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SpaceX and Virgin Galactic’s entry into Space travel have brought in a slew of Billionaires into the sector. The lesser reliance on hardware and more on software development skills for operating and innovating in space technology is ideal for Seattle – a technology hub.
For the year 2015, the aerospace industry in the state generated $69.9 billion, a 7.9% annual growth rate since 2005. $51.6 billion from the revenue was generated from exports to other states. The core employment is in the aerospace industry (93,800), but the ancillary industries (flight training, equipment, and carbon-fiber manufacturing) contributed 136,100 in jobs, for the year 2015. The average salary of an aerospace employee, excluding health benefits, was $107,000 – higher than what some MBAs receive in top MBA programs. This is because; nearly 95% of all the commercial aircraft currently produced in North America comes from Washington.

The state’s legacy started from one name – Boeing.

Officially incorporated in 1916, Boeing’s ascension in the aircraft industry began when the Founder – William E. Boeing, found a unique way to capitalize on the cyclical nature of the Northwest timber industry. After earning his fortune in the Timber Industry, Boeing, started a small airplane manufacturing plant, using the knowledge of Timber and wooden...

Categories : MBA in USA, Top MBA

The networking equipment, the personal computers, the microchips, and the new media explosion would not have happened if Stanford University were not financially struggling in 1950. It was not until Hewlett-Packard (HP) made the Stanford Industrial Park its headquarters in 1956 that competitors and prospective employees started taking the San Francisco and the San Jose area seriously.

Read: Top MBA in California



California switched hands between the Spanish, the Mexicans (from 1821 to 1848), and finally stood on their own as a state in 1850, following the 1846-48 Mexican–American War.

The networking equipment, the personal computers, the microchips, and the new media explosion would not have happened if Stanford University were not financially struggling in 1950. To bring in predictive revenue, the management's initial plan was to lease out the 8,800 acres under Stanford’s land holding for residential development, shopping centers, and campus infrastructure, but when Al Brandin, the Vice President of Business Affairs, visited Denver, Colorado, he noticed the residential development in a park-like setting. The idea was adapted for Businesses, and the Stanford Industrial Park was formed,...


Harvard University by a big margin contributes the most for the state economy. In 2016, the student community, all of 34,202, that include undergraduates, professional, graduates and extension school participants, had a direct or indirect impact on the economy.The Puritans, settled in Boston, in the 1630s believed in the power of learning, not of worldly concepts but theological morals. For them, educating children, or at least giving them the capability to read the Bible was essential for a well-rounded life on Earth and thereafter. Respect for the government was proclaimed in the Bible. Literacy was a paramount virtue, and to fulfill the qualities of a responsible and religious citizen, the first formal school - the Boston Latin School was opened in 1635.

The 1647 Massachusetts School Laws led to the first publically funded schools in Massachusetts, with small tuition fee or support for the schoolmaster demanded in return from the children’s family. The Schools were a training ground for Harvard College (Founded in 1648) – the prestigious church-sponsored institution of the time.


massachusetts education trends

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First promoted, in 1943, as Press Week, by Eleanor Lambert, the New York Fashion Week was an attempt to position New York as an alternative fashion capital to the dominant Haute Couture in Paris where high-end fashion was a symbol of exclusivity. Only Queens in the 17th Century France had access to custom design and fit, made with hours of detailing and delicate patterns.
First promoted, in 1943, as Press Week, by Eleanor Lambert, the New York Fashion Week was an attempt to position New York as an alternative fashion capital to the dominant Haute Couture in Paris where high-end fashion was a symbol of exclusivity. Only Queens in the 17th Century France had access to custom design and fit, made with hours of detailing and delicate patterns.

With the World War 2 limiting the American audience in Paris, Eleanor found an opportunity to push local designers to the forefront. American designers worked in poor working condition and found it hard to compete with the established French. Eleanor tried hard to bring in International fashion editors to the show, but when all attempts failed, she paid local newspapers to cover the event, paving the way to the Fashion Weeks in February and September. Now, just for the fashion shows and related events, the city attracts over a million visitors annually. The fashion weeks in February and September...


In 2015, the production of natural gas in the US reached self-sufficiency levels (99% consumption). Innovation in hydraulic fracturing on shale formation, began in the 1980s and 90s when Mitchell Energy was experimenting a new method of fracturing in the Barnett Shale, near Bend Arch–Fort Worth Basin.
Although Native Americans found the oil much before the European explorers, the DeSoto expedition in 1543 records the first use of crude oil. During the latter half of the 19th century, drilling oil in Texas was sporadic, but the 1901 discovery of oil well at Spindletop, transformed the Texas and US Economies. The one well contributed 94% of the state’s oil production needs, bringing down the cost to 3 cents a barrel.

In 2015, the production of natural gas in the US reached self-sufficiency levels (99% consumption). Innovation in hydraulic fracturing on shale formation, began in the 1980s and 90s when Mitchell Energy was experimenting a new method of fracturing in the Barnett Shale, near Bend Arch–Fort Worth Basin. The technique found a commercial scale in 2000. Competition soon followed. By 2005, the Barnett Shale was producing half a trillion cubic feet of natural gas every year. 

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California Life science industry is out shadowing the nearest competitors - Massachusetts and New York by a big margin. The 3040 life science companies brought in revenues of $147.7 billion (2015), directly employing over 287,000, while building an eco-system of nearly 800,000 consultants, marketers, and software developers.
California Life science industry is out shadowing the nearest competitors - Massachusetts and New York by a big margin. The 3040 life science companies brought in revenues of $147.7 billion (2015), directly employing over 287,000, while building an eco-system of nearly 800,000 consultants, marketers, and software developers.

The spurt in growth can be attributed to VC funding, with life sciences second only to technology, bringing in $4.5 Billion in 2016, while nearest rival - Massachusetts could only attract $2.7 Billion.

Education is one of the big drivers of government funding into research. California is #1 in Life Science education, contributed by 11 top universities in the Top 100 universities in the world. The State graduates the most number of Science & Engineering PhDs. The supply of some of the best minds in the world attracted over 7000 National Institutes of Health (NIH) grants that totaled $3.6 billion.

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The technology industry in the state contributed 7.5% of the total state’s gross product, with a payroll of $13.3 billion in 2015. If the number of patents in the State is a measure of innovation in the industry, Minnesota saw a three times growth in Patents from 1992 to 2014.The technology industry in the state contributed 7.5% of the total state’s gross product, with a payroll of $13.3 billion in 2015. If the number of patents in the State is a measure of innovation in the industry, Minnesota saw a three times growth in Patents from 1992 to 2014. IBM, Medtronic, and 3M were the prime contributors, registering a combined total of 5286 patents. 80% of the Patents were in medical devices (surgery) sub-sector and technology-specific innovation mostly in the data processing and information storage niche.

Venture Capital investments since 2005 in the state have added up to $3.3 billion. However, IT services or software attracted only 16.74% of the total investments, much below the 57% attracted by the Medical Devices and Equipment industry. Angel investment is a different story. The 25% tax credit that was introduced in 2010 as part of the Minnesota's Angel Tax Credit, brought in over $250 million in start-up investments.

The hidden gem among the technology companies is the UnitedHealth Group Inc.'s data services subsidiary – Optum...




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