About The Commonwealth of Virginia
- G.O. Bond Ratings
- AAA/Aaa/AAA
Located midway between New York and Florida, Virginia is the gateway to the South. It is also sometimes classified in the Mid-Atlantic region. The Commonwealth is bordered by Washington, D.C., the nation's capital, and Maryland to the north; the Atlantic Ocean to the east; North Carolina and Tennessee to the south; and West Virginia and Kentucky to the west.
Virginia is nicknamed the "Old Dominion" due to its status as the first colonial possession established in mainland British America, and "Mother of Presidents" because eight U.S. Presidents were born there, more than any other state. The Virginia General Assembly is the oldest continuous law-making body in the country.
In terms of the economy, the Virginia economy has diverse sources of income, including local and federal government, military, farming and business. The vibrant economic development throughout the state helps to drive its very high per capita income measurements.