Virginia has climbed a spot in CNBC’s annual ranking of the best states for business, a year after federal job cuts helped knock it out of the No. 1 position.
The state placed third in the 2026 rankings released today (Thursday), up from fourth last year. Ohio took the top spot for the first time, followed by North Carolina, with Texas and Minnesota rounding out the top five. CNBC scored all 50 states on 138 metrics across 10 categories in the study, now in its 20th year.