Oregon Ranks High in Latest Innovation Analysis
22 Apr 2019
Today, Business Oregon released its latest analysis of different states' success in building an innovation-based economy. The report, Oregon Innovation Index, ranks Oregon as 3rd, behind only research powerhouse states California and Massachusetts.
The Oregon Innovation Index is a research report created by Business Oregon to measure the state's innovation economy and identify opportunities to enhance competitiveness. It looks at 20 indicators of different aspects of innovation. For any state or region, innovation is key to growing productivity, which leads to economic growth, higher wages, and higher standards of living. For businesses, innovation provides competitive advantages and enables companies to seize market opportunities, grow faster, and bring in more revenue.
"In the field of economic development, we talk a lot about innovation. We want to go beyond the talk and really look at the data to analyze it and see how we're doing," said Chris Harder, director of Business Oregon. "Oregon exhibits very strong innovation indicators, along with the entire west coast. The analysis shows where we can leverage our strengths, as well as areas where we can do better."