US EditionVirginia Drops to No. 4 in CNBC's Top States for Business Ranking ...
VIRGINIA, UNITED STATES, JUL 10 – Virginia fell from first to fourth in CNBC's Top States for Business due to federal job cuts and slower job growth, despite maintaining top education and infrastructure rankings.
- Virginia dropped to fourth place in CNBC's 2025 Top States for Business ranking, its worst result since 2018.
- This decline followed federal cuts under President Trump, which disproportionately affected Virginia's economy reliant on over 144,000 federal jobs.
- CNBC used 135 metrics across 10 competitiveness categories including workforce, education, and quality of life, where Virginia still ranks in the top ten.
- Governor Youngkin backs the federal job reductions and has introduced a website to assist displaced workers, highlighting that there are currently a quarter of a million vacancies across the state that remain unfilled.
- The drop signals challenges from federal cuts but Virginia retains strengths in private sector growth, education, and fiscal stability amid rising economic anxiety.
24 Articles
24 Articles
Why has Virginia fallen to No. 4 in the CNBC ranking? Depends on whom you ask.
RICHMOND, Va. It's become a point of pride for the leader of any state: where are you in CNBC's America's Top States for Business rankings?This year Virginia lost the top spot to North Carolina, falling to fourth, its lowest ranking since 2018.Before you dismiss the CNBC rankings as clickbait, consider state leaders and more importantly, the business community take them seriously.The rankings are comprised of some 135 metrics across 10 categorie…
CNBC knocks Virginia down in business rankings and more state headlines • Virginia Mercury
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Virginia loses its CNBC ranking as the No. 1 state for business. Here’s why.
The champion has been dethroned. Virginia, which last year was CNBC’s “best state for business,” and which has occupied the No. 1 spot a record six times, has been demoted in this year’s rankings to fourth place. It’s the state’s worst showing since 2018. This is an awkward moment for Virginia Republicans. In his 2021 campaign for governor, Glenn Youngkin often dinged Democrats for costing the state its No. 1 rating and promised to build a “rip-…
Virginia no longer ranked as America’s top state for business
RICHMOND, Va. (WRIC) -- Virginia is no longer America’s top state for business. “North Carolina, Florida, Texas, they had a slightly better run, but what we’re talking about is a fraction of a point's difference getting us to this place,” John Provo, Executive Director of Virginia Tech’s Center for Economic and Community Engagement, told 8News. Virginia has fallen to number four in the latest CNBC rankings, after claiming the top spot in 2024.…
Richmond Times-Dispatch
Virginia falls out of top spot as CNBC's best state for business
Virginia, named No. 1 last year, fell to fourth in the new ranking that the cable network unveiled on Thursday morning. North Carolina took the top spot.
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