Tuesday, March 19, 2013

The leading innovation hotspot of the world?

The Washington Economic Development Commission (WEDC) says Washington can accelerate job growth and become a global leader in innovation. The WEDC's report, "Driving Washington's Prosperity – A Strategy for Job Creation and Competitiveness," released last week, identifies five key drivers for ensuring job creation and competitiveness:
  • Make talent a top priority
  • Invest in entrepreneurship
  • Connect through reliable infrastructure
  • Regulate in the smartest ways
  • Expand international business
The report also includes an analysis of the State's competitive strengths (research & development, patent production, technology jobs growth, venture capital investment, manufacturing and exports) and weaknesses (rate of jobs recovery, in-state production of scientists and engineers, workforce skills, household income, investment in transportation infrastructure and foreign direct investment).

Rep. Jeff Morris and Sen. Maralyn Chase serve in the WEDC, which provides the governor and the legislature with leadership and guidance on long-term economic development strategies to benefit all of Washington's citizens.

Read this story in Spanish.