How Oregon Can Win In The New Global Innovation Economy

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Information Technology and Innovation Foundation

This document summarizes the results of Oregon's performance in the 2014 State New Economy Index. It finds that Oregon ranked 15th overall, with strengths in manufacturing value added (3rd), immigration (9th) and migration (11th) of knowledge workers, and inventor patents (11th). However, it was weaker in areas like foreign direct investment (42nd), initial public offerings (35th), and entrepreneurial activity (36th). The presentation outlines two key principles for economic success and highlights several global policy innovations that could help Oregon improve its innovation capacity.

Governo e ONGs Negócios Esportes

June 11, 2014
How Oregon Can Win In the New Global
Innovation Economy
Dr. Robert Atkinson, President, ITIF
@robatkinsonitif #SNEIOregon

Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
2
3 Global Policy Innovations

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
2014 SNEI Overall Scores
Oregon:
Rank
2014: 15
2012: 14
2010: 14

5
Information Technology Jobs
Oregon: Rank
2014: 26
2012: 27
2010: 30

6
Managerial, Professional, and Technical Jobs
Oregon:
Rank
2014: 15
2012: 17
2010: 26

7
Workforce Education
Oregon: Rank
2014: 17
2012: 18
2010: 16

8
Immigration of U.S. Knowledge Workers
Oregon: Rank
2014: 9
2012: 15
2010: 30

9
Migration of U.S. Knowledge Workers
Oregon: Rank
2014: 11
2012: 18
2010: 29

10
Manufacturing Value Added
Oregon: Rank
2014: 3
2012: 3
2010: 14

11
High-Wage Traded Services
Oregon: Rank
2014: 20
2012: 18
2010: 17

12
Export Focus of Manufacturing and Services
Oregon:
Rank
2014: 21
2012: 13
2010: 11

13
Foreign Direct Investment
Oregon:
Rank
2014: 42
2012: 42
2010: 43

14
Job Churning
Oregon: Rank
2014: 21
2012: 18
2010: 14

15
Fast-Growing Firms
Oregon:
Rank
2014: 22
2012: 32
2010: 19

16
Initial Public Offerings
Oregon:
Rank
2014: 35
2012: 32
2010: 45

17
Entrepreneurial Activity
Oregon: Rank
2014: 36
2012: 24
2010: 12

18
Inventor Patents
Oregon:
Rank
2014: 11
2012: 3
2010: 2

19
Broadband Telecommunications
Oregon:
Rank
2014: 13
2012: 14
2010: 21

21
High-Tech Jobs
Oregon:
Rank
2014: 15
2012: 14
2010: 15

22
Scientists and Engineers
Oregon: Rank
2014: 24
2012: 23
2010: 24

23
Patents
Oregon: Rank
2014: 25
2012: 21
2010: 7

24
Industry Investment in R&D
Oregon: Rank
2014: 9
2012: 9
2010: 10

25
Non-Industry Investment in R&D
Oregon:
Rank
2014: 34
2012: 32
2010: 32

26
Movement Toward a Clean Energy Economy
Oregon Rank
2014: 1
2012: 3
2010: 6

27
Venture Capital
Oregon:
Rank
2014: 16
2012: 8
2010: 12

Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
28
3 Global Policy Innovations

 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

Today’s Presentation
2 Key Principles for Success
SNEI Results for Oregon1
30
3 Global Policy Innovations

 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

Thank you!
Rob Atkinson
ratkinson@itif.org
Twitter: @robatkinsonitif
Facebook: facebook.com/innovationpolicy
Blog: www.innovationpolicy.org
Website: www.itif.org
Follow ITIF:

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How Oregon Can Win In The New Global Innovation Economy

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:

How Oregon Can Win In The New Global Innovation Economy

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