ROANOKE, Va. (WFXR)—According to Forbes Magazine, Virginia ranks as the second-best state in the United States for Business Growth. The list was made by analyzing data from the Bureau of Labor Statistics to identify the business growth rate in each state. The stats are based on the number of business establishments in Dec. 2021 compared to where they stand the following year. According to the magazine, Virginia experienced an impressive business growth rate of 10.5% during the observed time period. “The state offers many small business incentive programs, including the Virginia Enterprise Zone, which has many benefits, ranging from tax exemption for rehabilitated structures to tax credits for creating employment,” states Forbes in the rankings list.

Source: Forbes November 17, 2023 23:12 UTC