A report recently released by Brookings says Pennsylvania’s innovation economy has gone stagnant, especially outside of hubs like Philadelphia and Pittsburgh.
The report blames a few factors, such as diminished investment by state government in early-stage companies and below-average R&D expenditures by Pennsylvania-based companies, and goes on to argue that to boost its innovation sector performance, Pennsylvania should borrow economic development strategies from competing states.
Image: U.S. Route 1 in Chester County. (Photo by Flickr user Adam Moss, used via a Creative Commons license)
