Bloomberg Ranks California #1 in U.S. Innovation

Only one non-coastal state made the top 10.

The Golden State topped Bloomberg’s latest U.S. State Innovative Index. Each state is scored on six equally weighted categories: research and development intensity, productivity, clusters of companies in technology, “STEM” jobs, populous with degrees in science and engineering disciplines, and patent activity

According to Bloomberg, “California topped the 2019 Bloomberg gauge with a total score of 94 out of 100. It placed among the top five for all categories except STEM (science, technology, engineering and mathematics) job concentration in part because the state has a large and diverse labor pool.

“About 15 percent of the S&P 500 companies are headquartered in the Golden State, including Apple Inc., Alphabet Inc. and Facebook Inc., which can tap into the brain power of places such as Stanford University, California Institute of Technology, University of California-Berkeley and UCLA, in addition to attracting educated global job-seekers with lucrative opportunities and compensation.”

You can read more about the report and who made the top 10 here.