Public Policy Institute of New York State, Inc. The Public Policy Institute of New York State, Inc.

Just the Facts - Key Economic and Social Indicators for New York State

Economic Dynamism (2007)
"Gazelle Jobs"1
Job Churning2
Fastest Growing Firms3
IPOs4
Entrepreneurial Activity5
Inventor patents6
State
Rank
Score
Rank
Score
Rank
Score
Rank
Score
Rank
Score
Rank
Score
Alabama
34
5.50%
35
22.90%
32
0.01%
21
4.62
44
0.22%
46
0.046
Alaska
11
8.90%
9
28.00%
34
0.01%
44
3.28
6
0.38%
22
0.078
Arizona
27
6.50%
15
26.70%
11
0.03%
40
3.73
35
0.25%
14
0.095
Arkansas
5
11.30%
32
23.30%
43
0.00%
39
3.75
7
0.38%
47
0.036
California
10
9.00%
28
24.00%
9
0.03%
3
6.04
9
0.36%
1
0.143
Colorado
8
9.30%
30
23.80%
8
0.04%
2
6.24
2
0.44%
12
0.104
Connecticut
25
6.80%
46
20.50%
12
0.03%
15
5.1
25
0.27%
6
0.112
Delaware
2
13.50%
19
25.90%
14
0.02%
28
4.27
50
0.13%
13
0.099
Florida
14
8.60%
7
29.50%
23
0.02%
24
4.58
32
0.26%
10
0.106
Georgia
18
8.00%
13
26.90%
6
0.04%
31
4.16
12
0.35%
44
0.051
Hawaii
47
4.00%
20
25.60%
46
0.00%
34
3.96
31
0.26%
43
0.051
Idaho
41
4.50%
6
30.80%
20
0.02%
12
5.21
5
0.41%
11
0.104
Illinois
22
7.30%
33
23.30%
29
0.01%
10
5.27
20
0.30%
26
0.073
Indiana
32
5.90%
34
23.00%
16
0.02%
23
4.59
28
0.27%
42
0.055
Iowa
39
4.90%
49
19.00%
36
0.01%
38
3.81
26
0.27%
38
0.057
Kansas
35
5.40%
42
21.90%
39
0.01%
42
3.67
33
0.26%
34
0.065
Kentucky
44
4.20%
41
22.10%
25
0.01%
29
4.25
42
0.23%
48
0.033
Louisiana
33
5.60%
43
21.50%
42
0.00%
26
4.45
30
0.26%
33
0.066
Maine
43
4.30%
40
22.50%
38
0.01%
16
5.01
14
0.34%
41
0.055
Maryland
4
11.60%
4
31.20%
3
0.06%
11
5.23
19
0.30%
20
0.081
Massachusetts
21
7.60%
39
22.60%
2
0.08%
5
5.79
43
0.22%
8
0.109
Michigan
24
6.80%
37
22.60%
30
0.01%
30
4.21
40
0.24%
16
0.087
Minnesota
7
10.40%
31
23.50%
13
0.03%
17
4.97
24
0.28%
5
0.112
Mississippi
40
4.80%
24
24.90%
40
0.01%
36
3.88
11
0.35%
49
0.032
Missouri
31
6.10%
17
26.40%
27
0.01%
27
4.42
45
0.21%
37
0.058
Montana
49
3.80%
10
27.30%
35
0.01%
20
4.66
4
0.41%
24
0.076
Nebraska
1
16.60%
44
21.00%
31
0.01%
35
3.94
34
0.25%
27
0.07
Nevada
38
5.10%
1
38.10%
22
0.02%
1
7.2
46
0.20%
4
0.118
New Hampshire
28
6.20%
25
24.50%
18
0.02%
44
3.28
37
0.25%
3
0.119
New Jersey
6
11.30%
8
29.00%
5
0.04%
14
5.16
21
0.29%
9
0.107
New Mexico
37
5.20%
14
26.90%
45
0.00%
44
3.28
8
0.37%
30
0.067
NEW YORK
3
11.70%
18
25.90%
19
0.02%
9
5.53
22
0.29%
19
0.084
North Carolina
16
8.40%
23
25.20%
24
0.02%
25
4.58
36
0.25%
36
0.06
North Dakota
26
6.60%
45
20.70%
46
0.00%
44
3.28
29
0.26%
21
0.08
Ohio
29
6.20%
48
19.50%
17
0.02%
32
4.1
23
0.29%
28
0.068
Oklahoma
36
5.30%
38
22.60%
26
0.01%
4
6.04
3
0.43%
39
0.057
Oregon
30
6.20%
12
27.00%
28
0.01%
37
3.86
15
0.34%
7
0.11
Pennsylvania
13
8.70%
26
24.10%
15
0.02%
18
4.82
48
0.18%
25
0.073
Rhode Island
19
8.00%
29
23.90%
44
0.00%
44
3.28
38
0.24%
31
0.067
South Carolina
42
4.40%
27
24.00%
33
0.01%
33
3.96
39
0.24%
40
0.056
South Dakota
46
4.10%
50
15.30%
46
0.00%
7
5.66
27
0.27%
29
0.068
Tennessee
12
8.70%
5
30.80%
21
0.02%
19
4.73
41
0.23%
45
0.047
Texas
20
7.80%
11
27.10%
7
0.04%
6
5.67
13
0.35%
32
0.066
Utah
17
8.20%
3
36.70%
4
0.05%
13
5.17
17
0.31%
2
0.123
Vermont
48
3.80%
36
22.70%
41
0.01%
44
3.28
1
0.46%
17
0.087
Virginia
15
8.60%
21
25.50%
1
0.08%
8
5.62
47
0.20%
35
0.063
Washington
9
9.10%
2
37.20%
10
0.03%
22
4.59
16
0.32%
18
0.086
West Virginia
50
3.10%
22
25.30%
46
0.00%
44
3.28
49
0.17%
50
0.031
Wisconsin
23
7.30%
47
20.40%
37
0.01%
41
3.72
18
0.30%
23
0.078
Wyoming
45
4.10%
16
26.70%
46
0.00%
44
3.28
10
0.36%
15
0.093
U.S. Average
8.00%
25.40%
0.03%
5
0.30%
0.085

Source: The 2007 State New Economy Index

  1. Percentage of total employment in firms with annual sales that have grown 20 percent or more for four straight years.
  2. The number of new start-ups and business failures combined as a share of the total firms in each state.
  3. The number of Deloitte Technology Fast 500 and Inc. 500 firms as share of total firms.
  4. A weighted measure of the number and value of initial public stock offerings of companies as a share of total worker earnings.
  5. The adjusted number of entrepreneurs starting new businesses.
  6. The number of independent inventor patents per 1,000 people.