Commonwealth of Virginia
Office of Governor Bob McDonnell
FOR IMMEDIATE RELEASE
June 27, 2011

Office of the Governor
Contact: Jeff Caldwell
Phone: (804) 225-4260
E-mail: Jeff.Caldwell@Governor.Virginia.Gov

Virginia Economic Development Partnership
Contact: Suzanne West
Phone: (804) 545-5806
E-mail: Swest@yesvirginia.org

MWV
Contact: Scott Openshaw
Phone: (804) 444-7721
E-mail: mediainquiries@meadwestvaco.com

Governor McDonnell Announces MeadWestvaco Corporation to Invest $285 Million in Covington Plant

Intelligent Community Forum Names Arlington County among 2010 Top Seven Intelligent Communities of the Year

(Honolulu, Hawaii & New York, New York, January 20, 2010) – The Intelligent Community Forum named Arlington County, in Northern Virginia as one of its 2010 Top Seven Intelligent Communities of the Year. Click here to see the full announcement. The Top Seven announcement is the second stage of ICF’s annual Intelligent Community awards cycle.

– Commonwealth rises from No. 2 spot to garner second top ranking in 3 years –

RICHMOND – Governor Timothy M. Kaine today announced that for the second time during his administration, CNBC has named Virginia its "Top State for Business". This best-in-the-nation ranking was based on a wide range of factors, from workforce quality to broadband infrastructure, and reaffirms that "Virginia has what it takes to emerge from an economy turned upside down." Virginia received CNBC's top ranking in 2007 and was ranked second in 2008. This is the fourth time in the last month that Virginia has received national acclaim as a top place to do business.

"This recognition shines an international spotlight on the Commonwealth, distinguishing Virginia as a stellar business location-an especially important distinction in the current economic climate," said Governor Kaine. "This designation, and others before it, demonstrates that our efforts to recruit quality jobs, prepare our workforce, and invest in education and innovation are necessary and effective steps to ensure a prosperous future for Virginia."

RICHMOND– Governor Timothy M. Kaine today highlighted Virginia’s ranking among the “Five Best States to Start a Business.” The recognition by U.S. News & World Report this week comes on the heels of the Commonwealth’s sixth number one ranking for its pro-business environment.



“The latest accolades accorded the Commonwealth demonstrate that Virginia remains a power player among business-friendly states,” said Governor Kaine. “As we work to get our economy back on track, it’s great to be recognized for continuing to attract innovative businesses to Virginia.”



“Virginia makes a great effort to assist in the establishment of small businesses with programs that streamline the startup process and connect entrepreneurs with resources,” said Virginia Secretary of Commerce and Trade, Patrick Gottschalk. “Our business one stop electronic business formation system is continually growing in popularity with Virginia’s entrepreneurs.”



From U.S. News & World Report: “Virginia- This state is not just "purple" in its voting patterns. Like blue states such as Massachusetts, It mixes the highly educated workforce and technological sophistication. And like red states such as Texas, Virginia is known for its low taxes. This state boasts the highest number of information technology jobs in non-IT industries as a total share of jobs, which indicates that Virginia’s businesses are more technologically advanced than businesses in other states.”



Virginia has been recognized as the most business-friendly state six times under the leadership of Governor Kaine. Last month, Pollina Corporate Real Estate Inc., a top U.S. corporate site relocation expert, ranked Virginia first in its annual study of pro-business states, marking the third time for the third time overall. During Governor Kaine’s administration, Virginia has also been recognized as the most business-friendly state in America (Forbes.com 2006-2008), one of the best states for business (CNBC 2007 and 2008), the top-performing state government in America (Governing Magazine 2008) and the state where “a child is most likely to have a successful life (Education Week 2007).”



To compile their report, U.S. News & World Report examined two leading studies that measure a state’s ability to promote entrepreneurship: the 2008 New State Economy Index from the Kauffman Foundation and the Information Technology and Innovation Foundation, and 2008’s Small Business Survival Index from the Small Business and Entrepreneurship Council.

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