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June 11, 2014
How Oregon Can Win In the New Global
Innovation Economy
Dr. Robert Atkinson, President, ITIF
@robatkinsonitif #SNEIOregon
Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
2
3 Global Policy Innovations
3
The 2014 State New Economy Index uses 5 groups of 25 indicators
to map how well states are adapting to the New Economy:
 Knowledge Jobs
 Globalization
 Economic Dynamism
 Digital Economy
 Innovation Capacity
4
2014 SNEI Overall Scores
Oregon:
Rank
2014: 15
2012: 14
2010: 14
5
Information Technology Jobs
Oregon: Rank
2014: 26
2012: 27
2010: 30
6
Managerial, Professional, and Technical Jobs
Oregon:
Rank
2014: 15
2012: 17
2010: 26
7
Workforce Education
Oregon: Rank
2014: 17
2012: 18
2010: 16
8
Immigration of U.S. Knowledge Workers
Oregon: Rank
2014: 9
2012: 15
2010: 30
9
Migration of U.S. Knowledge Workers
Oregon: Rank
2014: 11
2012: 18
2010: 29
10
Manufacturing Value Added
Oregon: Rank
2014: 3
2012: 3
2010: 14
11
High-Wage Traded Services
Oregon: Rank
2014: 20
2012: 18
2010: 17
12
Export Focus of Manufacturing and Services
Oregon:
Rank
2014: 21
2012: 13
2010: 11
13
Foreign Direct Investment
Oregon:
Rank
2014: 42
2012: 42
2010: 43
14
Job Churning
Oregon: Rank
2014: 21
2012: 18
2010: 14
15
Fast-Growing Firms
Oregon:
Rank
2014: 22
2012: 32
2010: 19
16
Initial Public Offerings
Oregon:
Rank
2014: 35
2012: 32
2010: 45
17
Entrepreneurial Activity
Oregon: Rank
2014: 36
2012: 24
2010: 12
18
Inventor Patents
Oregon:
Rank
2014: 11
2012: 3
2010: 2
19
Broadband Telecommunications
Oregon:
Rank
2014: 13
2012: 14
2010: 21
20
Health IT
Oregon:
Rank
2014: 14
21
High-Tech Jobs
Oregon:
Rank
2014: 15
2012: 14
2010: 15
22
Scientists and Engineers
Oregon: Rank
2014: 24
2012: 23
2010: 24
23
Patents
Oregon: Rank
2014: 25
2012: 21
2010: 7
24
Industry Investment in R&D
Oregon: Rank
2014: 9
2012: 9
2010: 10
25
Non-Industry Investment in R&D
Oregon:
Rank
2014: 34
2012: 32
2010: 32
26
Movement Toward a Clean Energy Economy
Oregon Rank
2014: 1
2012: 3
2010: 6
27
Venture Capital
Oregon:
Rank
2014: 16
2012: 8
2010: 12
Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
28
3 Global Policy Innovations
 It’s not just the number of jobs, but their quality.
 “Economic base” firms with high wages and strong growth
potential are key.
 States’ competitive future rest on invention,
entrepreneurship, and innovation.
 Focus on “gazelles,” not small business per se.
 Real competition is not from Washington and California but
from other countries.
 Strive for low costs and high quality/innovation.
Get Economic Development Principles Right
29
Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
30
3 Global Policy Innovations
 Innovation vouchers (Austria, Netherlands, & Germany).
 Refundable R&D tax credits (France, Norway, Australia).
 Performance-based university funding (Sweden, Finland).
 Design assistance (UK, Ontario).
 “On the spot” new firm registration (Portugal, Chile).
 Industrial Ph.D. program (Denmark, Brandenburg,
Alberta)
Innovation policy best practices are global
31
Thank you!
Rob Atkinson
ratkinson@itif.org
Twitter: @robatkinsonitif
Facebook: facebook.com/innovationpolicy
Blog: www.innovationpolicy.org
Website: www.itif.org
Follow ITIF:

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How Oregon Can Win In The New Global Innovation Economy