Florida posts another mediocre finish in Bloomberg Innovation Index

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In the past decade and a half, local and state governments in Florida have spent $1.5 billion to build a biotech industry. They dropped an additional $100 million to spur a digital animation industry.

Despite the massive investment aimed at creating a high-tech economy, Florida continues to post mediocre showings in national measures of tech prowess. In the latest example, Florida ranks 34th on Bloomberg’s 2016 U.S. State Innovation Index, which measures states on such factors as tech employment and patent filings.

Florida ranked especially low on Bloomberg’s measures of economic productivity per worker and the concentration of workers in science, technology and engineering.

Massachusetts and California top Bloomberg’s list. Florida rated closer to Mississippi, which was at the bottom.

In a separate study released in October, Florida fell to 41st in the Milken Institute’s State Technology and Science Index for 2016, down from 37th in 2014. And Florida ranks 41st in the Palm Beach Post’s latest state-by-state ranking of National Institutes of Health grants per capita¬†for the 2016 fiscal year, which ended Sept. 30.

Massachusetts topped both of those lists.

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