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SPECIAL REPORT: Virginia Society of CPAs’ 2019 Virginia Economic Expectations survey


Q11 Which issue, in your opinion, is the most pressing issue for


Virginia?


Retirement systems 3.80%


Taxes 6.65%


Financial literacy 6.01%


Education 13.29%


Infrastructure 18.67%


Federal budget cuts 8.86%


Health-care costs 33.86%


Government regulation 8.86%


Q16 Please select the TOP TWO factors that have the greatest


impact in retaining or attracting new business to Virginia.


Availability of educated workforce 46.75% Pro-business climate 34.42% Geographic location / market proximity 33.44% Quality of life 24.35%


Virginia tax structure 18.51% Infrastructure


18.18%


Government tax incentives 12.99% Right-to-work laws Political climate Lending sources


5.19% 4.22% 1.95%


Q17 What would you cite as the top financial problem experienced


Health-care costs Tax climate


Lending environment / sources of capital Slow or no pay for services rendered Workers’ compensation costs Contract demands of labor unions


by Virginia businesses? 69.31%


10.56% 7.92% 6.27% 4.29% 1.65%


WELCOME TO THE TECHNOLOGY INNOVATION DESTINATION.


Virginia Beach’s future is fueled by innovative technology. For companies in need of a top-tier digital technology infrastructure, Virginia Beach is the only subsea cable landing point in the Mid-Atlantic, including the highest bandwidth and fastest ultra- high-speed subsea data cables in the world. With power partners such as Facebook, Google, Microsoft, Teléfonica/Telxius and more, we’re connecting to Europe, South America and South Africa in speeds never before imagined. Our technology infrastructure even allows for connectivity into a region-wide broadband fiber ring. For data center needs, big data analytics, and big data users, Virginia Beach is well positioned to support the next generation of technology requirements.


To learn how you can ride this next generation of innovation, contact us at 757.385.6464 or ecdev@vbgov.com.


YesVirginiaBeach.com 48 NOVEMBER 2018


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