Virginia Takes No. 8 in the 2014 America's Top States for Business Rankings

Virginia Takes No. 8 in the 2014 America's Top States for Business Rankings
CNBC concludes their rankings for the 2014 Americas Top States for Business. Taking the No. 1 spot is Georgia with a total of 1,659 out of 2,500 points.

CNBC concludes their rankings for the “2014 America’s Top States for Business”. Taking the No. 1 spot is Georgia with a total of 1,659 out of 2,500 points. The rankings and points are comprised of the following categories: Cost of Doing Business, Economy, Infrastructure, Workforce, Quality of Life, Technology & Innovation, Business Friendliness, Education, Cost of Living, Access to Capital.

Since the rankings began in 2007, Virginia has held its own in topping the charts taking the No. 1 spot in 2007, 2009 and 2011. However, this year the state falls to No. 8 with a total of 1,538 points, dropping from No. 5 last year. Though the Old Dominion state has improved in cost of doing business, technology and friendliness businesses, there’s been a significant decline in cost of living and economy. In recent years, Virginia has benefited from D.C.’s proximity, but has taken a fall due to the nation’s federal government reduction.

To see more on 2014’s rankings, visit CNBC

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