- July 13, 2021
- Posted by: Stratford Team
- Category: Business
Virginia Score and Ranking
Category 2021 Score 2021 Rank 2019 Rank 2021 Grade Cost of Doing Business2202635B-Infrastructure1912413C+Life, Health & Inclusion24511–BWorkforce24431AEconomy1581316B+Business Friendliness137113B+Access to Capital140915B+Technology & Innovation1041617B-Education11921A+Cost of Living293232D+Total158711–
Economic Profile
Governor: Ralph Northam, Democrat
Population: 8,590,563
GDP growth (Q1 2021): 6.0%
Unemployment rate (May 2021): 4.5%
Top corporate tax rate: 6%
Top individual income tax rate: 5.75%
Gasoline tax: 29.40 cents/gallon
Bond rating (Moody’s/S&P): Aaa, stable/AAA, stable
Major private employers: Wal-Mart, Huntington Ingalls Industries, Altria Group
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody’s Investor Service, S&P Global Market…
