Source: Federal Reserve Bank of Richmond. (Click on map for more legible image.)
The U.S. Economic Development Administration measures a region’s innovation performance relative to that of the nation based on component indices of human capital, economic dynamics, productivity and employment and economic well being. The first two measures are inputs to innovation, the second two are outputs that reflect the results.
The Washington-Baltimore area is the largest cluster of innovation in the district, followed by the North Carolina research triangle. The one other standout is Montgomery County, Va., home to Virginia Tech. (For the second time today, eat your hearts out, Wahoos! And I say that as a Wahoo myself.)
The rest of the region, including Richmond, Hampton Roads and Charlottesville, perform slightly below the national average for innovation.
