24 Nov Connecticut ranks in top 10 in tech development
Connecticut continues to be a national leader in technological innovation. The Milken Institute think tank ranked the state ninth in its latest State Tech and Science Index, a biennial evaluation of all 50 states according to their tech-driven economic development. It is the sixth straight edition in which Connecticut has been inside the top 10. The state received an average score of 65.5 out of 100.
In Connecticut's case, the high marks are a result of a steady influx of capital and a focus on research by both private and public organizations. Of the five indices that make up the average, the highest ranking was in human capital investment, where Connecticut was third nationally with a score of 75.9, followed by a tenth-place ranking in research and development inputs.
Not all the results are positive, however, as Connecticut fell in four of the five indices, and dropped out of the top 20 altogether in technology concentration and dynamism. This data should drive state leaders to continue investing heavily to ensure that the Nutmeg State remains in the top tier two years from now.
Unsurprisingly, the Northeast region has a strong presence at the top of the list, with Massachusetts, the overall leader for the fifth straight edition of the index, and New Hampshire both joining Connecticut in the top 10. New Jersey, New York, Pennsylvania, Rhode Island and Vermont are all ranked between 11 and 18.
Managed IT services software developers can help local companies thrive and keep Connecticut in its rightful place as a national leader in technology development.