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Virginia Rises to No. 3 in 'Top States for Business' Ranking

The state rose one spot as CNBC cited strong market access, workforce quality and infrastructure, despite uncertainty over its economy and data center incentives.

  • On Thursday, Governor Abigail Spanberger announced that Virginia rose to No. 3 in CNBC's annual "America's Top States for Business" rankings, improving from last year and trailing only Ohio and North Carolina.
  • Virginia's No. 2 infrastructure ranking reflects major investments in recent years, including completed improvements to The Port of Virginia that deepened shipping channels and ongoing upgrades to the Interstate 81 corridor.
  • Programs including InternshipsVA and the Virginia Talent Accelerator Program, recently ranked the No. 1 customized workforce training program in the U.S. by Business Facilities, equip Virginians with career opportunities.
  • Spanberger reported the Commonwealth attracted more than $5 billion in new business investment over six months, creating more than 3,000 new jobs and demonstrating strategic economic collaboration.
  • The General Assembly allocated another $50 million for the Virginia Business Ready Sites Program this biennium, signaling continued commitment to site development and long-term economic competitiveness.
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Virginia regained ground in CNBC's prestigious annual ranking thanks to its infrastructure and workforce, opening up new opportunities for Hispanic traders.

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Virginia climbs to third spot in CNBC ‘Top States for Business’ rankings

Virginia shifted from fourth to third place in CNBC’s annual “top states for business” rankings, Gov. Abigail Spanberger announced Thursday.

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WTVR broke the news in Richmond, United States on Thursday, July 9, 2026.
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