Virginia earned the top slot in CNBC’s 2021 ranking of America’s best states for business, boasting a strong workforce and a solid education system after weathering a year of the coronavirus pandemic.
The commonwealth also earned top honors from CNBC’s prior review in 2019, becoming the first state to net back-to-back wins. This is Virginia’s fifth win since CNBC first launched the annual ranking in 2007, more than any other state. The business channel did not publish a list in 2020 due to the pandemic.
CNBC scored all 50 states in 10 categories of competitiveness, including infrastructure, economy, cost of living and access to capital, weighing each attribute based on how frequently each state uses it as a selling point in economic development marketing materials.