Indicators of Innovation
New Jersey is at a crossroads. Once heralded as the innovation capital, today New Jersey is working to reclaim its stature as the “Innovation State.” The competition is fierce and regional competitors are winning. Why?
This paper looks at the “Indicators of Innovation” and ranks them among our regional states in order to understand where New Jersey is ranked today and how to begin to set goals to increase our standings. A deeper analysis is also taken with a direct comparison to Massachusetts, where we learn about additional best practices and ancillary actions that can help jump-start New Jersey’s journey. Our findings are supported by our research as well as information gathered from NJBIA’s April 2018 program, “A Tale of Tech Cities – Innovation & Urban Revitalization.” It is the information gleaned from the latter which supports our Case Study found later in this report.