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VIRGINIA BUSINESS SITE LOCATOR


Singing Virginia’s Praises: T e commonwealth’s accolades T e Old Dominion gets rave reviews when it comes to business friendliness. Here’s how we stack up in recent business rankings:


• Virginia is highlighted in Business Facilities latest annual Rankings Report. T e commonwealth is No. 2 in the broadband leaders cate- gory. T e report highlights Bristol, Va. and Bristol, Tenn. for being a “hub for front-running broad- band service in Virginia.” Staff ord County also is praised for putting a high priority on investments and infrastructure, including broad- band and transportation projects.


• T e commonwealth has been a regular on Pollina Corporate Real Estate’s Top 10 Pro-Business States list since it began in 2004. “Clearly a national leader in the twelve years of this study, no other state comes close to Virginia when it comes to being a consistent pro- business state,” says Pollina’s report, where Virginia was No. 4. Pollina


is an Illinois-based brokerage and consulting fi rm, representing cor- porations, communities and states in real estate and economic devel- opment issues.


• Virginia also has consistently been on Forbes’ Best States for Busi- ness list since it launched in 2006. T e commonwealth was No. 7 in the latest ranking and received ku- dos for its “widely diverse economy that includes local and federal government, military, farming and manufacturing.”


• T e Old Dominion also ranks favorably in CNBC’s America’s Top States for Business list. In 2016 it was No. 13, getting high marks for its workforce and busi- ness friendliness. To come up with the rankings, CNBC scores states on more than 60 measures


Industry employment projections (long term)


Estimated 2012


Total, all industries Accommodation and food services


Projected 2022 Change


53,926 48,393


of competitiveness.


• CEOs also continue to praise Virginia’s pro-business environ- ment. T e commonwealth was No. 12 on Chief Executive maga- zine’s 2016 Best & Worst States for Business list, based on a CEO opinion survey. When compared to other states in the Southeast, Vir- ginia ranked even higher—No. 6. CEOs praised Virginia’s competi- tive incentives and its fairness in setting rules and regulations.


• Virginia also is part of Site Se- lection Magazine’s most recent business climate rankings (No. 12). Half of the ranking is based on a survey of corporate site selec- tors, while the other is based on an index of seven criteria, includ- ing total new facilities and new projects.


Percent change


Annual Avg. Total


3,947,721 4,481,928 534,207 1.28% 13.53% 309,777 350,409 40,632 1.24 13.12


Administrative and support and waste management and remediation services 204,884 240,852 35,968 1.63 17.56 Agriculture, forestry, fi shing and hunting Arts, entertainment, and recreation Construction


47,146 -6,780 -1.33 -12.57 55,978


Educational services Finance and insurance


Health care and social assistance Information


Management of companies and enterprises Manufacturing


Mining, quarrying, and oil and gas extraction Other services (except public administration) Professional, scientifi c, and technical services Public administration


Real estate and rental and leasing Retail trade


Transportation and warehousing Utilities


Wholesale trade ADVERTISING 7,585 1.47 15.67


176,253 222,926 46,673 2.38 26.48 357,022 410,675 53,653 1.41 15.03 125,793 141,253 15,460 1.17 12.29 405,302 530,010 124,708 2.72 30.77 71,657 76,187


69,603 -2,054 -0.29 71,400 -4,787 -0.65


230,941 224,319 -6,622 -0.29 9,003


9,029


60,511 57,811


206 0.03 26 0.03


-2.87 -6.28 -2.87 0.29


130,426 153,080 22,654 1.61 17.37 395,118 518,461 123,343 2.75 31.22 60,305 51,379


0.34


405,343 441,850 36,507 0.87 104,468 110,736 6,268 0.58 10,623


6,432 1.19 12.52 9.01 6.00


9,421 -1,202 -1.19 -11.32


111,225 122,359 11,134 0.96 10.01 Source: Virginia Employment Commission


VIRGINIA BUSINESS S7


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