News & Press Releases Ranks Virginia No. 4 Best State for Business in 2018

Nov 29, 2018, 10:28 AM ranks Virginia No. 4 Best State for Business in 2018

November 29, 2018

Montgomery County, Virginia
Economic Development Department


Montgomery County, Virginia – On November 28, 2018, released their "Best States for Business 2018" rankings, with Virginia coming in at the number 4 spot.  This brings Virginia up one spot from the 2017 rankings.  Since 2006, has been ranking all 50 states based on their business climates, with Virginia having secured the top spot five times over the years.  

The rankings for "Best States for Business" are based on 41 metrics within six main categories including business costs, labor supply, regulatory environment, economic climate, growth prospects, and quality of life.  Virginia ranked #1 in both the quality of life and regulatory environment categories, and #3 in the labor supply category.

For the entire "Best States for Business" ranking report, 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!