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StateTechScienceReport cover

State Technology and Science Index 2014

Nov 21, 2014
Publisher: Milken Institute

Massachusetts is first – once again – in the Milken Institute’s State Technology and Science Index 2014. 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 more than a decade, the index has found Massachusetts performing in first place in every edition since 2004.

Across the country, technology and science are paving the way to economic success. Competition at the very top has increased significantly, making it more difficult to break into the top 10. Indeed, the states in the top 10 are the same as those in 2010 and 2012, with only a few changes in rank:

The top 10 (with their previous index rankings in 2012)

  1. Massachusetts (1)
  2. Maryland (2)
  3. California (3)
  4. Colorado (4)
  5. Utah (7)
  6. Washington (5)
  7. Virginia (6)
  8. New Hampshire (10)
  9. Connecticut (9)
  10. Delaware (8)

The State Technology and Science Index is made up of five composites that can be applied across all 50 states for comparison and analysis, with 78 unique indicators. The composites are: 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.

Complete rankings and the full report, by Kevin Klowden, Kristen Keough, and Jason Barrett are also available at http://statetechandscience.org/. This site includes a number of features that allow visitors to tailor data according to their particular interests. It also contains an interactive map and slideshows of the top performing states. This year’s report also includes an in-depth look at California in the supplemental section “California’s Position in Technology and Science: A Comparative Benchmarking Assessment.