A new report ranks which states are leading the transformation into a "global, entrepreneurial and knowledge- and innovation-based new economy." Using 29 measures, "The 2008 State New Economy Index," by the Ewing Marion Kauffman Foundation and the Information Technology and Innovation Foundation, ranks states' ability to thrive in an information-driven economy. Rather than measuring state economic performance or state economic policies, the index focuses on a single question: To what degree does the structure of a state's economy match the ideal structure of the new economy? States at the top of the ranking tend to have a high concentration of managers, professionals and college-educated residents working in "knowledge jobs," encourage entrepreneurship, and foster and support technological innovation.
Source: The Kauffman Foundation and The Information Technology & Innovation Foundation's "The 2008 State New Economy Index," November 2008.
HOW THEY RANK