Virginia Named Top Pro-Business State for 2011
In a recent Pollina Corporate study, Virginia was named the most pro-business state in the country. Virginia won the 2011 top-ranking by the largest margin in the history of the study. This marks the third straight year that Virginia has held the top spot in the Pollina rankings, and its fifth appearance in the top spot. In July, Virginia was also named America's "Best State for Business" by CNBC.
The study is considered the most comprehensive, unbiased and unvarnished by the economic development industry, and is the "Gold Standard" for evaluating and ranking states. The study is based on 32 factors controlled by state government, including taxes, human resources, education, right-to-work legislation, energy costs, infrastructure spending, workers compensation laws, economic incentive programs and state economic development efforts. Two new factors, state budget deficit and state property tax index, along with a comprehensive State Report Card have been added to this year's study.
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