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Explore Virginia
Explore Virginia

Business Climate

A business climate built for long-term growth

Virginia offers companies a business climate built on stability, predictability, and long‑term confidence. Pro‑business policies, disciplined fiscal management, and a competitive operating environment give companies a place to invest, plan ahead, and compete long term.

Two people walking down a staircase in a well-lit room with other people around Nestlé USA, Arlington

Why companies choose to land and grow in Virginia

A strong business climate goes beyond rankings alone. In Virginia, it is backed by clear policies, fiscal discipline, and an operating environment that helps companies make long‑term decisions with greater certainty.

Virginia is consistently ranked a Top State for Business in the United States by CNBC, reflecting a competitive operating environment, strong fundamentals, and long‑term appeal to employers and investors.

Since 1972, Virginia has maintained a stable 6% corporate income tax rate — lower than the median 6.5% — providing companies with long‑term predictability in a nationally competitive tax environment.

Virginia has held a AAA bond rating since 1938 — longer than any other state — reflecting decades of disciplined financial management and sound economic policy.

Virginia is one of the nation’s longest‑standing right‑to‑work states and the northernmost on the East Coast, offering companies added flexibility along the I‑95 corridor.

Virginia is a Top State for Business

Virginia has placed in the top 5 states for eight years running in the annual CNBC rankings, securing the No.3 spot in 2026.

No. 3

America's Top State for Business

Source: CNBC, 2026

No. 1

Customized Workforce Training Leader in the U.S.

Source: Business Facilities, 2023 | 2024 | 2025 | 2026

No. 1

Workforce Training Program

Source: Area Development, 2025

No. 2

Top State for Business - Infrastructure

Source: CNBC, 2025 | 2026

You're in good company

From household names to emerging leaders, businesses of all kinds have found their home in Virginia.

Amazon Logo
Capital One logo
CoStar Group logo
Hershey Logo
Merck Logo
Dollar Tree logo
Eli Lilly Logo
AstraZeneca logo
Volvo logo
Black Hilton logo
Canon 2024 logo
HII logo
CGI logo
Dupont logo
Nestle logo
Appian new logo
accenture logo
Freddie Mac logo
Blue Northrop Grumman logo
Carmax 2024 logo
Meta Logo
Amazon Logo
Capital One logo
CoStar Group logo
Hershey Logo
Merck Logo
Dollar Tree logo
Eli Lilly Logo
AstraZeneca logo
Volvo logo
Black Hilton logo
Canon 2024 logo
HII logo
CGI logo
Dupont logo
Nestle logo
Appian new logo
accenture logo
Freddie Mac logo
Blue Northrop Grumman logo
Carmax 2024 logo
Meta Logo
Read success stories here

Meet your

partners

David Devan
David Devan
Senior Vice President, Policy & Strategic Partnerships

David draws on a background in investment banking and economic analysis to shape the policies and site investments that make Virginia competitive. His years advising corporations and working on mergers & acquisitions help him see what companies need before they even ask.

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Ted Sniffin
Executive Vice President

As Executive Vice President of the Virginia Economic Development Partnership (VEDP), Ted Sniffin helps shape and execute Virginia's business development strategy, supporting efforts to attract new investment, expand existing businesses, and strengthen the Commonwealth's economic competitiveness. 

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Virginia’s business climate offers stability, competitive policies, and fiscal strength that help companies invest, plan, and grow long-term.