A report in Bloomberg Business by Michelle Jamrisko and Wei Lu on 07 January
Here Are the Most Innovative States in America
The two reporters start off by making this point about the Bloomberg Index: Bloomberg's ranking of the most innovative states in the U.S. illustrates how universities can juice local economies.
To provide some context, Arizona's overall ranking in higher education leaves a lot of room for improvement while the thinking patterns in conservative politics that dominate the state might not be the most fertile ground for innovation.
Shocking report on KJZZ today about the state of STEM education in Arizona - hope that readers listen to that . . .
Arizona ranks #19 overall with a score of 59 on the index while the states of Massachusetts and California come out on top with scores of 93.
[Yours truly lived in both of those states.]
The Bloomberg U.S. Innovation Index scored each of the 50 states on a 0-100 scale across six equally weighted metrics with these rate-rankings for Arizona:
- #17 Research & Design (R&D) intensity
- #42 Productivity
- #08 High-tech density
- #11 Concentration of STEM employment
- #29 Science and engineering degree holders
- #13 Patent activity
The data also show the limits of measuring healthy innovation. For example, the migration of talent across state lines can be difficult to measure and often captured only on delay, such as through U.S. Census bureau figures. [subject of an earlier post on this site]
On May 27, 2015 Ruth Simon published in the Wall Street Journal an article headlined
Immigrants, Latinos Helped Drive Business Creation Last Year
Go to this link to see the 50-state rankings >> Bloomberg State Innovation Index
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