Monday, April 25, 2011

Missouri innovation capacity continues to lag country

Economic innovation in Missouri continues to occur at a level below the national average, according to a recent analysis from the Indiana Business Research Center at Indiana University.

The 2011 Innovation Index, which combines multiple factors to provide a single indication of states' ability to transform economic conditions and capacity for innovation, provides updates from a version we published back in 2009.

Currently Missouri's index score is 87.5, up 2 points from 2009 when the state scored 85.6.  Among adjacent states' scores, all below the national average, Missouri is in the middle.  The highest scoring adjacent state is Illinois at 96.3 and the lowest is Arkansas at 80.9.

Three states in the region saw their Innovation Index decrease, Illinois (-3.3) , Kentucky (-2.5), and Tennessee (-1.4).

Missouri's position in the Innovation Index mirrors recent results from the Kauffman Foundation's New Economy report, which ranks Missouri's economy 33rd among states in 2010.

The statewide results show clear, even though slow, improvements in conditions in the state.  But there's still a long way to go before Missouri is average in terms of innovation and even further to go before the state can be a national leader.

County level information from the Innovation Index is available here.  Learn more about what the index means and how to use it here.


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