March 22, 2023 - The BioHealth Capital Region (BHCR) with The District of Columbia, Maryland, and Virginia are making a name for themselves as some of the most innovative states in the nation, according to a new study by WalletHub. All three have secured spots in the Top 10 of WalletHub's 2022 rankings of the Most Innovative States. This recognition highlights the region's strength as a hub for innovation and technological advancement.
The study compared all 50 states and the District of Columbia across 24 key indicators of innovation-friendliness, including research and development spending per capita, the share of STEM professionals, and tech company density. The District of Columbia took the top spot overall, with Maryland coming in at number 5 and Virginia rounding out the top 10 at number 9. These strong rankings reflect the region's commitment to fostering a culture of innovation and investing in developing cutting-edge technologies.