Virginia Named Top State for Business in 2024: Boasting Nation's Best Schools and Strong Infrastructure

Money | July 11, 2024, 6:24 a.m.

With a strong education system and policies that support growth, Virginia is named America's Top State for Business in 2024 for the sixth time by CNBC. The state's infrastructure stands out, offering shovel-ready sites for fast development and a strong focus on education, with high rankings for higher education opportunities and K-12 instruction. Virginia's government, marked by bipartisan compromise, has helped maintain the state's competitive edge despite challenges such as high business costs and power grid strain. While Virginia excels in most categories, workforce migration remains a concern. In a close race, North Carolina, Texas, Georgia, and Florida round out the top five states, while Montana, Louisiana, Alaska, Mississippi, and Hawaii lag at the bottom. Overall, Virginia's leadership in education, infrastructure, and economic development solidify its status as a top destination for business growth.