Top States for Business 2021

1. Virginia

America's Top State for Business offers a wealth of talent and inclusion, but you will pay dearly to live there.

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Virginia Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business2202635B-
Life, Health & Inclusion24511--B
Business Friendliness137113B+
Access to Capital140915B+
Technology & Innovation1041617B-
Cost of Living293232D+

Economic Profile

Governor: Ralph Northam, Democrat

Population: 8,590,563

GDP growth (Q1 2021): 6.0%

Unemployment rate (May 2021): 4.5%

Top corporate tax rate: 6%

Top individual income tax rate: 5.75%

Gasoline tax: 29.40 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, stable

Major private employers: Wal-Mart, Huntington Ingalls Industries, Altria Group

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2021
The Virginia State flag and the American flag fly near the Virginia State Capitol.
Virginia is back as America's Top State for Business in 2021