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Moving Virginia Forward

July 24, 2009

Yesterday, CNBC - a worldwide leader in business news - evaluated all 50 states in forty different performance measures and named Virginia its "Top State for Business" for 2009.  Virginia received CNBC's top ranking in 2007, was ranked second in the nation in 2008, and proudly reclaimed the "Top State" title for 2009.

CNBC praised Governor Kaine's strong fiscal leadership, reaffirming for the second time in Governor Kaine's term that "Virginia has what it takes to emerge from an economy turned upside down."   Virginia's number one ranking was based on a wide range of measures: from its workforce quality to its sophisticated broadband infrastructure.  According to CNBC, Virginia has maintained some of the nation's most reasonable sales, personal income, and corporate tax rates despite a national recession.

Governor Kaine and his administration have been working hard to keep Virginia's economy ahead of the national curve.  Since January 2008 alone, the Commonwealth has attracted $6.58 billion in investments and created 30,856 new jobs.  Governor Kaine has also recruited dozens of new businesses and attracted prominent companies - such as Rolls-Royce, AREVA Newport News, MeadWestvaco Corporation, Hilton Hotels, and Volkswagen of America, Inc. - to make significant and continued investments in our state.

Governor Kaine also joined CNBC Senior Correspondent Scott Cohn for a live interview yesterday on the Capitol south lawn for the announcement.  Watch the video or read thereport in its entirety.