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Virginia is the 11th Best State for Business according to Chief Executive’s“Best & Worst States for Business 2014” Survey


CEOs support Virginia’s pro-business climate

FOR IMMEDIATE RELEASEGREENWICH, CT, Monday, May 12, 2014 – CEOs rated Virginia the 11th best state out of 50 in which to do business, down four positions from 2013 but still strong, according to Chief Executive magazine’s annual Best & Worst States for Business Survey.

TheBest & Worst States Survey gauges the sentiment of CEOs on a variety of measures that they themselves have viewed as critical. These include the tax and regulatory regime, the quality of the workforce, and the quality of the living environment. Five hundred CEOs participated in the 2014 survey. The rankings are crucial, as CEO sentiment drives investments in offices, factories and other facilities that bring jobs to a region.

With China lifting its 7-year ban on Virginia poultry, the state’s GDP may be on the rise. In addition, Dominion Virginia Power received a $47 million grant from the U.S. Dept. of Energy to build wind turbines off of Virginia Beach, which will bring jobs to the area.

“Virginia's best  business incentive is its pro-business climate,” one CEO said. “It strives to maintain traditions of sound fiscal management, including a diversified economy and moderate and stable taxes. Its strategic location, highly productive workforce (one of the highest educated workforces in the country) and excellent quality of life make Virginia the best place to do business.”

“There is a lot of opportunity in Virginia right now,” said Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “These recent economic events will undoubtedly foster some growth and it will be interesting to watch the business economy in Virginia going forward.”

For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, visit http://chiefexecutive.net/2014-best-worst-states-for-business.

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Chief Executive magazine
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