Economic growth is driven by various factors, including innovation. A strong foundation for developing new ideas can be built through certain activities. These activities include generating patents and supporting research. Venture capital also plays a role in this process.

The concentration of innovation activity varies. Some areas have more of this activity than others. This can lead to increased investment and job creation.

Further details about innovation and its impact are available from the source, including an analysis of the 50 states and the metrics used to evaluate innovation activity.