Frost Radar for Economic Development: The United States, 2022

Texas, California and Georgia Emerge as Top States for Demonstrating Strong Investment Potential

The Frost Radar™ for Economic Development for the United States determines the investment potential for each state measured by favorable state policies that will effectively drive inward investment and that are driven by social factors. This report explores key strengths and weaknesses of the the US economy through state-level assessments of growth and innovation initiatives and then benchmarks each state and the District of Columbia on these 2 indices.

The US economy, although gradually recovering from the pandemic in 2021, has gone into a protracted period of economic uncertainty in 2022 due to the Russo-Ukrainian war. Supply chain disruptions have magnified the economic slowdown in the United States, which is anticipated to enter a prolonged period of feeble growth and elevated inflation. The Frost Radar™ for Economic Development, the United States, 2022 diagnoses the significant challenges to the US growth environment, including elevated inflation and aggravating drought. Moreover, by measuring performance against the major subpillars of Innovation in Education, Healthcare, Environment, Infrastructure, Social Well-being, and Security, the Frost Radar™ offers broad-based insights into the economic pulse of the states and identifies key drivers underpinning the growth momentum across states.

In this research, Frost & Sullivan indexes the top 8 state economies in the United States to determine what makes them among the front-runners. The Frost Radar™ is intended to empower governments, policy-makers, investors, and businesses to identify strategic imperatives for future investment potential.

Key Issues Addressed:

• What are the strategic imperatives for governments across the United States?

• Which states are the leaders for innovation?

• Which states are the leaders for growth?

• What are the forces that impact businesses in the United States?

• What are the best practices for the top 3 states?