Certain states are due more credit than others for America’s dominance in the tech era. These states continue to foster innovation through investments in education, research and business creation, especially in highly specialized industries.
North Carolina is one of the top 25 innovative states, according to WalletHub, the personal finance website.
With an index score of 38.61, the state ranked 23rd on the list, which analyzed all 50 states and the District of Columbia.
WalletHub’s rankings are based on 18 factors that indicate “innovation-friendliness,” including the number of STEM professionals, research and development spending per capita, and the number of tech companies. It graded each factor on a 100-point scale. Scores close to 100 represent the most favorable conditions for innovation. States were given their index score based on its weighted average across the metrics used.
States that rank high on the list cultivate innovation by investing in education, research and business creation, according to the personal finance website.
The United States spent about $514 billion on research and development – more than any other country – in 2016, placing it in the No. 4 slot on the Global Innovation Index, according to WalletHub.
by: Jessica Seaman,