The 2008 State New Economy Index

November 18, 2008

In a report sponsored by the Ewing Marion Kauffman Foundation, ITIF employs 29 indicators to assess the extent to which the 50 state economies are structured according to the tenets of the New Economy. The changing economic landscape requires state economies to be innovative, globally-linked, entrepreneurial and dynamic, with an educated workforce and all sectors embracing the use of information technology. The report, which updates and expands on the State New Economy Index reports from 2002 and 2007, ranks the states accordingly. The five states ranking the highest in 2008 are, in order of rank, Massachusetts, Washington, Maryland, Delaware and New Jersey. With these measures as a frame of reference, the report outlines the next generation of innovative state-level public policies needed to meet the challenges of the New Economy, improve state competitiveness and boost incomes of all Americans.