Virginia tops CNBC's best states for business ranking for the third time in five years.

Virginia secures the top spot in CNBC's annual ranking of best states for business for the third time in five years, beating North Carolina in a record-thin margin. This marks Virginia's sixth win in the competition since its inception in 2007. Virginia's strength in education, infrastructure, and business environment contributed to the state's success, with Texas, Georgia, and Florida following in the top five.