Phil's Thoughts

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Colorado is one of the nation’s most innovative states

As we look back on 2013, it has been fun for us to see how cities in Colorado have ranked highly for supporting entrepreneurstech startups, and the state’s energetic workforce.

But before we close out the year, we had to add one more ranking to the mix to showcase that it’s more than just our entrepreneurial spirit that makes us the place to be if you want to be part of a culture that supports the nation’s innovators.

To uncover the nation’s most innovative states, we decided to look at the innovation data reported in our Toward a More Competitive Colorado report, which details how states rank in terms of entrepreneurial activity, new businesses, venture capital investments, R&D spending, patents granted per capita, and high-tech employment per capita. As a simple way to measure innovation, this analysis assumes that these among the primary measures of innovation and that all measures are given equal weight.

For those of you who have been following recent announcements, it should come as no surprise that Colorado ranks number two, right behind California in terms of innovation.

Colorado’s highly educated workforce, broad concentration of high-tech workers, and strong research universities continue to attract established companies and support new business creation.

Here’s how Colorado stacks up in terms of innovation across the nation.

  1. California
  2. Colorado
  3. Massachusetts
  4. Maryland
  5. Washington
  6. Connecticut
  7. Utah
  8. New York
  9. New Hampshire
  10. New Jersey

With energetic minds constantly on the go in Colorado, we are proud to be one of the most innovative states that is pushing the nation’s business community forward. 

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About Phil Kalin

Phil Kalin joined Pinnacol Assurance as CEO in 2013. He has served as the chief executive of both public and privately-backed companies, including large hospital systems, as well as organizations focused on health care data, technology and education. He has been active nationally on health care topics related to insurance, data analytics, technology innovation, cost improvement and risk mitigation. Phil is providing an informed opinion on what we see in the Monthly Economic Indicators.

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About Pinnacol

Pinnacol Assurance is the Metro Denver EDC's Research Sponsor. Pinnacol is Colorado’s leading provider of workers’ compensation insurance. Pinnacol provides comprehensive, competitively priced coverage; immediate attention to claims; a highly qualified network of medical providers; and proactive safety programs to more than 55,000 Colorado businesses. Annually, Pinnacol supports nearly $500 million of Colorado’s economic activity, spends over 35,000 hours keeping Colorado worksites safe and provides compassionate care to over 40,000 Coloradans injured on the job.

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