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Virginia Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 255 | 11 | 3 | B+ |
| INFRASTRUCTURE | 235 | 9 | 24 | B+ |
| COST OF DOING BUSINESS | 193 | 25 | 26 | B+ |
| ECONOMY | 184 | 20 | 13 | C+ |
| LIFE, HEALTH & INCLUSION | 204 | 13 | 11 | C+ |
| TECHNOLOGY & INNOVATION | 146 | 17 | 16 | B- |
| BUSINESS FRIENDLINESS | 145 | 6 | 11 | A- |
| EDUCATION | 129 | 2 | 2 | A+ |
| ACCESS TO CAPITAL | 41 | 6 | 9 | A- |
| COST OF LIVING | 21 | 30 | 32 | D+ |
| TOTAL | 1553 | 3 | 1 |
Economic Profile
Governor: Glenn Youngkin, Republican
Population: 8,642,274
GDP growth (Q1 2022): -1.7%
Unemployment rate (May 2022): 3.0%
Top corporate tax rate: 6%
Top individual income tax rate: 5.75%
Gasoline tax: 34.40 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
