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The New Economy, marked by globalization, technological innovation and entrepreneurial development, has replaced the capital-intensive, traditional manufacturing environment that dominated state economies in the second half of the 20th century. As such, old methods of measuring economic success need to be replaced with new metrics that can better analyze how states are adjusting to and thriving in the New Economy. The Oregon Biotechnology Industry Organization, the Oregon Business Association, the Oregon Business Council, and the Portland Business Alliance present the unveiling of ITIF's 2014 State New Economy Index, which uses indicators to predict how states are faring in the new age of globalization, big data, knowledge-based industries, and innovation. Robert Atkinson, co-author of the report, reported on how Oregon ranks compared to other states and what are the global best-practices in technology-based economic development that Oregon might consider to improve its economic performance.