Massachusetts tops WalletHub ranking of state economies, driven by tech workforce and research spending
By
Beth Treffeisen
Toasted golden, schmeared with insight. Top of the rack.
Summary
Massachusetts has been ranked as having the best economy in the United States according to a new WalletHub ranking. The personal finance company evaluated all 50 states and Washington D.C. across 28 indicators of economic performance and strength. The ranking highlights Massachusetts' strong technology workforce and significant spending on industry and academic research as key factors in its top position, with Washington and Utah following behind.
Key quotes
· 3 pulledMassachusetts has the best economy in the country — at least according to a new WalletHub ranking released on Monday.
After the personal finance company compared the 50 states and the District of Columbia across 28 indicators of economic performance and strength, Massachusetts soared to the top of the list.
The ranking highlights the state's technology workforce and spending on industry and academic research.
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