The report also examines the role of large and small businesses in driving growth and discusses some innovative models around the nation to spur workforce training and technology commercialization. It delves into state policy choices in two areas — taxes, investment and economic development; and small business — where the authors, Robert D. Atkinson and J. John Wu, assert that states need “clearer thinking, or at least analysis” when formulating policy.
The index builds on seven prior editions and uses 25 indicators across five different categories to measure how well each state is positioned to succeed in an economy driven by technological innovation. The economic categories are:
- Knowledge jobs
- Economic dynamism
- The digital economy
- Innovation capacity