This document summarizes the results of Oregon's performance in the 2014 State New Economy Index. It finds that Oregon ranked 15th overall, with strengths in manufacturing value added (3rd), immigration (9th) and migration (11th) of knowledge workers, and inventor patents (11th). However, it was weaker in areas like foreign direct investment (42nd), initial public offerings (35th), and entrepreneurial activity (36th). The presentation outlines two key principles for economic success and highlights several global policy innovations that could help Oregon improve its innovation capacity.
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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
28. Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
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3 Global Policy Innovations
29. 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
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30. Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
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3 Global Policy Innovations
31. 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
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