These are the most – and least – innovative states, according to a study
(NEXSTAR) – When it comes to innovation, not all states are created equal, according to a new study ranking all 50 US states and the District of Columbia.
WalletHub weighed two major factors – human capital and the innovation environment – in their comparison.
Human capital is made up of STEM professionals, science and engineering graduates, projected demand for STEM jobs by 2028, among other educational measures, while innovation environment includes the number of companies, patents per capita, average internet speed, number of startups and net migration, among other things.
“According to the ranking results, knowledge and technology productions are America’s particular strengths,” the study’s authors said in their report. “Some of the biggest innovations the United States has produced recently are COVID-19 vaccines.”
Washington DC took the top spot, followed by Massachusetts, Washington, Maryland, Colorado, Virginia, California, Delaware, New Hampshire and Utah, rounding out the top ten.
The final ten states in the study were, in order, Oklahoma, Kentucky, Iowa, South Dakota, Nebraska, Arkansas, West Virginia, North Dakota, Louisiana and, lastly, the Mississippi.
When it comes to inviting innovation, there are things states can do to climb the ladder, experts say.
“State policy makers can foster innovation by creating a lifelong learning society committed to developing supportive working relationships,” Haleh Karimi, assistant professor of management at the University, told WalletHub. Bellarmine University. “Innovation requires commitment, teamwork and collaboration. In addition, having a tax incentive program would also help encourage an innovative company.
In the years to come, Karimi says she believes the best skills to possess will be a combination of in-demand hard skills and soft skills such as creativity, teamwork, leadership, people skills and more. .