Virginia’s Economic Success: Insights from 2024 Legislation and a Look Ahead to 2025

January 8, 2025

On Jan. 5, 2025, McGuireWoods Consulting’s Margaret Rockwell has authored an insightful article in University of Richmond School of Law’s Richmond Public Interest Law Review, detailing economic development legislation proposed in 2024 that highlights Virginia’s enduring success as a top destination for business.

In 2024, Virginia earned CNBC’s “Top State for Business” designation for a record-breaking sixth time, a testament to the Commonwealth’s strong foundation in education, wage growth, infrastructure, and commerce. Using key legislative initiatives introduced during the 2024 General Assembly session, Margaret’s article explores Virginia’s leading economic development policies that have positioned the Commonwealth for continued success.

The piece also examines demographic trends reshaping Virginia’s workforce and economy, underscoring the importance of adapting economic development policies to meet new challenges. Looking ahead, Margaret previews legislation that could emerge in the 2025 General Assembly session, further shaping Virginia’s competitive edge.