NEW: RI #17 in State Technology and Science Index, MA #1
Thursday, April 11, 2013
Rhode Island ranked #17 in the Milken Institute's 2012 State Technology and Science Index, with Massachusetts ranking #1.
The 2012 State Technology and Science Index looks at 79 unique indicators that are categorized into five major components: research and development inputs, risk capital and entrepreneurial infrastructure, human capital investment, technology and science work force, and technology concentration and dynamism. It is one of the most comprehensive examinations of state technology and science assets ever compiled.
The index tracks and evaluates every state's tech and science capabilities — and their success at converting those assets into companies and high-paying jobs. Conducted every two years for the past decade, the index has found Massachusetts performing in first place in every edition.
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This time, Massachusetts rated its highest score ever. "By widening the gap between it and others, the Bay State has further cemented its lead in science and technology," says Kevin Klowden, Institute senior economist and co-author of the report. "With a critical mass of universities, research institutions, and cutting-edge firms, it is the indomitable state."
Following Massachusetts was Maryland in the #2 spot with California at #3. Colorado, Washington, Virginia, Utah, Delaware, Connecticut, and New Hampshire rounded out the top ten.
Vermont ranked #14, and Maine was the lowest ranking New England state coming it at #39.
A nonprofit, nonpartisan think tank, the Milken Institute believes in the power of capital markets to solve urgent social and economic challenges. Its mission is to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital and enhance health.
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