Twin Cities ranks higher than San Francisco and Austin for knowledge economy

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The Twin Cities has the top so-called "knowledge economy" in the world, according to a think tank in the United Kingdom. Robert Huggins Associates measured hundreds of regions worldwide in areas ranging from public education spending to the number of patents registered. Runners up include San Francisco, California and Austin, Texas. Art Rolnick is director of research at the Federal Reserve Bank of Minneapolis. He says the term "knowledge economy" is hard to define:

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