Massachusetts is again rated the number one state for innovation in the United States by Bloomberg, edging out California for the second straight year.
The Bloomberg U.S. Innovation Index rated each of the 50 states on a 0-100 scale across these six metrics: R&D intensity; productivity; high-tech density; concentration of science, technology, engineering & mathematics (STEM) employment; science & engineering degree holders; and patent activity.
Bloomberg reported that Massachusetts “gained ground by churning out more science and engineering graduates and producing jobs in those industries even though it had less technology company density than in 2015.”
In addition, Bloomberg wrote, “Ranking leader Massachusetts has enjoyed a faster recovery from the last recession than most states and now boasts a 2.9 percent unemployment rate, leaving it tied for second-best in the country. That compares with a 4.6 percent national average.”