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Virginia makes top 5 in Forbes Best States for Business

Virginia was named No. 5 in the 2017 Best States for Business ranking. The state was previously listed at No. 6 in 2016 and No. 7 in 2015.

Virginia has been in the top 10 since the survey’s inception in 2006 and has been ranked among the top two states every year from 2006 to 2013.

 There are six factors that Forbes uses to determine the rankings: business costs, labor supply, regulatory environment, economic climate, growth prospects, and quality of life.

The state finished in the top 10 in three categories: labor supply (3), regulatory environment (2), and quality of life (8).