NASHVILLE, Tenn., April 24,
2024 /PRNewswire/ -- CEOs surveyed for Chief
Executive magazine's annual list of the Best and Worst States
for Business ranked Virginia as
the top Mid-Atlantic state and the 12th-best state for business
overall, maintaining its position on the list from last year. The
rankings, released in the Spring issue of Chief Executive,
reflect Virginia's ongoing efforts
to expand and invest in local communities.
The ranking is based on a survey of more than 500 CEOs across
the country who were asked to rate states based on their opinion of
how easy it was to do business in that state versus others.
Virginia's high ranking is a
reflection of the state's commitment to create a welcoming
environment for businesses of all sizes and industries.
"Virginia truly stands out as a
beacon for success in the Mid-Atlantic region," said Chris Chalk, Publisher, Chief Executive
magazine. "From its strong economy to its world-class education
system and quality of life, Virginia offers businesses a competitive
edge."
Virginia remains a thriving hub
for tech companies and organizations seeking to position their
headquarters near Washington, D.C.
Amazon, which already has a significant presence in the state, also
announced in January it will invest $35
billion by 2040 to establish new data centers and create
1,000 jobs across Virginia.
"Virginia is a world leader in
innovation and cloud computing, thanks to its investment in a
robust, highly skilled workforce and emphasis on long-term public
and private partnerships," says Roger
Wehner, Director of Economic Development at Amazon Web
Services.
Here's what some of the CEOs we surveyed had to say about why
they ranked Virginia so
highly:
"Virginia is a safe and stable
total package with ability to host almost all industries and is the
best state for talent all things considered."
"Virginia is pretty easy to
navigate for business licenses and other admin items; reasonable
taxes; somewhat supportive of small woman-owned businesses, but
requirements are weak-- they are more suggestions."
"Great resources, great people, reasonable taxes, lots of
opportunities."
"Business supportive state government and right to work state.
Great infrastructure and amenities for employees."
The Top 5 States for 2024:
1. Texas
2. Florida
3. Tennessee
4. Arizona
5. North Carolina
The Bottom 5 States for 2024:
46. Washington
47. New Jersey
48. Illinois
49. New York
50. California
Biggest Gain, 2023-24:
North
Dakota, + 13 to 16th place
Biggest Loss, 2023-24:
Colorado, - 16 to 29th place
Enhanced Coverage online:
https://chiefexecutive.net/best-worst-states-business/
About Chief Executive/Chief Executive Group
Chief Executive Group, a leading community for business leaders
worldwide, exists to improve the performance of U.S. CEOs, CFOs,
CIOs, CHROs and corporate directors. We publish Chief Executive
magazine, ChiefExecutive.net, Corporate Board Member magazine,
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StrategicCHRO360.com, and run some of the nation's most essential
peer-networking communities, including The CFO Leadership Council,
Chief and Senior Executive Networks, Corporate Board Member Network
and The American College of Corporate Directors. Learn more at
ChiefExecutiveGroup.com.
For media inquiries, please contact:
Dan Bigman, Editor
Chief Executive
376643@email4pr.com
203-889-4980
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SOURCE Chief Executive Group