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Virginia named “State of the Year” by national publication

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Business Facilities magazine has named Virginia its “State of the Year.” 

The national magazine is read by corporate site selectors and economic development professionals.

“Virginia snared more than $5.5 billion in capital investment for its top two projects, and its top five job-creation efforts netted nearly 28,000 new jobs in a diverse and well-executed growth strategy that has made VA a high-tech force to be reckoned with,” Business Facilities’ Editor-in-Chief Jack Rogers wrote.

The magazine cited Amazon’s decision to locate part of its second headquarters in Northern Virginia and the commonwealth’s investment in fiber-optic networks, which has helped the area become the largest concentration of data centers.

“The 21st-century infrastructure that Virginia has meticulously installed will serve as a fertile root system that will nurture a lush forest of high-tech enterprises in the commonwealth for years to come,” Rogers said. “Virginia not only is ready to compete in the emerging high-tech battleground—it shows every intention of dominating the field.”

The magazine also mentioned Micron’s August announcement that it would complete a $3 billion semi-conductor expansion.

Virginia also ranked high on Business Facilities’ 2018 State Rankings Report released this summer. In those rankings, Virginia was No. 2 on its list for Cybersecurity Jobs Leaders, No. 5 on its Best Business Climate and No. 7 on its Economic Growth Potential lists. 


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