CNBC’s annual ranking for “America’s Top States for Business” was released on July 10th. Virginia came in third on the list, being edged out by Texas, at the top of the rankings, and Utah coming in second.
Virginia stood at number one in the annual ranking in 2007 and 2009, and second in 2008, 2010, and 2011. However, the Commonwealth state faltered this year due to its rapid growth in population. One of the categories used to accumulate the overall ranking was Infrastructure & Transportation. CNBC said, “…specifically the state’s perpetually clogged highways — has long been an issue in fast-growing Virginia, and there is fresh evidence this year that the state is having trouble keeping pace.” It was also said that Virginia has “some of the county’s toughest commutes.”