A new report ranks states on how well they are equipped to benefit from the economy of the future.
As technology and entrepreneurial ingenuity increasingly drive globalization in the so-called "new economy", some states are pushing innovation while others are struggling to keep up.
But each state has a part to play, whether they are serving as business incubators, housing corporate headquarters or producing goods and services. These are the state best prepared for the new economy according to a new report.
Virginia has a larger share of IT jobs in non-IT industries and more fast-growing firms than most states. The state is also experiencing strong business churn – a measure of business startups and failures that indicates "innovation and productivity growth" – and an influx of highly educated workers from other states.