BY Capgemini
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How a small U.S. state became a tech powerhouse

6 Oct, 2016 10:07 am

Rhode Island's advanced industry sector soared by 285 percent between 2013 and 2015. Only New York, a traditional high-tech manufacturing hub, grew at a faster clip.

© Fotolia

The small U.S. state's success at attracting high-tech industries can be explained by its investments in education and job training, its flexibility towards manufacturers looking to relocate there, and lower corporate tax rates. 

According to a recent Brookings Institution report, economies with advanced industries outshine other regions in long-term growth and productivity, while having reduced racial, income and other disparities. 

"States with jobs in innovation and technology industries are more prosperous, both now and later," Gina Raimondo, the Governor of  Rhode Island, wrote. "And the more states that invest in the advanced industries supersector and become prosperous, the more likely our country is to have an economy that works for everyone." 
Studies continue to show that government investments in high-tech businesses and education can give economic zones tremendous advantages.
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