It is fun to be No. 1. Virginia had a taste of life at the top back in 2007 when CNBC named Virginia the “Top State for Business.” That was the first year the business-news network conducted such rankings.
Nowadays there are a lot of annual rankings of the best states for business. Virginia’s top-ranked performance has slipped lately for many reasons, including its cost of living and the effects of federal budget cuts. The 2017 CNBC ranking, for example, ranked Virginia seventh among the 50 states. That actually was an improvement. The year before, the commonwealth was No. 13.