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December 30, 2005

Report: R.I. ranks low for economic competitiveness nationwide

Rhode Island ranks 41st among the 50 states in terms of economic competitiveness, according to a report released by a Massachusetts public policy research group.

The Beacon Hill Institute at Suffolk University in Boston defines competitiveness as "the policies and conditions that ensure and sustain a higher level of per capita income and continued growth."

The institute ranks states in eight categories -- government and fiscal policy, security, infrastructure, human resources, technology, business incubation, openness and environmental policy -- to produce a competitiveness index.

Massachusetts ranked first with an index of 7.13, while Louisiana finished last with an index of 2.60. Rhode Island's index was 4.23.

Posted by Jack Perry  at 11:52 AM | Permalink