Technology Community- July/August 2001 edition

Technology industry employment grew in 2000 at its slowest rate, 4.6 percent, since 1994-1995, according to a comprehensive report released by the nation’s largest high-tech trade association, AeA, and The Nasdaq Stock Market. The report, Cyberstates 2001: A State-by-State Overview of the High-Technology Industry, also found that U.S. high-tech industry jobs reached 5.3 million last year, an increase of 235,000 from 1999. The report details national and state trends in high-tech employment, wages, exports and home Internet access, among other factors. Cyberstates 2001: A State-by-State Overview of the High-Technology Industry is AeA's newest study in the cyber report series. These reports examine the economic importance of the nation’s high-tech industry globally, nationally, and locally. High-tech leaders, policy makers, and the press have found the cyber series useful in better understanding today’s high-tech industry.

Cyberstates 2001 found that the national average high-tech wage of $64,900 rose from $58,976 in 1998 and was 95 percent greater than the nation’s average private sector wage of $33,200 in 1999, the latest data available. This compares with 67 percent in 1994. U.S. high-tech exports, meanwhile, reached $223 billion last year, a 92 percent increase from $116 billion in 1994, the report said. High-tech exports now represent 29 percent of all U.S. exports.

According to Cyberstates 2001, California remains the nation’s technology powerhouse, employing 973,600 workers in 2000. Texas ranked second in overall high-tech employment, with 440,700 workers. New York, Massachusetts and Florida were, respectively, next in the employment rankings

What Does High Tech Mean for Colorado?

• 180,866 high-tech workers (10^th ranked cyberstate)

• 75,600 jobs added between 1994 and 2000, ranked 4^th nationwide

• High-tech firms employ 97 of every 1,000 private sector workers, ranked 1^st nationwide

• High-tech workers earned an average wage of $66,378 (8^th ranked), or 93% more than the average private sector wage

• Colorado’s average high-tech wage increased 33%, or by $16,400, between 1994 and 1999, adjusted for inflation

• A high-tech payroll of $11.1 billion in 1999, ranked 9^th nationwide

• 6,383 high-tech establishments in 1999, ranked 12^th nationwide

• High-tech exports totaled $4.1 billion, ranked 11^th nationwide

• High-tech exports represented 62% of Colorado’s exports

• Venture capital investments of $4.7 billion, ranked 5^th nationwide

• R&D expenditures of $4.6 billion in 1998, ranked 14^th nationwide

• Home computer penetration reached 63%, ranked 4^th nationwide

• Home Internet use totaled 52%, ranked 3^rd nationwide

Colorado’s National Industry Segment Rankings:

• 5^th in software services employment with 39,200 jobs

• 5^th in photonics manufacturing employment with 3,000 jobs

• 7^th in computers and office equipment manufacturing employment with 17,400 jobs

Source: Cyberstates 2001 data are for 2000 unless otherwise noted 1999 data are the most current for wages and industry segment jobs Published by AeA, Advancing the Business of Technology (www.AeAnet.org)

To purchase the Cyberstate 2001 report call AeA at 800-284-4232 or 408-987-4200.

[Source:aeanet.org]

Headlines from the July/August edition of Technology Community 

Page 1 Cyberstates2001

Page 2 Boulder Instruments & NREL

Page 3 Federal Labs News 

Page 4 Colorado Company Successes

Page 5 CASI 2001 APEX Awards

Page 6 Metro Manufacturing Crawl

Page 7 CUBAC & RVC
Page 8 CPIA & T2S

Page 9 CEBA on Carbon Trading

Page 10 Changes in ATP and SBIR

Page 11 Internet Economics and more

 

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