Posted on 03/31/2004 3:33:23 PM PST by Constitutionalist Conservative
Among the assets of the Golden State, home to Silicon Valley, are strong technology clusters, a venture-capital foundation and an excellent higher education system, while in the debit column is a declining ability to attract academic research funds, according to a study released Wednesday by the Santa Monica, Calif.-based Milken Institute.
A key setback for California was a drop in the number of business starts per capita. In that index of the Milken study, the state fell from sixth in the 2002 index to 13th in 2004. Also, the percentage of residents with a bachelor's degree or higher is dropping, the report said.
In the overall 2004 rankings, California was the No. 2 state, behind Massachusetts. Rounding out the top five were Colorado, Maryland and Virginia. Rhode Island made the biggest leap, from 21st in 2002 to 11th this year, while Texas had the biggest drop, from 14th to 23rd.
The report warned California policymakers to take action to keep the state's allure bright--especially by increasing funding of science and technology in its university systems, something that other states have made a top priority.
"We must resolve the state budget crisis in a manner than does not restrict long-term investments in technology and science," Ross DeVol, director of regional economics at Milken, said in a statement. "If we consume our seed capital to fill short-term holes in our budget, we will have committed an egregious error."
Meanwhile, other states are buffing up their image. A government commission in Maryland, for instance, has created one of the most forward-looking plans for technology-based economic development in the country, the report said.
And top-ranked Massachusetts placed well above California in Milken's R&D index. The Bay State also is on top in terms of total funds in industrial scientific R&D and in venture capital dedicated to biotechnology and the medical device industry.
The states were ranked on 75 separate measurements in five categories: R&D; risk capital and entrepreneurial infrastructure; human capital investment; technology and science work force; and technology concentration and dynamism.
Surely not. Last time I looked, California was well ahead of Baja California, Sonora, Chihuahua, Coahuila, Sinaloa, Durango, and some 25 other states.
Oh, the article meant US states? How old fashioned.
I don't.
Yagotta remember, I were an awrendee engeneer.
Oh, the article meant US states?
I thought it was a spot on and I was also an engineering major, until I took the last diffy course ...4 times.
Been to Campbell lately? It's a ghost town compared to five years ago.
Most of the machine shops are prototype machine shops.
It's happening to them too. I know RF guys who job their test fixture work out of the country. Heck, I was getting prototype work done in Hong Kong in 1987, and the reason was quality and environmental regulations related to plating. Same thing goes for some of the prototype work for the folks in the medical device business. If all you are talking about is the guys whow work for the silicon busiess, maybe it's OK (I wouldn't know there), but what I see is all down.
Other states? How about other countries?
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