Massachusetts, land of the cod, Kennedy, and Adam & Steve, has much to boast about.

Massachusetts is the top-ranked state in the nation when it comes to being ready to compete in the new economy, according to a Washington-based think tank.

The new economy, as described by the Information Technology and Innovation Foundation, is a global, entrepreneurial and knowledge-based economy.

The organization's president ... "noted Massachusetts was number one in many categories in an index compiled by his group that looks at several indicators of a state's readiness to compete. In addition to its overall first place ranking, the Bay State also ranked number one when it came to the number of managerial, professional and technological jobs in the region."

Source: Bay State facing tough competition in the new economy - By Joan Goodchild, The Boston Business Journal