The State New Economy Index

Texas

Indicator

Rank

Score

Overall*

67.61

Aggregated Knowledge Jobs

10.20

Information Technology Jobs
Employment in IT occupations in non-IT industries as a share of total jobs.

1.9%

Managerial, Professional & Tech Jobs
Managers, professionals, and technicians as a share of the total workforce.

27.8%

Workforce Education
A weighted measure of the educational attainment (advanced degrees, bachelor's degrees, associate degrees, or some college course work) of the workforce.

43.5

Education Level of the Manufacturing Workforce
A weighted measure of the educational attainment of the manufacturing workforce.

1.25

Aggregated Globalization Score

11.21

Export Focus Of Manufacturing
Manufacturing export sales per manufacturing worker.

$65,281

Foreign Direct Investment
The percentage of each state's workforce employed by foreign companies.

4.5%

Aggregated Economic Dynamism Scores

12.80

"Gazelle" Jobs
Jobs in gazelle companies (companies with annual sales revenue that has grown 20 percent or more for four straight years) as a share of total employment.

15.2%

Job Churning
The number of new start-ups and business failures, combined, as a share of all establishments in each state.

21.6%

Initial Public Offerings
A weighted measure of the value and number of initial public stock offerings of companies as a share of gross state product.

5.41

Aggregated Digital Economy Scores

11.04

Online Population
The percentage of adults with Internet access in each state.

51.2%

Commercial Internet Domain Names
The number of commercial Internet domain names (".com") per firm.

0.80

Technology in Schools
A weighted measure of five factors measuring computer and internet use in schools.

2.63

Digital Government
A measure of the utilization of digital technologies in state governments.

4.34

Online Agriculture
A measure of the percentage of farmers with Internet access and who use computers for business.

2.70

Online Manufacturers
The percentage of manufacturing establishments with Internet access.

85.30%

Broadband Telecommunications
A measure of the use and deployment of broadband telecommunications infrastructure over telephone lines.

3.58

Aggregated Innovation Capacity

10.80

High-Tech Jobs
Jobs in electronics manufacturing, software and computer-related services, telecommunications, and biomedical as a share of total employment.

5.7%

Scientists and Engineers
Civilian scientists and engineers as a percentage of the workforce.

0.39%

Patents
The number of patents issued to companies or individuals per 1,000 workers.

0.83

Industry Investment in R&D
Industry investment in research and development as a percentage of Gross State Product (GSP).

1.51%

Venture Capital
Venture capital invested as a percentage of GSP.

0.86%

* Because of differences in methodology, changes in ranks between 1999 and 2002 cannot all be attributed to changes in actual economic conditions in the state.

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The Progressive Policy Institute (PPI)
Technology, Innovation, and New Economy Project
600 Pennsylvania Ave., S.E., Suite 400, Washington DC 20003
Phone: (202) 547-0001
www.ppionline.org

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