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Innovation 2.0

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Explore Innovation 2.0

Human Capital & Knowledge Creation

Business Dynamics

Business Profile

Employment & Productivity

Economic Well-Being

Social Capital

This category suggests the extent to which a region’s population and labor force are able to engage in innovative activities.

Core Index	Measure
n/a	“Salad Days” Population Growth (Ages 25-44)
Educational Attainment	High School Attainment (Ages 18–24)
	Some College, No Degree (Age 25+)
	Associate Degree (Age 25+)
	Bachelor’s Degree (Age 25+)
	Graduate Degree (Age 25+)
Knowledge Creation and Technology Diffusion	Patent Technology Diffusion
	University-Based Knowledge Spillovers
	Business Incubator Spillovers
STEM Education and Occupations	STEM Degrees (per 1,000 Population)
	Technology-Based Knowledge Occupation Clusters
	High-Tech Industry Employment Share

This category gauges the competitiveness of a region by investigating the entry and exit of individual firms—the creative destruction measures.

Core Index	Measure
Establishment Formation	Establishment Births to All Establishments Ratio
	Traded Sector Estab. Births to All Estab. Ratio
	Jobs Attributed to Estab. Births to Total Employment Ratio
	Change in Estab. Births to All Estab. Ratio
Establishment Dynamics	Estab. Expansions Divided by Estab. Contractions
	Estab. Births Divided by Estab. Deaths
	Traded Sector Establishment Dynamics
Venture Capital Dollar Measures	Venture Capital (Average Annual $)
	Expansion Stage Venture Capital $
	High-Tech Venture Capital $
	Change in Venture Capital $
Venture Capital Count Measures	Initial Public Offerings
	Venture Capital Deals (Average Annual)
	Change in Venture Capital Deals

This category measures local business conditions and resources available to entrepreneurs and businesses.

Core Index	Measure
Foreign Direct Investment Attractiveness	FDI Employment Index, Foreign Source
	FDI Employment Index, National Source
	FDI $ Investment Index, Foreign Source
	FDI $ Investment Index, National Source
Connectivity	Residential High-Speed Connection Density
	Change in Residential High-Speed Connections
	Farm Operators with Internet Access
Dynamic Industry Profile	Small Establishments (Average)
	Large Establishments (Average)
	High-Tech, Early-in-Life-Cycle Establishment Ratio
Proprietorship	Proprietorship Rate
	Change in Proprietorship Rate
	Proprietor Income to Total Wages and Salaries
	Availability of Capital from All Banks

This category describes economic growth, regional desirability or direct outcomes of innovative activity.

Core Index	Measure
n/a	Job Growth to Population Growth Ratio
n/a	Change in Share of High-Tech Industry Employment
Industry Performance	Cluster Diversity
	Cluster Strength
	Cluster Growth Factor
Gross Domestic Product (GDP)	GDP per Worker
Gross Domestic Product (GDP)	Change in GDP per Worker
Patents	Change in Average Patenting Rate
	Patent Diversity
	Patents by Institution Type*

* This measure is descriptive, so it is presented for information, but not included in the index calculation.

This category explores standard of living and other economic outcomes.

Core Index	Measure
n/a	Per Capita Personal Income Growth
Compensation	Growth in Wage/Salary Earnings per Worker (Average Annual)
Compensation	Change in Proprietors' Income per Proprietor (Average Annual)
n/a	Income Inequality (Mean to Median Ratio)
n/a	Poverty Rate (Average)
n/a	Unemployment Rate (Average)
n/a	Dependency Based on Income Sources (Ratio)
n/a	Net Migration (Average)

This category suggests the regional benefits of collaborative networks that undergird a community’s ability to meet its challenges. It is an optional component that users may choose to include or exclude in the index calculation.

Core Index	Measure
Altruism	Literacy
	Local Radio Media
	Outreach
	Philanthropy
	Volunteering, Individual Participation
Formal Membership and Participation	Non-Rent-Seeking Organizational Memberships
	Rent-Seeking Organizational Memberships
	Active Political Participation
	Voting Political Participation
Informal Interaction	Home Ownership
	Household Composition (Non-Family Residents)
	Local to Traded Industry Ratio
	Patent Collaboration Density
	Residential Stability
	Single-Parent Households
	Suicide Rate
Shared Norms	Foreign Born
	Foreign-Born Naturalized Citizens
	Ideological Homogeneity
	Median Age
	Non-English Speakers at Home
	Political Homogeneity
	Racial Diversity
	Religious Homogeneity
	Socioeconomic Inequality (Gini Coefficient)
	Youth and Senior Population
Trust	Property Crime
	Violent Crime
	Trust in Governance
	Generalized Trust
	Institutional Trust

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