LOS ANGELES, CA--(Marketwired - December 01, 2015) - Innovation is crucial for the creation of high-quality jobs and strong economic growth, and in the global race for innovation, California enjoys advantages that others envy. But to maintain its leadership, California must provide a competitive business environment that encourages companies to conduct innovation-creating research. In a report released today, "California's Innovation-Based Economy: Policies to Maintain and Enhance It," Milken Institute researchers conducted one of the most thorough analyses of the landscape of research and development (R&D) spending in California (see link below). The report demonstrates the key role of R&D in the state's economy, and proposes ideas for spurring businesses to continue and intensify their research activity.
