Virginia Is America’s Top State For Business – CNBC

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Virginia Is America’s Top State For Business – CNBC
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ENGLEWOOD CLIFFS, N.J., July 13, 2021—CNBC, First in Business Worldwide, today unveiled the results of its fourteenth list of America’s Top States for Business with Virginia taking the number one position. The Old Dominion scored 1,587 out of 2,500 points.

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CNBC Special Correspondent Scott Cohn reported today live from Port of Virginia in Norfolk, VA and counted down the top five states during CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) and on CNBC Digital. Coverage of America’s Top States for Business will continue on-air and online through CNBC’s Business Day programming today.

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Virginia’s Fifth Win

This is Virginia’s fifth win, having previously taken the title in 2007, 2009, 2011 and 2019 – more times than any other state. At a time when companies are clamoring for talent, Virginia performed well in the critical categories of Education (#2) and Workforce (#3). High-performing high school students feed a well-funded higher education system. That, in turn, has helped Virginia assemble one of the most educated workforces in the nation.

“This year’s Top States study was always going to be a verdict on which states were best poised to succeed coming out of the pandemic, and Virginia is a clear winner on that score,” Cohn said. “Not only does it have the talent that companies are craving, it has also taken major steps in the area of inclusiveness, which is especially important this year. But perhaps the best evidence of Virginia’s competitive strength is the fact that it was our Top State before the pandemic in 2019, and is back on top coming out of it.”

CNBC Digital offers a detailed analysis of how Virginia claimed the top spot including a complete economic snapshot (employment, budget, tax and housing data). The rankings for all 50 states are available at topstates.cnbc.com. In addition, the site also has exclusive stories, lists and videos including the best and worst states to live in, the least and most expensive states in 2021, among others.

This year’s report also includes in-depth coverage looking at the unique issues facing all of the states this year, from inclusiveness to sustainability to recovering in the aftermath of the pandemic.

Follow us on Twitter @CNBC and take part in the social conversation surrounding CNBC’s Top States coverage using hashtag #TopStates.

CNBC’s exclusive study scores all 50 states on 85 metrics across ten categories of competitiveness. The methodology grades the states based on the qualities they deem most important in attracting business. To do that, CNBC assigns a weight to each of the ten categories by analyzing every state’s economic development marketing materials. The more frequently a selling point appears, the more weight it carries in the study.

America's Top 5 States for Business

  1. Virginia (Highest Rank - #2 in Education; Lowest Rank - #32 in Cost of Living)
  2. North Carolina (Highest Rank - #4 in Economy; Lowest Rank - #37 in Life, Health & Inclusion)
  3. Utah (Highest Rank - #3 in Economy; Lowest Rank - #27 in Life, Health & Inclusion)
  4. Texas (Highest Rank - #1 in Workforce; Lowest Rank - #49 in Life, Health & Inclusion)
  5. Tennessee (Highest Rank - #2 in Economy; Lowest Rank - #46 in Life, Health & Inclusion)

About CNBC:

CNBC is the recognized world leader in business news, providing real-time financial market coverage, business content and general news consumed by more than 547 million people per month across all platforms. The network's 15 live hours a day of news programming in North America (weekdays from 5:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.

CNBC also offers content through its vast portfolio of digital products such as: CNBC.com, which provides financial market news and information to CNBC’s investor audience; CNBC Make It, a digital destination focused on making you smarter about how you earn, save and spend your money; CNBC PRO, a premium service that provides in-depth access to Wall Street; a suite of CNBC mobile apps for iOS and Android devices; Amazon Alexa, Google Assistant and Apple Siri voice interfaces; and streaming services including Apple TV, Roku, Amazon Fire TV, Android TV and Samsung Smart TVs. To learn more, visit https://www.cnbc.com/digital-products/.

Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at http://www.nbcumv.com/programming/cnbc. For more information about NBCUniversal, please visit http://www.NBCUniversal.com.

 

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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