Forbes Magazine Special Report

The Best States For Business

Kurt Badenhausen, 09.23.09, 06:00 PM EDT

The recession hit everywhere, but Virginia is booming compared with the rest of America.  

The carnage of the economic downturn is everywhere with bankruptcies, foreclosures and unemployment soaring nationwide. None of the 50 states are immune. Only two, Alaska and North Dakota, are expected to see employment gains this year. Maryland, North Dakota and Virginia (by a hair) are the only states where the economy is projected to expand in 2009. Housing? Every state saw a decline in median home prices last year.

The recession has shaken up our fourth-annual ranking of the Best States for Business with some big movers up (North Dakota, Oregon and Iowa) and some former high-fliers on the way down (Florida, Nevada and Arizona).

The original article was available at http://www.forbes.com/2009/09/23/best-states-for-business-beltway-best-states.html on September 24, 2009.

 

No. 7: North Dakota

The original article was available at http://www.forbes.com/2009/09/23/best-states-for-business-beltway-best-states_slide_8.html on September 24, 2009.