Maine  versus New Hampshire VI

Maine versus New Hampshire VI

August 18, 2008 Posted by J. Scott Moody - No Comments

Recently, Fraser America released a new study titled “Measuring Entrepreneurship: Conceptual Frameworks and Empirical Indicators.”  After reading through the study I noticed a wide deviation between Maine and New Hampshire on several entrepreneurial metrics:

1)  Venture capital invested (by destination) per capita, 2005:  Maine ranked 10th from the bottom at $2.36 while New Hampshire ranked 7th highest at $90.19.

2)  Total industrial R&D expenditure (performing) as a percentage of GDP, 2003:  Maine ranked 18th from the bottom at 0.5 percent while New Hampshire ranked 8th highest at 2.8 percent.

3)  Total academic R&D expenditure (performing) as a percentage of GDP, 2003:  Maine ranked 3rd from the bottom at 0.19 percent while New Hampshire ranked 15th highest at 0.52 percent.

4)  Number of patents granted (all types) per 1,000 people, 2005:  Maine ranked 23rd from the bottom at 0.121 while New Hampshire ranked 9th highest at 0.413.

Note: Ranks are out of 60 since it includes all U.S. states and Canadian Provinces.