Business

Report: Research and innovation led the Massachusetts economic recovery

Research and innovation have led the Bay State’s economic recovery and remain strong, according to a new report from the Massachusetts Technology Collaborative’s John Adams Innovation Institute.

The report, called the Index of the Massachusetts Innovation Economy, examined such metrics as patents, academic publications, and venture capital funding in reaching its conclusions.

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According to the index, Massachusetts outperforms nine other states on the technology front.

Other index conclusions: 38 percent of the Bay State’s total employment is concentrated in 11 innovation sectors, which account for 1.2 million jobs in Massachusetts.  The number of jobs created in those sectors rose by 24,000 from 2006 to 2011, and wages increased by 23 percent between 2005 and 2010.

The index examined Massachusetts along with such other states as California, Connecticut, Maryland, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, and Virginia.

The John Adams Innovation Institute was created by the Massachusetts Legislature, and it is part of the Massachusetts Technology Collaborative, a public economic development agency. The institute describes its mission as fostering the Bay State’s “innovation ecosystems.”

Chris Reidy can be reached at reidy@globe.com.
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