Virginia Named Best State for Business for Second Consecutive Year by Forbes Magazine
August 5th, 2008 Categories: Real Estate News
For the second consecutive year, Virginia has been named the best state* in the nation for business by Forbes Magazine.
Part of the allure for business in Virginia is an environment of incentives and the third lowest unemployment rate in the country.
Incentives are tailored for both business growth and to encourage startups.
The incentives include financial assistance, facilities development grants, tax credits and exemptions. Virginia also offers work-force training and technical support.
To compile the rankings, Forbes examines, among other things,:
- business and living costs
- job and income growth
- gross state product growth
- educational attainment
- venture capital money
- role of government.
Overall, Forbes examined 32 criteria to assemble the list.
Why is this important to you? Strong businesses need a satisfied, productive work force and that work force will always need housing. Whether you are buying or selling, or even renting, Virginia offers a stable environment for real estate investment.
For more information about housing costs in Northern Virginia, call me at 703.927.4554.
Michael
***Technically, Virginia is a Commonwealth, not a state. Kentucky, Massachusetts and Pennsylvania also share that distinction.
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