News & Press Releases

Virginia ranks 7th in CNBC's Top States for Business 2017

Jul 12, 2017, 10:28 AM

Virginia moves up 6 spots in CNBC's Top States for Business 2017

July 12, 2017

Montgomery County, Virginia
Economic Development Department


Montgomery County, Virginia – CNBC just released its America's Top States for Business 2017 rankings.  Out of 50 states, Virginia moved up six spots from the 2016 rankings to place number 7 in this year's rankings.

CNBC's rankings are based on more than 60 measures of competitiveness, with input from a broad and diverse array of business and policy experts according to CNBC.  Out of the 60 metrics, they are then broken down into 10 broad categories weighted by how frequently each category is used as a selling point for the state in their economic development marketing materials.  These categories include workforce, infrastructure, cost of doing business, economy, quality of life, technology and innovation, education, business friendliness, access to capital, and cost of living.

Out of the ten categories, Virginia ranked very well in both Workforce, placing 2nd, and Business Friendliness, placing 7th, out of all 50 states.  To read more about CNBC's Top State for Business 2017 rankings, please visit


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mcded logo blueMontgomery County, Virginia - home of Virginia Tech and the towns of Blacksburg and Christiansburg - is a progressive, technology-driven community with an abundance of outdoor amenities. The Montgomery County Economic Development Department actively supports the startup, retention and expansion of companies in Montgomery County as well as the recruitment of new businesses to the community.  To learn more, visit

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The Montgomery County Department of Economic Development (MCDED) offers a number of free and confidential services and resources to help companies large and small. We welcome the opportunity to provide direct assistance to companies interested in starting, expanding or relocating a business in Montgomery County, Blacksburg and Christiansburg. Contact us today!