"The new economics of place are driven by their ability to attract and expand science and technology assets and leverage them for economic development. State and regional economic performance is determined by how effectively it uses its comparative advantages to create and expand knowledge assets and convert them into economic value. The Milken Institute has created an index that encapsulates a comprehensive inventory of technology and science assets that provides states with a benchmark, monitors its technology progress and can be leveraged to promote economic development. Composed of five major, equally weighted composites - Research & Development Inputs, Risk Capital and Entrepreneurial Infrastructure, Human Capital Investment, Technology and Science Workforce, and Technology Concentration and Dynamism - the State Technology and Science Index looks at the ecosystem of economic development and sustainability."--From the Milken Institute website.