Gov. Bob McDonnell gloated last year when Virginia topped CNBC’s annual rankings of the top states for business.
But Virginia has to settle for third on this year’s list, finishing behind Texas and Utah. The rankings were revealed today. Virginia had never finished lower than second in the CNBC rankings since the cable network began its annual survey in 2007.
Infrastructure, particularly transportation, was cited as a shortcoming this year for Virginia, which dropped from 10th to 33rd in that category. The state also dropped a couple of spots to 10th for its economy, largely because of its proximity to the nation’s capital and the federal government’s fiscal crisis.
More on the CNBC rankings can be found here.
– Michael Sluss