Friday, June 20, 2008
Massachusetts, which just passed a $1-billion life sciences bill to invest in high-tech infrastructure and research and development over the next 10 years, is in the best position of any state to achieve high-quality economic growth thanks to its vast array of technology and science assets, a new Milken Institute study shows.
Massachusetts ranks first in the Milken Institute's 2008 State Technology and Science Index, followed by Maryland, Colorado and California. Wisconsin was in 22nd place.
According to the report, regional competition for technology industries has increased since the last release of the Index in 2004. Not only are states vying with each other for human capital and resources, but countries like China and India are increasing the competition on a global level.