SmartAsset, a New York-based financial technology company, has ranked Loudoun County No. 1 in business investment in Virginia for the second year in a row.
The annual study ranked counties in four areas, including growth in the number of businesses established in the county over a three-year period, the gross domestic product growth in the local economy, the number of new building permits per 1,000 homes and the total municipal bond debt raised by the county over the past five years. These four rankings are then divided by the number of residents.
“Being number one in new commercial investment is always an achievement. But being number one in back-to-back years is proof that Loudoun County has become a premier business location in the Commonwealth of Virginia,” said Buddy Rizer, Loudoun Economic Development’s executive director, in a prepared statement.
