Virginia Ranks First in CNBC 2011 Top States for Business Report

On Tuesday, June 28, CNBC named Virginia No. 1 in its annual Top States for Business Report, receiving the highest point total since CNBC began ranking states in 2007. This year marks the third time in five years that Virginia has been ranked first in the CNBC report, in recognition of its strategic location, friendly business climate and diverse economy. The Commonwealth finished in the top-half of every category ranked. The number one ranking comes on the heels of Virginia receiving the highest ranking of any state east of the Mississippi in the American Legislative Exchange Council’s economic competitiveness ranking of the states, which was released last week.

In individual categories, the Commonwealth ranked second for business friendliness, sixth for education, eighth for economy, and 10th for access to capital as well as infrastructure and transportation. Virginia's top ranking also can be credited to its positive legal and regulatory climate and relatively low unemployment.

Click here to read more about the CNBC Top States for Business rankings.