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VIRGINIA IS AMERICA’S TOP STATE FOR BUSINESS, ACCORDING TO CNBC EXCLUSIVE STUDY

CNBC’s Senior Correspondent Scott Cohn Revealed America’s Top Five States for Business Today on CNBC & CNBC.com

ENGLEWOOD CLIFFS, N.J., June 28, 2011— CNBC, First in Business Worldwide, today revealed the results of its fifth annual list of America’s Top States for Business with Virginia reclaiming the top spot yet again from last year’s winner, Texas.

CNBC Senior Correspondent Scott Cohn reported today live from the George Washington Estate & Gardens in Mount Vernon, Virginia and counted down the top five states throughout CNBC’s Business Day programming and on CNBC.com. Coverage of America’s Top States for Business will continue on-air and online through Thursday, June 30th.

"With an unprecedented fiscal crisis at the state level, never has it been tougher to stay competitive,” said Cohn. “But Virginia met the challenge on every level, achieving the highest point total in the history of our study, and finishing in the top half of every category. In the see-saw battle between Virginia and Texas, Virginia is back on top--for now."

CNBC.com has an in depth look at how the Commonwealth of Virginia reclaimed the top spot including a complete economic snapshot (employment, budget, tax, housing data). The complete rankings for all 50 states are available on the site, topstates.cnbc.com. In addition, the site also has exclusive stories and slideshows drilling down into the various ranking categories, such as “Technology & Innovation,” “Quality of Life,” “Cost of Living” and more. Throughout the week, users can also vote for the state that they think should be the top, as well as weigh in on what they think are the most important considerations in picking a state to house a business.

To determine the rankings for America’s Top States for Business, each state was scored – using publicly available data – on 43 different measures of competitiveness. States received points based on their rankings in each metric, which were then separated into ten broad categories: Cost of Doing Business, Workforce, Quality of Life, Economy, Infrastructure & Transportation, Technology & Innovation, Education, Business Friendliness, Access to Capital and Cost of Living.

America’s Top 5 States for Business:

Virginia (Highest Rank – #2 in Business Friendliness; Lowest Rank – #26 in Quality of Life)

Texas (Highest Rank – #1 in Infrastructure & Transportation ; Lowest Rank – #33 in Cost of Doing Business)

North Carolina (Highest Rank – #3 in both Workforce and Infrastructure & Transportation; Lowest Rank – #41 in Economy)

Georgia (Highest Rank – #2 in Infrastructure & Transportation; Lowest Rank – #38 in Quality of Life)

Colorado (Highest Rank – #6 in Business Friendliness; #33 in Cost of Living)

About CNBC:

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