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October 26, 2014

10 States Ready for the New Economy

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10 States Ready for the New Economy

Which states are poised to fare the best in the “new economy?” According to the Information Technology and Innovation Foundation (ITIF), the “new economy” is marked by “globalization, technological innovation, and entrepreneurial development.” And often, booming economies lead to booming housing markets.

Find out how Fannie Mae sees the "new normal" for the housing industry.

To determine a state's potential success in the new economy, ITIF used 25 indicators among five categories (knowledge jobs, globalization, economic dynamism, the digital economy, and innovation capacity). The following 10 states were at the top of ITIF’s list:

  1. Massachusetts
  2. Delaware
  3. California
  4. Washington
  5. Maryland
  6. Colorado
  7. Virginia
  8. Connecticut
  9. Utah
  10. New Jersey

Source: “The Best and Worst States for the New Economy,” Forbes.com (June 17, 2014)