(July 10, 2019) Governor Ralph Northam today announced that CNBC has named Virginia America’s “Top State for Business” in 2019. CNBC unveiled Virginia as the top state for business this morning during a live broadcast from Shenandoah River State Park, and Governor Northam was on location to discuss the announcement. The top ranking is determined by CNBC following an extensive study of all 50 states based on 64 metrics in 10 categories of competitiveness. Virginia is tied with Texas for most years named top state for business by CNBC, with wins in 2007, 2009, 2011, and now 2019.
Virginia moved up six places to number seven in CNBC’s Best States for Business 2017.
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In the latest edition of Southern Business & Development magazine, several Roanoke Region locations are mentioned in the list of “Who’s winning the economic development game in the South?”
The best of list ranks locations from all over the Southern part of the country in 60 different categories.
Here are the highlights from the Roanoke Region:
- Best-Kept Secrets for Great Quality of Life in the South: Mid-Markets: Roanoke, Va.
- Best Data Center Locations in the Southeast: Roanoke County, Va. (honorable mention)
- Best Cities and Counties in the Southeast for the Creative Class: Roanoke, Va.
- Best Mid-Markets in the Southeast for the Automotive Industry: Roanoke, Va.
WalletHub looked at 1,268 locations to start a business and Roanoke made the grade, ranking in the top 10 percent nationally.
Ranked 126th overall, the region earned high marks thanks to business environment, access to resources, and for having low business costs.
Here’s how the WalletHub ranking works: “WalletHub’s analysts compared the business-friendliness of 1,268 small-sized cities to identify the best overall for launching an enterprise. Our data set of 15 key metrics ranges from average growth in number of small businesses and prevalence of investors to office-space affordability, and corporate taxes.
These elements make Roanoke a top location for entrepreneurs. See the full list at WalletHub.
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