Virginia continues to rank No. 2 in Forbes.com’s annual list of the “Best States for Business.”
The commonwealth, which ranked as the top state from 2006 through 2009, has ranked second to Utah for the past three years.
In benchmarks used to compile the survey, Virginia ranked first in regulatory environment, second in labor supply, fourth in growth prospects, tenth in economic climate, 18th in quality of life and 22nd in low business costs.
“The state ranks on top of the regulatory category because of its strong incentive offerings and business friendly government policies,” Forbes.com said.
The website listed the median household income for Virginia at $62,936 and said it’s job growth for 2012 was running at 1 percent. Thirty-four percent of the adult population have a college degree.
The commonwealth has a gross state product of $429 billion.
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