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2002 State Index Home
 
Introduction
 
Overview & Methodology
 
Overall Rankings
 
Summary of Results
 
THE INDICATORS
 
PART I: KNOWLEDGE JOBS
 
Information Technology Jobs

Managerial, Professional, and Technical Jobs

Workforce Education

Education Level of the Manufacturing Workforce
 
PART II: GLOBALIZATION
 
Export Focus of Manufacturing

Foreign Direct Investment
 
PART III: ECONOMIC DYNAMISM
 
"Gazelle" Jobs

Job Churning

IPOs
 
PART IV: THE DIGITAL ECONOMY
 
Online Population

Commercial Internet Domain Names

Technology in Schools

Digital Government

Online Agriculture

Online Manufacturers

Broadband Telecommunications
 
PART V: INNOVATION CAPACITY
 
High-Tech Jobs

Scientists and Engineers

Patents

Industry Investment in R&D

Venture Capital
 
ECONOMIC DEVELOPMENT STRATEGIES
 
Data Sources
 
Weighting Methodology
 
Endnotes
 
The Author

BROWSE BY STATE: Choose State ---------- Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

PART 3: ECONOMIC DYNAMISM

The old economy was epitomized by large companies facing limited competition in stable, cost-based markets. The New Economy is all about economic dynamism and competition and is epitomized by fast-growing, entrepreneurial companies, one of its hallmarks. The ability of firms to innovate and get to market faster is becoming a more important determinant of competitive advantage. Likewise, the ability of state economies to rejuvenate themselves through the formation of new, innovative companies is a key in determining their economic vitality.

The dynamism and competition indicators in this section measure three things: 1) the share of jobs in fast-growing gazelle firms; 2) the degree of job churning (which is a product of new business start-ups and existing business failures); and 3) the value of companies' IPOs.

Aggregated Economic Dynamism Scores

STATES BY RANK Rank State Score 1 Washington 19.83 2 California 16.56 3 Massachusetts 16.19 4 Colorado 14.08 5 Arizona 13.51 6 Florida 12.83 7 Virginia 12.81 8 Texas 12.80 9 Georgia 12.44 10 Oklahoma 12.43 11 Maryland 12.26 12 Utah 12.03 13 Nevada 11.77 14 Missouri 11.5 15 Connecticut 11.39 16 Illinois 11.17 17 Oregon 10.60 18 New Jersey 10.42 19 Minnesota 10.18 20 North Carolina 10.12 21 New York 10.11 22 Pennsylvania 9.87 23 Mississippi 9.70 24 Tennessee 9.63 25 New Hampshire 9.59 26 Louisiana 9.45 27 Alabama 9.17 28 South Carolina 9.08 29 Idaho 8.72 30 Indiana 8.52 31 Iowa 8.48 32 Maine 8.44 33 Kentucky 8.41 34 Kansas 8.38 35 Arkansas 8.38 36 Vermont 8.31 37 New Mexico 8.28 38 South Dakota 8.26 39 Alaska 8.02 40 Michigan 7.87 41 Nebraska 7.80 42 Rhode Island 7.76 43 Delaware 7.70 44 Ohio 7.47 45 Montana 7.45 46 Wisconsin 6.92 47 Wyoming 6.68 48 West Virginia 6.26 49 Hawaii 5.43 50 North Dakota 4.96 U.S. Average 10.00

ALPHABETICALLY Rank State Score 27 Alabama 9.17 39 Alaska 8.02 5 Arizona 13.51 35 Arkansas 8.38 2 California 16.56 4 Colorado 14.08 15 Connecticut 11.39 43 Delaware 7.70 6 Florida 12.83 9 Georgia 12.44 49 Hawaii 5.43 29 Idaho 8.72 16 Illinois 11.17 30 Indiana 8.52 31 Iowa 8.48 34 Kansas 8.38 33 Kentucky 8.41 26 Louisiana 9.45 32 Maine 8.44 11 Maryland 12.26 3 Massachusetts 16.19 40 Michigan 7.87 19 Minnesota 10.18 23 Mississippi 9.70 14 Missouri 11.5 45 Montana 7.45 41 Nebraska 7.80 13 Nevada 11.77 25 New Hampshire 9.59 18 New Jersey 10.42 37 New Mexico 8.28 21 New York 10.11 20 North Carolina 10.12 50 North Dakota 4.96 44 Ohio 7.47 10 Oklahoma 12.43 17 Oregon 10.60 22 Pennsylvania 9.87 42 Rhode Island 7.76 28 South Carolina 9.08 38 South Dakota 8.26 24 Tennessee 9.63 8 Texas 12.80 12 Utah 12.03 36 Vermont 8.31 7 Virginia 12.81 1 Washington 19.83 48 West Virginia 6.26 46 Wisconsin 6.92 47 Wyoming 6.68

Source: Author's calculations based on the states' scores in three indicators — jobs in gazelle companies, job churning, and IPOs.

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2002 State Index Home | Introduction | Overview &
Methodology | The Rankings | Summary of Results
Development Strategies | Data Sources
Weighting Methodology | Endnotes | The Author

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