Even in this era of global markets, new ideas, new companies and new jobs are still created on a local level. One of the bright spots for the future of the U.S. economy is growing evidence that a culture of entrepreneurship is beginning to spread beyond Silicon Valley to urban and rural areas across the country.

States as diverse as Ohio, Kansas, Georgia and Pennsylvania are among the regions bringing together three essential ingredients for innovation: specialized talents, networks and knowledge.

Yes, we are living through a time of economic transition. North Dakota, probably not the first state to come to mind, was a national leader in job growth in the last decade. Philadelphia, where I live and work, was once a major manufacturing center; now one of its major sources of jobs is the health care and life sciences industry, a stable employer even in tough economic times.

By Rich Bendis
President, CEO, Innovation America

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