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Virginia Drops to No. 4 in CNBC's Top States for Business Ranking ...
VIRGINIA, UNITED STATES, JUL 10 – Virginia's decline to fourth place stems from federal job cuts impacting over 144,000 workers and rising economic challenges, despite record business investments and job openings, CNBC reported.
- Thursday saw the release of CNBC’s 2025 Top States for Business report, and Virginia dropped from first to fourth place, based on economic strength, workforce, infrastructure and cost of doing business.
- Amid federal downsizing, Virginia’s economy suffers as President Donald Trump’s workforce reductions impact the state’s 300,000 federal employees and contractors.
- In May, Virginia’s unemployment rate was 3.4%, remaining below the national average, and its first-quarter GDP contracted by 0.5% while North Carolina saw small growth.
- House Speaker Don Scott said, 'It’s terrible,' and House Majority Leader Charniele Herring called it a 'direct consequence of Donald Trump’s dangerous agenda.'
- A forecast from the Center for Regional Analysis projects Virginia will lose 32,000 jobs this year as the commonwealth prepares for statewide elections in November.
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32 Articles
The Virginian Pilot
Daily PressEditorial: Falling to No. 4 on CNBC business ranking no reason to overreact
Cable news channel CNBC set the hearts of Virginia officials aflutter last year when it ranked Virginia the top state in the nation for business. Both Democrats and Republicans framed the honor as an endorsement of their work in Richmond, and ads for recruiting new companies to the commonwealth virtually wrote themselves. That Virginia slipped to fourth this year is a setback, but nothing that should prompt a wholesale change in how we cultivate…
Why has Virginia fallen to No. 4 in the CNBC ranking? Depends on whom you ask.
RICHMOND, Va. It's become a point of pride for the leader of any state: where are you in CNBC's America's Top States for Business rankings?This year Virginia lost the top spot to North Carolina, falling to fourth, its lowest ranking since 2018.Before you dismiss the CNBC rankings as clickbait, consider state leaders and more importantly, the business community take them seriously.The rankings are comprised of some 135 metrics across 10 categorie…
CNBC knocks Virginia down in business rankings and more state headlines • Virginia Mercury
The state Capitol. (Photo by Ned Oliver/Virginia Mercury) • “CNBC knocks Virginia down in business rankings.” — Axios • “Inside the Univ. of Virginia gun incident that drew DOJ’s ire.” — NBC News • “Virginia Beach schools anticipating minimal impact from federal funding cuts.” — 13newsnow • “Virginia residents impacted by ongoing Dominion Energy power outage.” — FOX 5 DC • “New ‘Blue Envelope’ program in Virginia aims to ease traffic stops f…
Virginia loses its CNBC ranking as the No. 1 state for business. Here’s why.
The champion has been dethroned. Virginia, which last year was CNBC’s “best state for business,” and which has occupied the No. 1 spot a record six times, has been demoted in this year’s rankings to fourth place. It’s the state’s worst showing since 2018. This is an awkward moment for Virginia Republicans. In his 2021 campaign for governor, Glenn Youngkin often dinged Democrats for costing the state its No. 1 rating and promised to build a “rip-…
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