Virginia is Best State for Business
Virginia reclaimed the Number 1 spot on the Forbes.com list of Best States for Business. Virginia was number 2 for the years 2010, 2011, and 2012.
Why has the Commonwealth moved back to the top?
If you ask Herndon injury lawyer Doug Landau, Virginia earned its rank as the best state for business because it is so cheap to do business! A friendly regulatory environment (per Forbes.com: “strong incentive offerings and business-friendly government policies”) translates to low comp rates, no real union presence or advocates for labor rights, an eviscerated Department of Occupational Safety and Health Administration (OSHA) , etc.
There can be somewhat of a disconnect between being good for businesses and being good for the “little guy.” What responsibility does a state have to its citizens (i.e., workers and employees), and how does that compare to the state’s need to attract and retain businesses for the benefit of the local economy?
These are difficult questions.
According to a Herndon Patch article, “Virginia placed first in regulatory environment; second in labor supply; fourth in quality of life; fifth in economic climate, 17th in growth prospects and 22nd in business costs”.