MoneyRates.com Names Virginia Best State to Make a Living 2012
Virginia jumped from fourth place last year to first place in 2012 as the Best State to Make a Living in the MoneyRates.com annual ranking. The ranking is based on adjusted average income compiled from four metrics — average income, cost of living, state income tax rate and unemployment rate.
The Commonwealth’s 2012 adjusted average income is $43,677, improving by $2,557 over last year. Virginia’s workforce has seen a positive outcome on multiple factors used to calculate the ranking — average income rose, cost of living decreased and January seasonally adjusted unemployment fell to 5.8 percent, a three-year low.
This ranking demonstrates one reason why Virginia is able to attract and retain a talented workforce, a critical factor in drawing leading businesses to the Commonwealth. To learn why both companies and employees continually select Virginia as the best place to do business, click here.
Site Selection Magazine’s Governor’s Cup Awards Virginia a Top 5 Ranking
Site Selection Magazine awarded Virginia a Top 5 ranking with its annual Governor’s Cup for new and expanded facilities. Virginia’s 273 new projects and expansions showed an increase of 44 percent over 2010, allowing the Commonwealth to climb from 10th place last year to 5th place this year.
To be included in the rankings, new facilities and expansions had to meet at least one of the following criteria: a minimum investment of $1 million, creation of at least 50 jobs and the addition of at least 20,000 square feet of new floor space.
Northern Virginia’s Arlington/Alexandria area received a No. 8 ranking for Top Metros with populations over one million. For metro areas with a population less than 200,000, three Virginia regions made the top 10 list. The Blacksburg/Christiansburg/Radford region was rated No. 4 and Charlottesville and Danville were both rated No. 8.
Staunton/Waynesboro, Va., received a 13th place ranking in the Top Micropolitan category. Micropolitans are defined as rural areas with a population of less than 50,000.
Virginia’s pro-business operating environment, highly skilled workforce, leading R&D centers, premier logistics network and strong quality of life are just some of the reasons Virginia continues to lead with top accolades from CNBC, Forbes.com, Pollina Corporate Real Estate and Site Selection Magazine.
To learn why Virginia is the Best State for Business and offers the right mix of resources to support your business, click here.
CCAM Receives 2012 Manufacturing Leadership 100 Award
Virginia’s Commonwealth Center for Advanced Manufacturing (CCAM) recently won a 2012 Manufacturing Leadership 100 Award (ML100) in the category of New Workforce. The awards are presented by Manufacturing Executive, a division of Thomas Publishing LLC of New York.
Created eight years ago, the ML100 Awards recognize excellence, innovation and transformational projects in the field of manufacturing. The New Workforce category seeks to honor companies that "have come up with innovative ways to bring new workers with critically needed new skills into the workplace, and to allow them to productively collaborate with and learn from existing knowledge experts," according to Manufacturing Executive.
The award criterion is a near perfect description of CCAM, which brings together leading manufacturing companies and top educational institutions to collaborate and develop new technologies that result in a more efficient manufacturing process.
CCAM’s research efforts focus on developing solutions for surface engineering and manufacturing systems. Research is already underway in labs at UVA and Virginia Tech, while CCAM's 60,000 square-foot, high-technology facility is expected to open in September 2012 in Prince George County, Va.
To learn more about Virginia’s internationally recognized R&D facilities and why companies choose Virginia for its access to cutting-edge research and technology, click here.
<< Back to YesVirginia Insider