While New Jersey scored above average in all five categories, there is still room for the state to grow:
» In the Research and development index, NJ placed 21st: This composite examines a state’s R&D capacity to determine if it has the facilities to attract funding and create innovations that can contribute to economic growth.
- In the Risk capital and entrepreneurial infrastructure index, NJ placed 7th: This measures a state’s ability to convert research into commercially viable products and services.
- In the Human capital investment index, NJ placed 21st: This focuses on how much each state invests in developing its workforce, which is crucial to success and viability in the tech-based economy.
- In the Technology and science workforce index, NJ placed 20th: Measuring the current strength of a state’s high-end technical talent, this composite is a key to a state’s ability to staff tech-based businesses.
- In the Technology concentration and dynamism index, NJ placed 14th : This evaluates the actual current impact of efforts by policymakers and other stakeholders in strengthening and growing the tech-based economy within the state.
More recently, the Milken Institute published their 2014 "Best-Performing Cities" index featuring several metropolitan areas in and around New Jersey. It concluded that technology was the biggest factor behind America's booming cities. Tech titan San Francisco claimed the top spot, up two ranks from last year, while Trenton scored the highest of the New Jersey cities.
For the "State Technology and Science Index 2014" report: http://www.milkeninstitute.org/publications/view/675
For the "Best-Performing Cities" report: http://www.milkeninstitute.org/publications/view/682