BUSINESS

Virginia Climbs to No.3 in CNBC Business Rankings

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RICHMOND, Va. — Virginia rose one spot to No. 3 in CNBC's annual 'Top States for Business' ranking, published Thursday, July 9, 2026, after scoring 1,595 points across ten categories under a methodology that placed greater weight on infrastructure than in the prior year. The commonwealth ranked second in infrastructure, sixth in technology and innovation, and seventh in quality of life. State officials and Gov. Abigail Spanberger highlighted the ranking this week, noting recently signed laws addressing healthcare, housing affordability and business investment and the creation of the InternshipsVA program to connect employers and college students. Reported economic indicators include 0.5% first-quarter GDP growth and a 3.8% unemployment rate as of June 2026; Ohio ranked first with 1,623 points and North Carolina second with 1,614 points.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

2018: Virginia recorded its lowest CNBC ranking since 2018.
2024: Virginia held the top spot in CNBC's Top States for Business.
2025: Virginia fell to fourth place in the annual CNBC ranking.
Early 2026: Governor Spanberger signed laws addressing healthcare, housing affordability and business investment and announced InternshipsVA.
July 9, 2026: CNBC published the updated list; Virginia rose to No. 3 with 1,595 points.

Why This Matters to You

Virginia's rise in business rankings means a stronger economy. That's good for jobs, housing, and quality of life. Check out the InternshipsVA program if you're a college student or employer. It's a new way to connect.

The Bottom Line

Virginia's focus on infrastructure and innovation is paying off. The state's climbing the ranks in business-friendly states. If you're thinking about starting a business, Virginia's looking like a solid choice. Worth forwarding if you know someone considering a move.