The Index provides states with a benchmark, monitors their technology progress and can be leveraged to promote economic growth. It provides a valuable framework of measures to guide state policy makers and the public on the realities of their performance in the knowledge-based economy of today.
The index uses 75 indicators in five categories to measure how well a state will perform in today's knowledge-based economy. The five composite categories are:
Technology concentration and dynamism.
Individual indicators include a wide range of measurements such as the percentage of a state's population with Ph.D.s, research and development expenditures per capita, and venture capital investment.
"Places that can attract, grow and retain firms and industries proficient at deploying information technology, in addition to producing it, will be at a competitive advantage," the report says. "The degree to which a state's knowledge assets are harnessed and converted into successful innovations, products and services determine its economic future."
How do the states fare? View 2004 ranking.
View biggest movers, by region.
(View California version of the Index.)
In addition to the report, the Institute has put together rankings for all 50 states for all 75 measurements as a separate purchase for $195. If you would like to purchase these rankings, please contact us at 310-570-4600, or e-mail us at info@milkeninstitute.org.
Please note:Downloading this report (using the "view pdf" button above) requires up to 10 mb of memory.
If you are interested in conducting a detailed analysis of your state's ranking on the Technology and Science Index, please contact Roubina Arakelian at the Milken Institue by e-mail (rarakelian@milkeninstitute.org) or phone (310-570-4657). She will be glad to arrange a time for you to speak with the study's primary author, Ross DeVol, Director, Regional Economics.
