The carnage of the recession is everywhere nationwide with bankruptcies, foreclosures and rising unemployment. None of the 50 states are immune. Only two, Alaska and North Dakota, it is expected that job gains this year. Maryland, North Dakota and Virginia () by a hair are the only states where the economy will likely expand in 2009. Accommodation? Every state has experienced a decline in median home price last year
The recession has hit our rank fourth annual Best States for business with some big movers up (North Dakota, Oregon and Iowa) and several former high-flyer on the way down (Florida, Nevada and Arizona met).
Amidst this chaos, Virginia for first place with the best business climate in the country for the fourth consecutive year appropriated. Virginia economy has worsened, with unemployment in the amount of 60% while the gross state product is flat and household income would fall by 4%, to West Chester, Pennsylvania-based research firm Moody’s Economy.com.
For the rest of the country in comparison, but Virginia is booming. The unemployment rate of 6.5%, the lowest in the fifth country with four states to support him all the small economies and employment. Virginia is the only state in the top 20 in each of the six categories we examined. The state has) done in the first three (in half of these categories of labor supply, regulatory environment and quality of life. Economy of 325 billion U.S. dollars from Virginia, where the 10th largest in the United States in 2009.
The state benefits from a well-trained workforce that will in the next five years to develop. Energy costs are 30% below the national average. Environment illegal state ranks fifth nationally, according to the California think tank Pacific Research Institute. The finances of the state government are in good condition – it is a maximum rated AAA by Moody’s since 1971. Eleven public companies with more than 10 billion U.S. dollars revenue from communications in the home, including Altria, General Dynamics and Capital One Financial.
Smart Incentives help. Each year, Park Ridge, Ill.-based Pollina Corporate Real Estate, a study that compares the economic development services and government programs. This year, topped Virginia Pollina study after completing second in last year.