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Virginia #1 for Business (once again)

July 29, 2009 by Danilo Bogdanovic  
Filed under News

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CNBC just named Virginia as the number one place for business in the country and U.S. News and World Report named Virginia among “Five Best States to Start a Business”. Things such as the personal income tax rate (top tier is 5.75 percent), corporate tax rate (has remained at 6 percent for last 30 years), lower than average unemployment and foreclosure rate all helped Virginia regain the top spot.

If you look around Northern Virginia including Loudoun County, you’ll notice big names such as Verizon, AOL, Oracle, Volkswagen/Audi, Airbus, Rolls Royce and Amazon.com as well as a slew of government contractors and small businesses everywhere.

On a related note…though Virginia was number one as a state, perhaps Loudoun could get a bit more business friendly so that we don’t keep losing businesses to Fairfax County and other neighboring counties in Virginia (i.e. Volkswagen/Audi, Hilton, etc). Just my $0.02.

Hat tip to NRVLiving.

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2 Comments on "Virginia #1 for Business (once again)"

  1. Clinton Wivell on Wed, 29th Jul 2009 10:28 am 

    Hey Danillo,
    I’ve been an active reader for about 2 years now. My brother, MJ Wivell, clued me into your blogs and I have found it very useful…especially your tip to use franklyMLS.

    I’m not sure if you’ve followed Peter Schiff on YouTube, but he is making a serious push for the US Senate in 2010. If you haven’t I’d encourage you to visit, http://schiffathon.com/.

    If you find his views appealing, I’d encourage you to support his campaign and pass the torch to some other like minded free enterprisers.
    If not, ignore the message.

    Keep up the good work on your blogs!
    Clinton

  2. Danilo Bogdanovic on Wed, 29th Jul 2009 10:49 am 

    Hey Clinton,

    Thanks for reading my blogs especially for the last 2 years! And how’s MJ doing? Haven’t chatted with him for a while – need to catch up with him.

    Haven’t followed him too much in the past, but am starting to more now. I’m doing my homework on him now.

    Thanks again for reading and commenting! If you ever have a specific real estate related question, drop me a line any time.

    Danilo

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