I’m not a big fan of the term “new economy” – it’s a bit of an “empty” term. Still a new Kauffman Foundation report provides some interesting data on America’s states. Ranking first on Kauffman’s State New Economy Index is Massachusetts, followed by New Jersey, Maryland, Washington and California.Virgina ranked 8th. Our own State Creativity Index has Massachusetts first followed by New York, California, Connecticut and Washington.
The Kauffman report is here. A Business Week story here.
Update: This is a nicely done study. But the more I think about it, the more I’m convinced that the state is simply the wrong unit of analysis. The natural economic unit ala Lucas or Jacobs is the region – the metro and the mega.
Anyone else out there been thinking about this?
