One of the things I like about industry reports such as this is they remind me that small jurisdictions can be very successful competing against large jurisdictions in attracting investment into important, fast growing industries. If I had a nickel for everytime someone said “we can’t compete with Ontario – or Quebec – or Fill-in-the-blank”, I’d have at least a few bucks.
Small jurisdictions can compete. They just can’t be all things to all people.
Take this industry – medical technologies. From the report:
A number of smaller states had high concentrations of MTI [medical technology industry] jobs. Minnesota and Utah had the highest concentration of MTI jobs relative to total employment—over 3 times the national average. Delaware, Massachusetts and Indiana followed, with over 2 times the national average.
Only California has more medical technology jobs than little Minnesota (1.6% of the US population – New Brunswick is 2.2% of the Canadian population).
You can’t get more New Brunswick than Minnesota – mosquitos, cold winters, huntin’ and fishin’ and yet it’s doing some really interesting things.
We have got to get over this notion that we can’t compete and put real horsepower into figure out how we can compete.