America's Top States For Business CNBC, a division of NBC Universal, has been ranking state business climates annually since 2007. According to information compiled by CNBC, both from private industry sources, as well as State and Federal agencies, there have been increases and decreases in many U.S State's economies. Specifically, there have been sizable changes in state population, state GDP per capita, unemployment rates, foreclosure rates, budget gaps, and corporate tax rates. CNBC's state rankings are based on 10 categories: Cost of Doing Business, Workforce, Quality of Life, Infrastructure, Economy, Education, Technology & Innovation, Business, Friendliness, Access to Capital, and Cost of Living.

Virginia Virginia, officially the Commonwealth of Virginia, is a U.S. state, state in the Southeastern United States, Southeastern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States between the East Coast of the United States ...

was ranked as No. 1 on CNBC's "America's Top States For Business 2011".
CNBC: "America's Top States For Business 2011"
Previously in the 2010 report, Virginia was ranked as number 2 and in the 2009 report, Virginia was ranked as number 1. Virginia's current Governor is Bob McDonnell (R). The state's population is 8,001,024, with a GDP (2009 per capita) of $46,609. The unemployment rate as of May 2011 is 6.0 percent, the foreclosure rate as of May 2011 is one per 766 households, and the projected budget gap for 2012 is $2.0 billion. Also the corporate tax rate is 6.0 percent, and the largest employers are

Northrop Grumman Northrop Grumman Corporation is an American multinational Aerospace manufacturer, aerospace and Arms industry, defense company. With 97,000 employees and an annual revenue in excess of $40 billion, it is one of the world's largest Arms industry ...

, Food Lion, and Booz Allen Hamilton.

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

was ranked as No. 2 on CNBC's "America's Top States For Business 2011".
CNBC: "America's Top States For Business 2011"

North Carolina North Carolina ( ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, South Carolina to the south, Georgia (U.S. stat ...

was ranked as No. 3 on CNBC's "America's Top States For Business 2011".
CNBC: "America's Top States For Business 2011"

Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...

was ranked as No. 4 on CNBC's "America's Top States For Business 2011".
CNBC: "America's Top States For Business 2011"

Colorado Colorado is a U.S. state, state in the Western United States. It is one of the Mountain states, sharing the Four Corners region with Arizona, New Mexico, and Utah. It is also bordered by Wyoming to the north, Nebraska to the northeast, Kansas ...

was ranked as No. 5 on CNBC's "America's Top States For Business 2011".
CNBC: "America's Top States For Business 2011"

References

U.S. Government

RealtyTrac

Center on Budget and Policy Priorities

Federation of Tax Administrators

CNBC: America's Top States for Business

External links

{{Economy of the United States Economy of the United States by state or territory Economy of the United States-related lists