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Where American Pro-Innovation Policy Thrives: CEA Unveils Innovation Scorecard State Ranking

Arlington, VA – April 15, 2015 – 
The Consumer Electronics Association (CEA)® today released its inaugural Innovation Scorecard, a first-of-its-kind innovation performance index based on ten criteria. The Scorecard evaluates all 50 states and Washington, D.C., according to the conduciveness of their legal, regulatory and overall business environments  to welcome and encourage innovation in 2014. The Scorecard’s inaugural Innovation Champions – those states that earned the highest grades – are Delaware, Indiana, Massachusetts, Michigan, North Carolina, South Dakota, Texas, Utah and Virginia, as well as the District of Columbia.
 
“I want to congratulate our ten  Innovation Champions – nine states and D.C. – whose proactive support for innovation enables startups and established businesses in these states to thrive,” said Gary Shapiro, president and CEO of CEA. “The future of growth and economic prosperity in this country is most vibrant in places where policies and political climates serve to unleash the entrepreneurial spirit and can-do attitude that is part of our American DNA. Our hope is that states will use our Scorecard as a measurable guidepost to improve their policies supporting innovation.”
 
The Innovation Scorecard assesses the progress of state policies intended to advance innovation and improve business climates, while also tracking states’ responsiveness to disruptive innovation. Using established economic, educational and legislative data, the report issues grades across ten categories, including: right-to-work laws; policies that support new business models; tax friendliness; Internet speed; and size of the tech workforce. Key findings include:

  • Delaware leads the nation in providing the fastest average Internet speed, at 16,200 kbps;
  • The District of Columbia leads the nation in tech jobs per capita;
  • Massachusetts and California bring in the most venture capital investment dollars, more than $500 per capita, in the U.S; and
  • Massachusetts, California, Washington, Connecticut and Delaware received higher R&D investment than other states.
In addition to Innovation Champion, the Scorecard’s highest tier, states are grouped according to their cumulative grades as either Innovation Leader, Innovation Adopter or Modest Innovator. To ensure that every grade best reflects the policy and regulatory environments unique to each state, the report features adaptable areas in which states can be evaluated for their openness to the sharing economy, state-led initiatives favoring innovation and sustainable policies. For example, one specific area of focus involved tracking statewide ridesharing legislation. CEA’s research awarded Colorado – the first state in the country to pass ridesharing legislation – along with the District of Columbia and Illinois the highest honors in the Welcoming New Business Models category.
 
“We’re excited to provide our members and the public with a multi-dimensional look at what makes a state a great home for tech products and services, companies and startups,” said Shapiro. “While some states actively support entrepreneurs and growing businesses, others have taken more modest approaches to innovation. It’s important that our Scorecard recognizes the positive steps states have taken to advance innovation, as well as the areas in which they can improve.”
 
The Innovation Scorecard will be annually updated to reflect states’ evolving policies and any changes in measuring innovation. The complete Scorecard, featuring category rankings, state-by-state profiles and an explanation of CEA’s methodology can be found at CE.org/scorecard.
 
CEA released the Innovation Scorecard in conjunction with two of CEA’s premier events: the annual Digital Patriots Dinner, which celebrates the achievements of industry and policy leaders who champion innovation in consumer technology and support a legal and regulatory framework that allows the industry to flourish; and CES on the Hill, an annual gathering that gives members of Congress and their staffs an opportunity to experience firsthand the technologies at the center of some of Washington’s most critical technology policy debates.

About the Consumer Technology Assocation

The Consumer Electronics Association (CEA) is the technology trade association representing the $286 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative and regulatory advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at CE.org, InnovationMovement.com and through social media.

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