June 7, 2007 4:28 PM

Good news on the local economic front
Posted by Douglas Eisenhartat 4:28 PM

Here's some good news from the Boston.com Daily Business Update:

Massachusetts' economic growth accelerated last year, outpacing other New England states. . .
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Massachusetts's productivity, or output per person, was the third highest in the nation, as measured by value, the Commerce Department said. Each person produced nearly $47,000 in goods and services, compared to about $38,000 nationally. Delaware, at $59,288, and Connecticut, at $50,332, led the nation.

The Commerce Department attributed the high per person output to "a concentration of high value industries, such as financial services."

We hear a lot about all the intellectual capital around here. Looks as though it might just be paying off.

Based on this report, here's my entry for a new economic development slogan for the region: "If you're smart, you'll stay in Massachusetts."