BUSINESS

Va., La. rated top states for economic growth potential

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Virginia and Louisiana lead the list for states with the most economic growth potential, according to the Business Facilities' 2011 State Rankings Report.

The report cites Virginia’s close proximity to D.C. and government contractors choosing the Commonwealth for corporate headquarters, including Northrop Grumman and ITT's Defense & Information Solutions unit.

Virginia has launched the Commonwealth Center for Advanced Manufacturing (CCAM), a unique collaborative research facility in Prince George County. And Gov. Bob McDonnell issued an executive order creating a state Economic Development and Jobs Creation Commission as one of his first acts in office.

"Virginia has staked a claim as a national center for advanced manufacturing," said Business Facilities Editor-in-Chief Jack Rogers. "The CCAM will be a job-growth engine for years to come."

The top 10 states in the report in order are: Virginia, Louisiana, South Carolina, Utah, Georgia, Texas, Tennessee, Kentucky, Indiana, and Nebraska.

Read the full article at Business Facilities.

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