On August 18, 2015, Virginia received an A for overall friendliness on Thumbtack.com’s fourth annual Small Business Friendliness Survey. Virginia was the highest ranked state in the Mid-Atlantic and top 10 nationwide.
Thumbtack.com surveyed 17,633 small businesses across the U.S. with 36 questions to evaluate the friendliness of state and local policies toward small businesses on more than a dozen metrics.
Highlights for the Commonwealth include an A+ for ease of starting a business, licensing regulations and environmental factors. The City of Richmond was ranked the No. 3 friendliest city in the U.S. and received an A+.
The survey results once again show that Virginia is an ideal place to start and grow a business for companies from all over the world such as those from Asia.
Virginia Asian Chamber of Commerce, created in 2004, the only officially recognized state Asian Chamber in the Commonwealth, is the public voice of Asian entrepreneurs in Virginia.
Today, Asian businesses, most categorized as “Small Businesses” accounted for about ninety percent of the 40 percent of the total economic growth in entrepreneurship in Virginia between 2000 and 2010, which represents a critical asset for keeping the state ‘s competitive edge strong”, stated Tinh Phan, VACC Chairman.
As Virginia’s 44,575 Asian-owned businesses had sales and receipts of $13.2 billion and employed 92,141 people in 2007, according to the U.S. Census Bureau’s latest Survey of Business Owners. ”
” The Asian business community in Virginia, represented by VACC, in the science, technology, engineering, and mathematics, and professional services have obviously taken full advantage of the excellent business friendly climate of the state to build successful and competitive enterprises today in Virginia”, he added.