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2002 State Index Home
 
Introduction
 
Overview & Methodology
 
Overall Rankings
 
Summary of Results
 
THE INDICATORS
 
PART I: KNOWLEDGE JOBS
 
Information Technology Jobs

Managerial, Professional, and Technical Jobs

Workforce Education

Education Level of the Manufacturing Workforce
 
PART II: GLOBALIZATION
 
Export Focus of Manufacturing

Foreign Direct Investment
 
PART III: ECONOMIC DYNAMISM
 
"Gazelle" Jobs

Job Churning

IPOs
 
PART IV: THE DIGITAL ECONOMY
 
Online Population

Commercial Internet Domain Names

Technology in Schools

Digital Government

Online Agriculture

Online Manufacturers

Broadband Telecommunications
 
PART V: INNOVATION CAPACITY
 
High-Tech Jobs

Scientists and Engineers

Patents

Industry Investment in R&D

Venture Capital
 
ECONOMIC DEVELOPMENT STRATEGIES
 
Data Sources
 
Weighting Methodology
 
Endnotes
 
The Author

BROWSE BY STATE: Choose State ---------- Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

PART 3: ECONOMIC DYNAMISM

"Even with the dramatic decline in IPOs in 2001... IPOs are expected to rebound at least to the levels of relatively strong years like 1997 and 1998."

WHY IS THIS IMPORTANT? In the last two decades, financial markets have embraced entrepreneurial dynamism. One measure of this is the number of initial public offerings (first rounds of companies' stock sold when they make their debut in public markets). IPOs rose by 50 percent between the 1960s and 1990s and reached unprecedented levels in 2000. But even with the dramatic decline in IPOs in 2001, as the economy grows in 2002, IPOs are expected to rebound at least to the levels of relatively strong years like 1997 and 1998.

THE RANKINGS: The top states for IPOs are also mostly states with high New Economy scores: Washington, Massachusetts, California, Colorado, Virginia, and Maryland. But the production of companies with high growth potential was not limited to what are commonly viewed as the high-tech leaders: states like Illinois, Iowa, Missouri, and Oklahoma also ranked high.

STATES BY RANK Rank State Score 1 Washington 11.78 2 Massachusetts 10.78 3 California 9.06 4 Colorado 7.08 5 Illinois 6.85 6 Virginia 6.66 7 Maryland 6.49 8 Oklahoma 6.43 9 Connecticut 6.26 10 Missouri 6.23 11 Iowa 6.11 12 Pennsylvania 6.10 13 Minnesota 5.94 14 New Jersey 5.81 15 Georgia 5.78 16 Texas 5.41 17 New York 5.28 18 Arizona 5.21 19 Indiana 4.93 20 Florida 4.93 21 Utah 4.82 22 Maine 4.74 23 Oregon 4.61 24 Tennessee 4.60 25 Louisiana 4.54 26 North Carolina 4.51 27 New Hampshire 4.42 28 Nebraska 4.31 29 Wisconsin 4.29 30 Nevada 4.05 31 Kentucky 3.97 32 Michigan 3.96 33 Ohio 3.67 34 Delaware 3.55 34 Idaho 3.55 34 Rhode Island 3.55 34 New Mexico 3.55 34 Vermont 3.55 34 Kansas 3.55 34 Alaska 3.55 34 Hawaii 3.55 34 Montana 3.55 34 South Carolina 3.55 34 South Dakota 3.55 34 North Dakota 3.55 34 Wyoming 3.55 34 Alabama 3.55 34 Arkansas 3.55 34 Mississippi 3.55 34 West Virginia 3.55 U.S. Average 5.00%

ALPHABETICALLY Rank State Score 34 Alabama 3.55 34 Alaska 3.55 18 Arizona 5.21 34 Arkansas 3.55 3 California 9.06 4 Colorado 7.08 9 Connecticut 6.26 34 Delaware 3.55 20 Florida 4.93 15 Georgia 5.78 34 Hawaii 3.55 34 Idaho 3.55 5 Illinois 6.85 19 Indiana 4.93 11 Iowa 6.11 34 Kansas 3.55 31 Kentucky 3.97 25 Louisiana 4.54 22 Maine 4.74 7 Maryland 6.49 2 Massachusetts 10.78 32 Michigan 3.96 13 Minnesota 5.94 34 Mississippi 3.55 10 Missouri 6.23 34 Montana 3.55 28 Nebraska 4.31 30 Nevada 4.05 27 New Hampshire 4.42 14 New Jersey 5.81 34 New Mexico 3.55 17 New York 5.28 26 North Carolina 4.51 34 North Dakota 3.55 33 Ohio 3.67 8 Oklahoma 6.43 23 Oregon 4.61 12 Pennsylvania 6.10 34 Rhode Island 3.55 34 South Carolina 3.55 34 South Dakota 3.55 24 Tennessee 4.60 16 Texas 5.41 21 Utah 4.82 34 Vermont 3.55 6 Virginia 6.66 1 Washington 11.78 34 West Virginia 3.55 29 Wisconsin 4.29 34 Wyoming 3.55

Source: Hale & Dorr, 2000 and 2001 data.

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2002 State Index Home | Introduction | Overview &
Methodology | The Rankings | Summary of Results
Development Strategies | Data Sources
Weighting Methodology | Endnotes | The Author

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