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Week of January 7-13, 2008


State Competitiveness Rankings

The latest edition of the Beacon Hill Institute’s (BHI) annual State Competitiveness rankings shows that Utah has emerged as the US’s most competitive state economy. Utah assumes the top rank over Massachusetts, which had held the No. 1 spot for the previous two years. The BHI Index tracks forty-two different measures in a variety of areas such as infrastructure, environmental policy, government and fiscal policy, and technology. Utah’s impressive performance is attributed to competitive advantages in areas of government and fiscal policy, infrastructure, and new business development. The top five performing states are (in rank order): Utah, Massachusetts, Colorado, North Dakota, and Idaho. Among the states that have seen the greatest improvement on the BHI are Montana, New Mexico, and Rhode Island.

Download the December 2007 Beacon Hill Institute at Suffolk University report, State Competitiveness Report 2007.


The Power of Partnerships to Drive Innovation

A new report from the US Chamber of Commerce examines how business leaders can help support and promote a comprehensive innovation policy for the US. The report suggests that CEOs and Governors can play key roles in helping to meet America’s competitive challenges. The report concludes with recommendations on six steps for smart innovation investments. Its suggestions include closely aligning state R&D investments with state economic development strategy; investing in collaborations between business, government, and academia; and investing for the long haul in a sustained and consistent manner.

Download the December 2007 US Chamber of Commerce report, Innovation America: A Public-Private Partnership. The report was published as part of the National Governors’ Association Innovation America initiative.


Asia's Top Young Entrepreneur

BusinessWeek.com has been sponsoring an on-line contest to select Asia’s most promising young entrepreneur (under the age of 30), and the final votes are in. This year’s top vote getter hails from Vietnam. Nguyen Minh Tri is only 25, but he’s already started two companies: My World and Viet Tech. My World is a Web 2.0 firm, and Viet Tech supports outsourced information technology operations. Nguyen is typical of many new Vietnamese entrepreneurs who smoothly operate in both the East and the West. His firms have offices in both Ho Chi Minh City and Portland, Oregon. Overall, the Business Week list is full of impressive young people, who are strong examples of the thriving entrepreneurial culture beginning to emerge across Asia.

Learn more about BusinessWeek.com’s top young Asian entrepreneurs.


Entrepreneur Magazine's Top Franchises

If one of your New Year’s resolutions is to start a new business, you might want to check out Entrepreneur magazine’s 29th annual Franchise 500, their listing of the top 500 franchises in the US. “Convenience is king” on this year’s list as 7-Eleven has emerged as the US’s most popular franchise. 7-Eleven is a big business, with 5,580 franchisees in the US, and more than 25,000 located overseas. Convenience foods seem to be hot in 2007 as other franchises in the top 5 include Subway, Dunkin’ Donuts, Pizza Hut and McDonalds.

To access Entrepreneur magazine’s 29th annual Franchise 500, visit www.entrepreneur.com. The list also appears in Entrepreneur’s January 2008 issue.


Doing Well... and Doing Good

Since 2004, Fast Company and the Monitor Group have recognized the world’s most innovative and effective non-profits that are changing the world with innovative practices and programs. This year’s awards list recognizes 45 world class organizations that work in areas as diverse as education, microenterprise, international development, and health care. Included in the list is Endeavor Global, an organization that seeks to transform emerging-market economies by identifying and supporting high-impact entrepreneurs (Endeavor is serving as a Global Partner for Global Entrepreneurship Week, a new initiative originated by the Kauffman Foundation to inspire young people to embrace creativity, imagination and innovation). In addition to the non-profits listed, there are 10 for-profit winners listed, including: Better World Books; Developing World Markets; Domini Social Investments; Equal Exchange; Herman Miller; New Leaf Paper; Organic Valley Family of Farms; Seventh Generation; ShoreBank; and, SustainAbility.

Learn more about the Fast Company 2008 Social Capitalist awards. The list also appears in the December 2007/January 2008 issue of Fast Company.


The National Dialogue on Entrepreneurship is an initiative of the Public Forum Institute made possible by a grant from the Kauffman Foundation of Kansas City. Through NDE-news, we bring you short summaries and analyses of various trends driving entrepreneurship around the world. Subscribe now to receive your weekly copy. Archived issues are available online.


Kauffman Foundation The Public Forum Institute

National Dialogue on Entrepreneurship

Mark Marich, Editor

All stories © 2008 The Public Forum Institute
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