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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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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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