RICHMOND, Va., Jan. 16, 2019 /PRNewswire/ -- Today, the Virginia Chamber of Commerce released their fact sheet on the proposed minimum wage increase and its impact on the business community.

Speaking about the proposed minimum wage increase, Barry DuVal, President & CEO of the Virginia Chamber said: "Raising the minimum wage to $15 an hour as proposed would primarily impact small business who rely on affordable labor to compete. A significant majority of all businesses in the Commonwealth of Virginia are small businesses. The Virginia Chamber of Commerce strongly recommends keeping the federal minimum wage standard to maintain the Commonwealth's competitiveness as we continue to work towards our goal of becoming the best state in which to do business."

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SOURCE Virginia Chamber of Commerce