Virginia

  • Project Labor Agreements

    In 2020, the Virginia General Assembly repealed ABC’s fair and open competition law, which goes into effect May 1, 2021.

  • Prevailing Wage

    Yes; 250,000. In 2020, the Virginia General Assembly enacted prevailing wage requirements for public works projects. The law takes effect on May 1, 2021.

  • Right to Work

    Yes.

  • Public-Private Partnerships

    Statute authorizes the use of P3s on horizontals and vertical construction projects, and allows for unsolicited bids.

  • Workforce Development Incentives

    Current labor supply satisfies 87% of peak labor demand.

    State offered $15,225,702 in grants and incentives for workforce preparation and development in 2023.

  • Career and Technical Education

    70% of postesecondary students earned a credential and/or continued on to a career.

    Virginia does recognize NCCER as an approved curriculum for CTE programs.

  • Job Growth Rate

    1.4%.

Monthly Unemployment Rate in Virginia

Industry Overview

Prompt Pay

Private: No law in place.
Public: For state agencies, payment must be made 20 days after invoice or receipt of services, whichever is later. For localities, payment must be made 45 days after receipt invoice or receipt of services, whichever is later.
Subs:
– Private: No law in place.
– Public: Payment must be made from prime to sub and sub to lower tiers 7 days after payment.

Immigration/E-Verify Mandate

All state agencies and state contractors with at least 50 employees and a contract worth at least $50,000 must use E-Verify.

Percentage of State GDP From Nonresidential Construction

4.0%

Incidence Rate

4.4

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers private workplaces and state and local workplaces.

Percentage of Union Membership in Private Construction

2.5%

Marijuana Legalization Status

Legalized for medical use, decriminalized for personal use.

Business Facts

Minimum Wage

11.00

Percentage of Pensions Funded

77.2%

Effective Real-Estate Tax Rate

0.84%

Corporate Income Tax Rate(s)

6%

State and Local Public Construction Expenditures (in millions)

$7,711
s
Overall Rank 39
  • Project Labor Agreements F
  • Prevailing Wage D
  • Right to Work A
  • Public-Private Partnerships A
  • Workforce Development Incentives C
  • Career & Technical Education C
  • Job Growth Rate C

Compared to

Virginia
 
National
F
PLA
B
A
PPP
C
C
WDI
C
C
CTE
B
C
JGR
C

Compared to the National Average

Virginia
 
National
F
PLA
B
A
PPP
C
C
WDI
C
C
CTE
B
C
JGR
C

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