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Virginia, with a GDP of $712.9 billion, ranked as the 13th largest state in terms of GDP among the 50 states of the United States. Virginia's economy is larger than countries such as Belgium, Sweden, Ireland, and Norway. Virginia is also among the wealthiest states in the US, boasting a GDP per capita of $81,794, which ranks 19th as of 2023.
A house number plaque marking state property in Riga, Latvia. State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. [1]
Virginia has been an employment-at-will state since 1906 and a "right to work" state since 1947, [244] [245] and though state minimum wage increased to $12 in 2023, farm and tipped workers are specifically excluded. [246] [243]
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
In the late 1980s, the government began to reform the state-owned enterprise, and during the 1990s and 2000s, many mid-sized and small sized state-owned enterprises were privatized and went public. There are a number of different corporate forms which result in a mixture of public and private capital.
In a unique twist of Virginia law, unlike other members of the Governor's Cabinet, the secretary of the Commonwealth does not resign immediately upon the inauguration of a new Governor, but remains in office for an additional week, serving a fixed term of four years, in order to ensure a smooth transition and ensure continuity in government.
As of 2023, Loudoun County had a median household income of $156,821, [5] ... The county's highways are also patrolled by Virginia State Police troopers.
The administrative divisions of Virginia are the areas into which the Commonwealth of Virginia, a U.S. state, is divided for political and administrative purposes. Some are local governments; others are not. However, all local governments (counties, independent cities, and incorporated towns) are political subdivisions of the state.