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Youngkin and McAuliffe disagree on the status of Virginia’s economy |

(The Center Square) – The two candidates for the office of next Virginia governor have very different views on the status of Virginia’s economy and the development in which it is headed.

Last week, CNBC ranked Virginia the best state for business, but some of its new criteria led to questions about whether it was accurate, such as adding “inclusion” to the criteria that states penalized and for without certain anti-discrimination laws the laws on voter ID cards. Virginia was ranked 11th in the new Life, Health and Inclusion category, which replaced the previous quality of life ranking.

Virginia ranked 11th for business friendliness, down several spots from third in 2019, and while improving its cost of ownership, it still ended up below average access to capital at 26, but also ranked 24th for infrastructure and 32nd place for cost of living.

Former Governor Terry McAuliffe, the Democratic nominee, said the state’s number one ranking shows the success of the Democratic leadership in Virginia and pledged to build on those achievements. Businessman Glenn Youngkin, the Republican candidate, said the state’s nondescript placement in certain categories is holding back the economy.

“Virginia is once again the top state in terms of economy and the reasons for this are clear: For the past eight years we have fought to create a stronger economy that keeps everyone alive and keeps our state open and welcoming to all,” McAuliffe said in a statement. “Thanks to Governor Northam and the leadership of our democratic legislative majority, we have emerged from the unprecedented health and economic crisis of this pandemic and are continuing to build stronger than before.”

During his tenure as governor, McAuliffe said he created a thriving economy and helped the state rebuild after the Great Recession. He said his investments in education and labor and other economic policies helped the state create 200,000 high-paying jobs and bring in billions of dollars in new capital. He claimed that Youngkin’s right-wing agenda would jeopardize this progress.

Youngkin, on the other hand, said Virginia does not fare like a top state for business with its high cost of living, business costs, and infrastructure.

“The status quo is failing Virginia’s families and workers,” said Youngkin in a joint statement with Lieutenant Governor Winsome Sears and Attorney General nominated Jason Miyares. “Under Terry McAuliffe and Ralph Northam, our Commonwealth has fallen behind our rival states and is growing more slowly and offering fewer opportunities. That may be acceptable to our opponents, but we think the Virginians deserve better. When we have the privilege of serving Virginia, we will wake up each day and focus on improving the lives of all who call our Commonwealth home and making sure they are able to earn a higher paycheck, to work hard, move forward and make their dreams come true. By working together we can and will bring Virginia a brighter day. “

Youngkins campaign said the candidate is focused on making the Commonwealth the best place to live, work and raise a family. In the statement, the campaign noted that there are 200,000 fewer residents than in March, that the labor force participation rate is the lowest in the state’s history, and that while Virginia created 200,000 jobs under McAuliffe, it would have grown by 380,000 if it did Fall would have kept pace with the growth rates of the competing countries during this period.

The election will take place on November 2nd.

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