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?
Author: Rituparna Majumder

Frost Radar™ for Economic Development: Strategic Imperatives for the US Economy
Frost Radar™ for Economic Development: US Growth Environment
Frost Radar™ for Economic Development: Challenges for the US Economy
Frost Radar™ for Economic Development: The United States—An Overview
Frost Radar™ for Economic Development: Methodology
Frost Radar™ for Economic Development: The United States—Top 8 States
Frost Radar™ for Economic Development: The United States—State Ranking
Frost Radar™ for Economic Development: The United States—Competitive Environment
Texas
California
Georgia
Growth Excellence Parameters
Innovation Excellence Parameters
List of States and the District
Legal Disclaimer
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth 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
Author: Rituparna Majumder
| Deliverable Type | Frost Radar |
|---|---|
| Author | Rituparna Majumder |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Economic Development in United States |
| Keyword 2 | Economic Growth United States |
| Keyword 3 | Global Economic Development |
| Podcast | No |
| WIP Number | PD57-01-00-00-00 |
Frost Radar™ for Economic Development: The United States, 2022
Texas, California and Georgia Emerge as Top States for Demonstrating Strong Investment Potential
22-Aug-2022
North America
Frost Radar
