Virginia is No. 9 for 2009 corporate investment
- March 4, 2010
Virginia ranked ninth on Site Selection magazine’s annual list of states with the largest private-sector investments.
In 2009, Virginia had 19 new manufacturing facilities, 66 manufacturing expansions and 106 other corporate expansions or locations, according to Conway Data Inc.’s New Plant Database. The commonwealth had a total of 193 corporate projects.
Ohio ranked No. 1 on the list for the fourth year in Site Selection’s “Governor’s Cup.” It was followed by Texas, Michigan, Pennsylvania and Tennessee.
Two Virginia cities ranked in the magazine’s top 10 least expensive locations for a regional headquarters. Virginia Beach ranked No. 3 at $21.8 million in annual costs, while Richmond ranked ninth at an estimated $22.4 million each year.
On the magazine’s list of top metropolitan areas, Washington, D.C., and Virginia Beach tied for 10th place with 53 projects each in 2009. For metropolitan areas with fewer than 200,000 people, Winchester ranked third with 11 projects and Danville tied for sixth with nine projects.