Virginia's economy is heavily shaped by its proximity to Washington, D.
Virginia's economy is heavily shaped by its proximity to Washington, D.C., with Northern Virginia hosting the highest concentration of data centers in the world — "Data Center Alley" in Loudoun County processes an estimated 70% of the world's internet traffic. The state is a major hub for defense contractors including Northrop Grumman, Leidos, and General Dynamics, and Amazon's HQ2 in Arlington has cemented Northern Virginia's status as an East Coast tech capital. Richmond contributes financial services, with Capital One headquartered there.
Virginia consistently ranks as one of the best states for business, offering a highly educated workforce, proximity to federal agencies, and strong infrastructure. The Hampton Roads area adds a military and shipbuilding dimension through Naval Station Norfolk, the world's largest naval base.
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