Virginia #1 for Business (once again)

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.