Recently Bloomberg has indexed the most innovative states of America. Massachusetts tops the list with California scoring a close second at only 0.03 point less. Washington, New Jersey and Connecticut take the rest the top five seats. Mississippi, West Virginia and South Dakota are the three least innovative states.
The Route 128 area of Boston eked out a victory over Silicon Valley, as Bloomberg's ranking of the most innovative states in the U.S. illustrates how universities can juice local economies. The home of more than 100 colleges, Boston gets a great number of intelligence supplies regularly.
Solely MIT graduates have produced around 400 startup businesses over the past few decades, including Framingham, Massachusetts-based electronics maker Bose Corp. which has created a "cluster" of companies that are attracted to the strong business environment and in turn propel the labor market and growth.
According to Bloomberg, "Massachusetts was able to edge out California, perhaps in part because high-tech density was measured via number of companies, rather than market capital. That meant that the world's most valuable company, Cupertino, California-based Apple Inc., couldn't lift the state to the top spot in the ranking."
Read the full story on Bloomberg reported by Michelle Jamrisko and Wei Lu.