As of May, the city’s unemployment rate was 3% — on par with the statewide figure and slightly lower than the 3.6% rate nationally at the same point.

Richmond scored high among metro areas in the ranking for its ability to land corporate headquarters among cities with populations of 300,000 or less, as well as for its capacity to attract millennial job seekers, finishing second and seventh, respectively.

The Greater Richmond Partnership, a public-private economic development group, touted the achievements, citing the seven Fortune 500 companies and three Fortune 1000 companies that call the region home.

“In the U.S., few regions our size have a higher concentration of Fortune headquarters than we do, and we’re honored to be ranked among the best locations,” said Jennifer Wakefield, the Partnership’s interim president and CEO.

In July, Virginia reclaimed the title of best state to do business in the annual CNBC ranking released. The last time the state came in first was in 2011.