Maine versus New Hampshire VI
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.