How Oregon Can Win In The New Global Innovation Economy

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  • 1. June 11, 2014 How Oregon Can Win In the New Global Innovation Economy Dr. Robert Atkinson, President, ITIF @robatkinsonitif #SNEIOregon
  • 2. Today’s Presentation 2 Key Principles for Success SNEI Results for Oregon1 2 3 Global Policy Innovations
  • 3. 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. 4 2014 SNEI Overall Scores Oregon: Rank 2014: 15 2012: 14 2010: 14
  • 5. 5 Information Technology Jobs Oregon: Rank 2014: 26 2012: 27 2010: 30
  • 6. 6 Managerial, Professional, and Technical Jobs Oregon: Rank 2014: 15 2012: 17 2010: 26
  • 7. 7 Workforce Education Oregon: Rank 2014: 17 2012: 18 2010: 16
  • 8. 8 Immigration of U.S. Knowledge Workers Oregon: Rank 2014: 9 2012: 15 2010: 30
  • 9. 9 Migration of U.S. Knowledge Workers Oregon: Rank 2014: 11 2012: 18 2010: 29
  • 10. 10 Manufacturing Value Added Oregon: Rank 2014: 3 2012: 3 2010: 14
  • 11. 11 High-Wage Traded Services Oregon: Rank 2014: 20 2012: 18 2010: 17
  • 12. 12 Export Focus of Manufacturing and Services Oregon: Rank 2014: 21 2012: 13 2010: 11
  • 13. 13 Foreign Direct Investment Oregon: Rank 2014: 42 2012: 42 2010: 43
  • 14. 14 Job Churning Oregon: Rank 2014: 21 2012: 18 2010: 14
  • 15. 15 Fast-Growing Firms Oregon: Rank 2014: 22 2012: 32 2010: 19
  • 16. 16 Initial Public Offerings Oregon: Rank 2014: 35 2012: 32 2010: 45
  • 17. 17 Entrepreneurial Activity Oregon: Rank 2014: 36 2012: 24 2010: 12
  • 18. 18 Inventor Patents Oregon: Rank 2014: 11 2012: 3 2010: 2
  • 19. 19 Broadband Telecommunications Oregon: Rank 2014: 13 2012: 14 2010: 21
  • 20. 20 Health IT Oregon: Rank 2014: 14
  • 21. 21 High-Tech Jobs Oregon: Rank 2014: 15 2012: 14 2010: 15
  • 22. 22 Scientists and Engineers Oregon: Rank 2014: 24 2012: 23 2010: 24
  • 23. 23 Patents Oregon: Rank 2014: 25 2012: 21 2010: 7
  • 24. 24 Industry Investment in R&D Oregon: Rank 2014: 9 2012: 9 2010: 10
  • 25. 25 Non-Industry Investment in R&D Oregon: Rank 2014: 34 2012: 32 2010: 32
  • 26. 26 Movement Toward a Clean Energy Economy Oregon Rank 2014: 1 2012: 3 2010: 6
  • 27. 27 Venture Capital Oregon: Rank 2014: 16 2012: 8 2010: 12
  • 28. Today’s Presentation 2 Key Principles for Success SNEI Results for Oregon1 28 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 29
  • 30. Today’s Presentation 2 Key Principles for Success SNEI Results for Oregon1 30 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 31
  • 32. Thank you! Rob Atkinson ratkinson@itif.org Twitter: @robatkinsonitif Facebook: facebook.com/innovationpolicy Blog: www.innovationpolicy.org Website: www.itif.org Follow ITIF: