NEW YORK (February 21, 2007) — Penton’s Expansion Management™, a business magazine for executives of companies actively looking to expand or relocate their facilities, today released its fifth annual "Knowledge Worker Quotient" (KQ) rankings, comparing college-educated workforce availability across U.S. metro areas. This year, California and New York states (each with five) have the most “Five-Star Knowledge Worker Metros,” a distinction awarded to the top 20 percent of metro areas in its studies. A list of this year’s “Five-Star Knowledge Worker Metros” is available in the publication’s March/April 2007 issue and on the Web at www.expansionmanagement.com.
Click here to read List of 5-Star Knowledge Worker Metros.
Following California and New York were Colorado and Massachusetts, each of which has four metros receiving the five-star designation. Connecticut, Michigan, Pennsylvania and Texas each have three.
“The United States’ relative advantage in the world economy will be in knowledge-based industries, and that requires an increasingly well-educated work force,” said Bill King, chief editor of Expansion Management. “As more companies engage in the knowledge sector of the economy, competition for highly educated workers will become even more intense. Metros with a concentration of these workers will prosper, while those that don’t won’t.”
The KQ rankings are based on evaluation of data in three broad areas: human capital, educational institutions and R&D spending. The study compared the college-educated work force in each U.S. metro area, paying particular attention to advanced degrees (masters, Ph.D. and medical degrees); the percentage of a metro’s adult population employed in science and engineering jobs; the number and type of colleges and universities in a metro area (including community colleges); and science and engineering R&D spending by the metro area’s research universities, in order to come up with a comparative ranking of the depth of a metro’s knowledge-based work force. There are a total of 362 metropolitan statistical areas in the United States (plus eight in Puerto Rico).
For additional information on the Knowledge Worker Quotient survey, contact Bill King, chief editor, at (913) 338-1503 (BillKing@Penton.com.), or Michael Keating, senior research editor, at (216) 931-9657 (mkeating@Penton.com) .
Expansion Management is distributed to more than 45,000 CEOs, vice presidents, directors and other officers of companies that have indicated they are considering expanding into new geographic areas. In addition to its bimonthly magazine, the publication offers e-newsletters, Webcasts, conferences and additional digital information for its audience. For more information, visit www.expansionmanagement.com. Expansion Management is published by Penton Media, Inc.
Headquartered in New York, the new Penton Media, Inc. is one of the nation’s largest business-to-business media and information companies, serving more than six million business professionals every month. Its market-leading brands are focused on 23 industries. The company was formed through the combination of Prism Business Media and Penton Media. The new company will adopt the Penton Media brand and expects to complete the transition to this new unified branding by March 15. Its growing portfolio includes 113 trade magazines, 145 Web sites, 96 industry trade shows and conferences and more than 500 information data products. The privately held company is owned by U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, its co-investors, and by MidOcean Partne. For additional information on the company and its businesses, visit www.penton.com .
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