- January 27, 2023
The sun, apparently, doesn't shine down on innovation.
Florida proves the point with a mediocre showing in WalletHub's 2017 Most & Least Innovative States report. The personal finance website conducted an in-depth analysis and comparison of all states, plus Washington, D.C., across 18 metrics of innovation, according to a statement. The data set ranges from share of STEM professionals to research and development spending per capita to average internet speed.
The survey broke the data down into two categories: human capital and innovation environment. Each metric was graded on a 100-point scale.
Florida is No. 19 overall on the report, with a 41.54 score on the WalletHub Innovation Index, which looks at all 18 metrics. The Sunshine State is one spot behind New Mexico and one spot head of Minnesota. A bright spot is in share of technology companies, where it's ranked No. 15. On the flip side, Florida is No. 41 in share of stem professionals and No. 37 in eighth grade math and science performance.
The Mid-Atlantic region, with a star on Washington, D.C., carries the day in innovation. The nation's capital is the overall No. 1, with a 70.87 score in the Innovation Index. Maryland is No. 2 on the index, at 69.82, and Virginia is No. 7, at 59.96. Also, Washington, D.C., took the top spot in six individual rankings, including highest research and development funding per capita; highest share of stem professionals; and highest share of science and engineering graduates ages 25 and up.