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America's Top States For Business 2011

#1 Virginia

LOCAL VIEW

Top States for Business: Virginia
Anchor Ryan Nobles of WWBT tells us why Virginia is a top state for business.

ECONOMIC PROFILE

Governor: Bob McDonnell (R)

Population: 8,001,024

GDP (2009 per capita): $46,609

Unemployment rate (May 2011): 6.0 percent

Foreclosure rate (May 2011): One per 766 households

Budget gap (projected 2012): $2.0 billion

Corporate tax rate: 6.0 percent

Largest employers: Northrop Grumman Shipbuilding, Food Lion, Booz Allen Hamilton (Excludes Retail)

Sources: US Government, RealtyTrac, Center on Budget & Policy Priorities, Federation of Tax Administrators, Alaska Department of Labor and Workforce Development

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