Sky Noir Photography By Bill Dickinson | Moment | Getty Images
Virginia Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 252 | 7 | 11 | B+ |
| INFRASTRUCTURE | 231 | 10 | 9 | B |
| ECONOMY | 235 | 13 | 20 | B- |
| LIFE, HEALTH & INCLUSION | 217 | 16 | 13 | B- |
| COST OF DOING BUSINESS | 120 | 34 | 25 | C- |
| TECHNOLOGY & INNOVATION | 172 | 15 | 17 | B- |
| BUSINESS FRIENDLINESS | 135 | 6 | 6 | A- |
| EDUCATION | 94 | 1 | 2 | A+ |
| ACCESS TO CAPITAL | 43 | 4 | 6 | A- |
| COST OF LIVING | 28 | 25 | 30 | C+ |
| OVERALL | 1527 | 2 | 3 |
Economic Profile
Governor: Glenn Youngkin, RepublicanÂ
Population: 8,683,619
GDP growth (Q1 2023): 1.0%
Unemployment rate (May 2023): 2.90%
Top corporate tax rate: 6.00%
Top individual income tax rate: 5.75%
Gasoline tax: 52.80 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
