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Introduction The Big Book ANNUAL ECONOMIC DEVELOPMENT ISSUE Great expectations Virginia has a host of ambitious projects underway


The View at Tysons development will include the 600-foot Iconic Tower. Rising higher than the


Washington Monument, it will be the tallest building between Philadelphia and Charlotte, North Carolina.


by Richard Foster T 46 | MARCH 2020


here was perhaps no greater portent last year of Virginia’s rising fortunes than the news that the Old Dominion had regained its perch as the nation’s


No. 1 state for business. After eight years, CNBC once again ranked


Virginia No. 1 in its annual Top States for Busi- ness study. The business news network cited Virginia’s successful bid to land Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters as the deciding factor. The headquarters, which will employ 25,000 workers by the end of the decade, is under development in Arlington County.


“By the numbers, Virginia is not only the best


state for Amazon; it is America’s Top State for Business,” CNBC wrote in its July 2019 article announcing Virginia’s top ranking. “The state has the nation’s best workforce, including the fourth- highest concentration of science, technology, education and math (STEM) workers. Strong school test scores, small class sizes and a wealth of colleges and universities make Virginia’s education system the best in the nation. And with Virginia Tech announcing plans to build a new campus adjacent to Amazon’s HQ2 focused on innovation, things could get even better.”


Rendering courtesy Clemente Development Co.


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