Saturday, July 05, 2003
Maryland has released its latest innovation index. Tthe report reveals that Maryland and Virginia, despite heavy federal R&D investments, lag in developing new businesses.
Federal agencies invested $4.9 billion in Maryland (it ranked No. 1) and $2.2 billion in Virginia (No. 12) for research and development projects. But with 13 each, Virginia and Maryland tied at No. 32 in the nation in the number of companies that spin out of public universities.
Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Maryland Innovation Index
