Virginia: Best Place to do Business
Mechanicsville, VA â€“ Virginia has been named â€œBest State for Businessâ€ by Forbes.com for the second year in a row. Del. Christopher K. Peace (R-Mechanicsville) today joins Virginians in celebrating this distinguishing accomplishment.
â€œVirginiaâ€™s #1 ranking again this year is a testament to our dedication to policies that encourage businesses to expand and relocate to the Commonwealth,â€ said Peace. â€œBy keeping our tax burden low and our regulations reasonable, and by further developing our work force, Virginia can continue at the top of this ranking next year.â€
Virginia finished in the top 10 in four of the six main categories examined. Forbes.com studied business costs (cost of labor, energy, and taxes), labor issues (educational attainment, net migration, and projected population growth), regulatory climate (regulatory and tort environment, incentives, and bond ratings), economic climate (job, income, and gross state product growth, as well as unemployment and corporate headquarter relocations), growth prospects (projected job, income, and gross state product growth, as well as announced business openings and closings), and quality of life (index of schools, health, crime, cost of living, and poverty rates).
Virginia's top attributes include an incentive environment that is the fourth-best in the country, as well as an unemployment rate that's the third lowest in the nation.
Peace notes, â€œWorking together we can seek to continue the business friendly climate in Virginia by stimulating economic growth and making sound investment decisions.â€
Delegate Christopher K. Peace was elected to represent the 97th District of the Virginia House of Delegates on January 24, 2006. The 97th District includes parts of Hanover, Caroline, King William, King and Queen, Henrico, Spotsylvania Counties and all of New Kent County. Peace now sits on the prominent House of Courts of Justice, Health Welfare and Institutions, and Science and Technology Committees.