Michigan ranked 9th in the nation in the number of patents issued, matching the “Top Ten” average. On a per capita basis, Michigan inventors were more prolific than those in all of its peer states except Massachusetts and California.
What It Is: Number of U.S. patents awarded per 100,000 residents.
Why It Matters: Patents provide an incentive for innovators and entrepreneurs to improve technology. The states whose residents are the source of this innovation have an advantage in reaping the economic benefits derived from them.