Virginia is open for business, and that’s good news for all of its residents, Lt. Gov. Bill Bolling said as he addressed the Gloucester County Chamber of Commerce on Saturday night.

Speaking at the chamber’s annual "Taste of Virginia" dinner at the Abingdon Ruritan Club in Bena, Bolling said that creating economic opportunities can lead to a "greater quality of life" for all Virginians.

"Profit is not a bad word," Bolling said, nor is the push for new and expanded businesses that can upgrade communities throughout the commonwealth.

Virginia is in competition with many other states to attract these businesses, Bolling said, and has consistently ranked among the top in terms of creating the optimal economic climate. In many instances, he said, Virginia can offer a lower tax structure and better access to customers than other states can.

As lieutenant governor, Bolling has served as Gov. Bob McDonnell’s Chief Jobs Creation Officer and has overseen Virginia&rsqu...