Smaller Virginia cities fare better on Forbes business and careers list
- April 15, 2010
Virginia’s smaller metro areas generally outranked larger metro areas on Forbes magazine’s annual list of best places for business and careers.
Charlottesville ranked 18th on Forbes magazine’s “Best Small Places for Business and Careers.” Lynchburg and Harrisonburg ranked No. 28 and No. 29 respectively, and Winchester came in at No. 58.
However, the highest ranked city on Forbes’ “Best Large Places for Business and Careers” was Lynchburg, which landed at the No. 28th spot. The Washington, D.C., region, which includes Northern Virginia, ranked 30th. Roanoke came in at No. 39, Virginia Beach at 45 and Richmond at 50.
Forbes used 12 metrics to compare the cities, including business and living costs, job growth, income growth, educational attainment, projected economic growth, quality of life and the number of subprime mortgages issued over a three-year period.
Last year, Richmond was the highest Virginia city on the large places to do business at No. 39. Charlottesville ranked No. 11 on the list of best small places for business and careers.