Richmond, Virginia – Today, CNBC released its America’s Top States for Business 2023 national rankings. CNBC’s study employs 86 metrics across ten categories of competitiveness, which are developed with input from a range of business leaders, policy experts, and the states themselves. This year’s rankings placed greater emphasis on workforce, infrastructure, and economy.

Based on Virginia’s 2023 scores, the Commonwealth moved up one spot from the 2022 ranking and was ranked second-best state for business. Ranked as the top state for business in 2021, 2019, 2011, 2009 and 2007, Virginia has been ranked at the top more than any state. Virginia has also remained in the top five for the last six years.

“It is appropriate for Virginia to be recognized as a Top State for Business. I am especially pleased to see the Commonwealth ranked first in education, as we work towards our goal of being the top state for talent,” said Barry DuVal, President & CEO, Virginia Chamber of Commerce. “The CNBC rankings continue to show that Virginia is a leader in many areas where the Virginia Chamber advocates. We look forward to continuing our work and improving in areas such as workforce, cost of doing business, and economy.”