Top States For Business

12. Virginia

Category Score 2015 Rank 2014 Rank
Workforce265610
Cost of Doing Business1293730
Infrastructure1882519
Economy14636 (Tie)29
Quality of Life1852522
Technology & Innovation1631410
Education1406 (Tie)9
Business Friendliness12635
Cost of Living392532
Access to Capital391219
Overall1420128

Economic Profile

Governor: Terry McAuliffe, Democrat

Population: 8,260,405

GDP growth: 0.0 percent

Unemployment rate (May 2015): 4.9 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 5.75 percent

Gasoline tax: 40 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Wal-Mart, Huntington Ingalls Industries, Inc.

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Virginia FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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