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Virginia's strong return after the epidemic has been the most commercially valuable state in the United States

Look at the news knows reporter Ren Meixing Pan Yi

2021-07-14 14:37

On Tuesday, July 13, local time, after winning the top spot in 2019, Virginia in the United States once again topped the competitive list of the news website CNBC. Since CNBC failed to organize rankings during the COVID-19 pandemic in 2020, Virginia became the first state to win consecutive number one.

Virginia's strong return after the epidemic has been the most commercially valuable state in the United States

According to CNBC, this is the fifth time the state has won since the start of the 2007 rankings, far surpassing other states. Despite the dramatic changes in the competitive environment caused by the COVID-19 pandemic, Virginia has achieved the same feat, a testament to the resilience of the state's business environment.

Data from the Virginia CEO Council's (VACEOs) First Quarter 2021 CEO Economic Outlook Survey shows that businesses in the state have improved expectations for sales, capital spending and jobs over the next six months compared to the end of the fourth quarter of 2020.

Virginia's strong return after the epidemic has been the most commercially valuable state in the United States

At the same time, the council also pointed out that the value of economic indicators in the first quarter of this year reached 102.8, the highest level in three years, indicating that Virginia's economy will return strongly in the late stage of the epidemic. According to the survey report, 81% of the respondents expect sales to grow, 37% expect sales growth to exceed 10%, and 46% expect capital expenditures to increase.

The CNBC rankings point out that Virginia's greatest strength lies in its ability to develop and retain talent. The state's public schools do well on tests and are reliably funded by a world-class higher education system.

Virginia's strong return after the epidemic has been the most commercially valuable state in the United States

An excellent public school system and higher education institutions give Virginia the highest-educated workforce in the United States. According to the US Census Bureau, nearly 39 percent of workers in the state have a bachelor's degree or higher. In addition, data from the US Bureau of Labor Statistics shows the state has the third highest number of science, technology, engineering and math (STEM) workers in the country.

"Education is our best tool to make our union a better place and fairer for everyone," Virginia Governor Ralph Northam said in his annual state of the union address on Jan. 13.

Virginia's strong return after the epidemic has been the most commercially valuable state in the United States

In addition, as hate crimes against Asians and Pacific Islanders raged in 2020, local lawmakers in the state slammed the violent crimes and worked to promote severe punishment at the legal level. Virginia Senators Mark Warner and Tim Kaine co-drafted the COVID-19 Hate Crimes Act, which, after passing both houses of Senate, became public law on May 20, 2021, requiring the U.S. Department of Justice to focus on covid-19-related anti-Asia Pacific-American atrocities and improve hate crime reporting mechanisms.

Virginia's strong return after the epidemic has been the most commercially valuable state in the United States

"Virginia has been through some tough times and the Virginians have been supportive of me. I'm committed to equality, to addressing the many inequalities that exist in Virginia," Northam told the media Tuesday, "and when you do the right thing for people, it's not only right for them, it's good for business, and we've demonstrated that." ”

(Editor: Kim Ri-wei)

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