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Economic Development Announcements

Posted on: March 28, 2019

Maryland Ranked Among Most Innovative States

WalletHub has released its 2019 rankings of the country's most innovative states. Maryland is #4 in the rankings thanks to its access to jobs and education in STEM industries. 

"Innovation is a principal driver of U.S. economic growth. In 2019, the U.S. will spend an estimated $581 billion on research and development — more than any other country in the world and about 25% of the world’s total — helping the nation rank No. 6 on the Global Innovation Index. According to the results of the ranking, knowledge and technology outputs are America’s particular strengths. 

In order to recognize the nation’s biggest contributors, WalletHub compared the 50 states and the District of Columbia across 24 key indicators of innovation-friendliness. Our data set ranges from share of STEM professionals to R&D spending per capita to tech-company density. Read on for our findings, commentary from a panel of experts and a full description of our methodology."  

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