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April 10, 2013

Massachusetts No. 1 In Science, Tech

Massachusetts is the top state in the country for science and technology assets, according to the Milken Institute, a nonprofit, nonpartisan think tank based in California.

The institute has issued five science and technology indices since 2002, and the Bay State has emerged as the top state in each.

This year, the state had its highest score ever of 86.4. The next highest belonged to Maryland, which had a 79.4

The report said Massachusetts has "a critical mass on universities, research institutions and cutting-edge firms."

Milken's researchers use five equally weighted composites made up of 79 indicators to establish its rankings. The composites include research and development, risk capital and entrepreneurial infrastructure, human capital investment, technology and science workforce, and technology concentration and dynamism. The latter category measures how effective policy makers and others have been at parlaying regional assets into regional prosperity.

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