Economy, job losses drag Virginia down in CNBC rankings
Axios1 day
Virginia Drops to 4th in CNBC Business Rankings
Above: The skyline of Richmond, Virginia, on Oct. 20, 2021. Image copyright: Robert Knopes/UCG/Universal Images Group/Getty Images
The Spin
Democratic narrative
Virginia's relative decline is a direct result of Republican policy. But instead of championing the state's interests, Virginia Republicans have cheered on the same federal cuts that have brought layoffs and uncertainty. Her loyalty to Trump over the Commonwealth demonstrates why Virginians can't afford to elect Winsome Earle-Sears as governor later this year.
Republican narrative
Contrary to CNBC's rankings, Virginia is stronger and more economically prosperous than ever — with record private sector and job growth, four consecutive years of budgetary surpluses, and $121 billion in committed private investment. The new ranking mistakenly includes methodology that falsely ascribes risk to Virginia's economy from the administration's federal spending policies.
Editor's Note
This story currently has limited reporting from right-wing sources. We will continue to monitor all major outlets and update our coverage as additional perspectives become available.