Virginia

Overview

The history of the US is closely wrapped with the history of Virginia. Jamestown was founded in 1607 and was the first permanent English settlement in North America. Virginia saw the end of both the Civil War and the Revolutionary War due to the surrenders at Yorktown and Appomattox. Eight US presidents were born in Virginia. Today, the most valuable source of income is in business and personal services, and the state is experiencing steady growth in the technological sector. Tobacco was once the basis of Virginia’s economy, but it has since been surpassed in the agricultural field by livestock and their products. Virginia is the leading producer of turkeys in the states. Virginia is a great place to inexpensively have relative access to the large Northeast markets.

Industry Stats

• There are more economists in Virginia than travel agents.

• There is only one primary care physician for every 75 people in this state.

• In Virginia in 2015, the average spent for a couple’s engagement ring was $3,496. Almost three times as much as the average spent on both wedding bands.

• There are more US Navy members than people who work in car dealerships and more computer system design engineers than US Navy members.

• A staggering 146,709 people work in national security and international affairs in Virginia.

• Virginian couples spent over $5 million on flower petals for weddings held in 2015.

Virginia’s regulations and taxes are extremely friendly towards startups and existing small business owners. The state boasts good environmental regulations, tax codes, easy licensing, and cheap hiring costs. Added together, these regulations ensure small business owners have an easy time getting up and running.

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