS | 142 | 31 | 24 | C+ |
| BUSINESS FRIENDLINESS | 186 | 7 | 5 | A- |
| QUALITY OF LIFE | 167 | 8 | 19 | B- |
| TECHNOLOGY & INNOVATION | 168 | 8 | 15 | B+ |
| EDUCATION | 82 | 1 | 1 | A+ |
| ACCESS TO CAPITAL | 45 | 10 | 8 | B |
| COST OF LIVING | 34 | 21 | 19 | C+ |
| OVERALL | 1578 | 4 | 1 | |
Economic Profile
Governor: Glenn Youngkin, Republican
Population: 8,811,195
GDP growth (Q1 2025): -0.5
Unemployment rate (May 2025): 3.4%
Top corporate tax rate: 6%
Top individual income tax rate: 5.75%
Gasoline tax: 59 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
