An Attractive, Stable, and Predictable Operating Environment

Named America’s Top State for Business by CNBC and the No. 2 state for governance by U.S. News & World Report, Virginia is widely recognized for its favorable regulatory climate and is consistently rated one of the best-run states in the country. Having maintained a AAA bond rating since 1938, longer than any other state, Virginia offers a stable tax environment and competitive wages, construction costs, and industrial lease rates. Virginia also has one of the oldest right-to-work laws and the 4th-lowest private-sector unionization rate in the country at 2.5%. In every region, Virginia is at low risk for natural hazards, so automotive industry operations are at low risk for disruption.