March 15, 1999

Lila White
(804) 692-3110

Jill Lawrence
(804) 371-0049
Virginia Recognized as a National Economic Development Leader
--Governor Gilmore announces new business rankings from Site Selection magazine--

Richmond - Governor Jim Gilmore today announced that Site Selection, a widely-read economic development trade magazine, has ranked Virginia among the top 10 states in 1998 economic development announcements. With 462 announcements of new and expanding businesses recorded last year, Virginia was the seventh most successful state in the nation. The magazine has tallied this annual industry benchmark for more than 25 years.

"This recognition from Site Selection magazine confirms that Virginia is a national leader in economic development," Governor Gilmore said. "The hard work of our team of state, regional and local economic development professionals combined with Virginia’s positive business climate has placed the Commonwealth among America’s best states for business recruitment."

Virginia also placed seventh among the top 10 states for new and expanding global business facilities, and number two in new jobs created per one million population in Site Selection rankings.

"Governor Gilmore’s strong commitment to attracting quality jobs and investment to Virginia have helped our state win this coveted distinction," Secretary of Commerce and Trade Barry E. DuVal said. "The initiatives put forward in the Governor’s economic development plan, The Virginia Strategy, will assure our continued economic leadership into the next century."



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