RICHMOND, VA – Business Facilities today announced that Virginia has been named the 2024 State of the Year, the highest honor bestowed by the publication. This is the second occasion that Virginia has won in the past four years and the third instance overall.

This prestigious award recognizes Virginia’s strong business-friendly environment, including legislation and incentives, workforce development programs, and the wide range of companies that have chosen the Commonwealth for expansions and relocations. Business Facilities highlighted the Virginia Business Ready Sites Program, the Virginia Talent Accelerator Program (the publication’s No. 1 Customized Workforce Training Program in 2023 and 2024), and selected major investments as key reasons for the honor.

“As the leading voice of business in the Commonwealth, the Virginia Chamber of Commerce is very pleased that Virginia has received yet another honor recognizing its leadership and strong economic development partnerships,” said Barry DuVal, President & CEO of the Virginia Chamber of Commerce. “This award reflects the tireless efforts of the Chamber, which does not endorse candidates, but endorses ideas. This winning strategy enables the Chamber to advance pro-business interests and work collaboratively with Virginia’s leaders in the Governor’s office and General Assembly.. Thank you to our strategic partners for working with us to ensure Virginia remains a leader in the global economy and the best state to do business.”

This recent achievement follows CNBC’s recent ranking of Virginia as America’s Top State for Business from earlier this year.

Please see below for Governor Youngkin’s press release. You can also read the full announcement from Business Facilities here.

###

About the Virginia Chamber Foundation:  

The Virginia Chamber Foundation tracks Virginia’s economic competitiveness, conducts research and analysis, and hosts programs, connected to the priorities of Blueprint Virginia. In December 2021, the Chamber released its new statewide strategic economic development plan, Blueprint Virginia 2030, which engaged over 7,000 business, economic development, workforce, education, housing, and other community leaders to lay out a plan to ensure Virginia remains at the top of national business climate rankings. Learn more at  www.blueprintvirginia.org.

About the Virginia Chamber of Commerce:

The Virginia Chamber of Commerce is the largest business advocacy organization in the Commonwealth, with more than 33,000 members. The Chamber is a non-partisan, business advocacy organization that works in the legislative, regulatory, and political arenas to act as the catalyst for positive change in all areas of economic development and competitiveness for Virginia. Learn more at https://vachamber.com/.