Virginia drops multiple places in CNBC's Top States for Business
Virginia's neighbor North Carolina claimed the top spot for 2025, CNBC revealed Thursday. Last year, Virginia barely beat then No. 2 North Carolina.
The cable and satellite business news TV channel reported the results from aboard the Battleship North Carolina in Wilmington. The network's study scores all 50 states on 135 metrics across 10 categories of competitiveness.
Virginia scored 1,578 out of a possible 2,500 points, ranking No. 1 for education and second for infrastructure. The state also ranked in the top 10 for quality of life, technology and innovation, business friendliness and access to capital.
The study revealed that budget cuts and tariffs dropped Virginia to 14th for economy. CNBC special correspondent Scott Cohn said this is Virginia's worst showing since 2018.
Virginia outmatches other states in being ranked No. 1 six times on the list since the project began in 2007. The 2025 top five states include No. 2 Texas, No. 3 Florida and No. 5 Ohio. The rankings for all 50 states are available at topstates.cnbc.com.
Sandra J. Pennecke, 757-652-5836, sandra.pennecke@pilotonline.com
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