REXBUSINESS : FEATURED STORY
EWING MARION KAUFFMAN FOUNDATION
Connecticut is one of the states leading the United States’ transformation into a global, entrepreneurial and knowledge- and innovation-based New Economy, according to The 2008 State New Economy Index by Ewing Marion Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF).
The State New Economy Index measures states’ economic structures. Rather than measuring state economic performance or state economic policies, the Index focuses more narrowly on a single question: To what degree does the structure of state economies match the ideal structure of the New Economy?
Using 29 indicators, the index rates each state on the extent to which its economy is structured and operates to effectively compete nationally and globally. It divides the indicators into five categories that best capture what is new about the New Economy: knowledge jobs, globalization, economic dynamism, transformation to a digital economy and technological innovation capacity.
Connecticut, ranked 6th overall, is rated in the Top 10 in more than half of the 29 indicators:
- IT Professionals
- Managerial, Professional, Technical Jobs
- Workforce Education
- Immigration of Knowledge Workers
- Migration of U.S. Knowledge Workers
- Manufacturing Value-Add
- High Wage Traded Services
- Foreign Direct Investment
- Fastest Growing Firms
- Inventor Patents
- Online Agriculture
- Broadband Telecommunications
- Health IT
- Scientists and Engineers
- Industry Investment in R&D
Greater New Haven is poised to compete effectively in the global, entrepreneurial and knowledge-based economy. With its highly educated workforce, the flow of new graduates each year and it long tradition of innovation, the REX region will provide the resources needed to bring your business to the next level.
To read the report in its entirety, visit the Kauffman Foundation of Entrepreneurship website.