Gov. McDonnell’s job creation tactics seem to have caught the eye of the U.S. Chamber.
The U.S. Chamber of Commerce report recognized Virginia as achieving the country’s second highest growth performance, along with first in cost-of-living adjusted family income growth. Virginia also ranked 10th in entrepreneurship and innovation and sixth in a taxation and regulatory environment that spurs business.
Virginia in the past has been labeled as the best place to do business, but the commonwealth was one of the few to promote free enterprise by spurring private economic development as well. It seems that even during a recession, Virginia can still surge ahead with the help of Republican leadership.
Thomas Donohue, President and CEO of the U.S. Chamber of Commerce had this to say to Gov. McDonnell:
"By embracing many of the strategies at the core of our free enterprise system -- competitive tax rates, open trade, and commonsense regulation -- states are helping to jumpstart our economic recovery and create more jobs."
Yet another success story from the McDonnell administration!