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AeA News Release Connecticut Home To Two Cybercities For Immediate Release Contact: Teresa Polhemus, 781-938-1925, teresa_polhemus@aeanet.org Woburn, MA, December 5, 2000—The technology industry in Connecticut's two cybercities—New Haven and Hartford—added thousands of high-tech jobs to their economic bases between 1993 and 1998, according to Cybercities: A City-by-City Overview of the High-Technology Industry, a new analytical report released today by AeA (the American Electronics Association) and The Nasdaq Stock Market. The cybercity New Haven includes the cities of New Haven, Stamford, Danbury, Bridgeport and Waterbury. The study found that New Haven ranked 26th nationwide with 48,500 tech workers in 1998 while Hartford ranked 54th with 17,200 tech workers. New Haven also is the fourth ranked cybercity in photonics manufacturing employment. These high-tech employees were also well compensated. The average high-tech wage in New Haven of $69,400 was the eighth highest nationwide in 1998. The average tech wage in Hartford ranked 19th at nearly $60,000 in 1998. AeA's Cybercities found that New Haven’s high-tech industry added 4,100 new jobs between 1993 and 1988, growing by 9 percent. Hartford grew at a much faster rate of 43 percent, adding 5,200 new tech jobs during the same time. "With such top research intensive universities as Yale in New Haven and the University of Connecticut in Hartford, it comes as no surprise that increasingly, high-tech companies are looking to these two areas of the state to open or expand operations," said Teresa Polhemus, Director of Public Affairs and Membership in AeA’s New England Council. Cybercities also examines 1999 venture capital investments. New Haven received $153 million in venture capital investments, while Hartford received $183 million in venture capital. Technology use was also above the national average in these Connecticut cybercities. In particular, New Haven ranked eighth in percent of households with Internet access at 53 percent and 21st in percent of households with computers at 60 percent as of August 2000. Cybercities provides a snapshot of the high-tech industry in 60 metropolitan areas using data on employment, wages, establishments, and payroll. The report also identifies characteristics that can enhance the growth of cybercities, like a strong venture capital market, research intensive universities, a clustering of technology companies, and the elusive concept of quality of life. However, there does not seem to be a standard formula of qualities that a cybercity must possess to be successful; indeed, each has its own unique strengths and qualities. Cybercities is the newest addition to AeA's analytical series of cyber reports, which includes Cybernation 2.0, Cyberstates 4.0, and CyberEducation. AeA members can purchase the Cybercities report for $95; non-members for $190. Call AeA at 800-284-4232 or 408-987-4200. Responding to the substantial growth in its membership and keeping pace with the New Economy, the American Electronics Association has changed its name to the more succinct AeA. AeA has also adopted a new tagline, "Advancing the Business of Technology," to highlight its unique leadership and the unrivaled vitality of its member companies in shaping the New Economy. Advancing the business of technology, AeA is the nation's largest high-tech trade association. Founded in 1943, AeA has more than 3,500 member companies that span the high-technology spectrum, from software, semiconductors and computers to Internet technology, advanced electronics and telecommunications systems and services. With 17 regional U.S. councils and offices in Brussels and Beijing, AeA offers a unique global policy grassroots capability and a wide portfolio of valuable business services and products for the high-tech industry. For 57 years, AeA has been the accepted voice of the U.S. technology community. What Does High Tech Mean for Hartford?
Hartford’s Cybercity Characteristics:
Hartford = Connecticut: Hartford, Middlesex, and Tolland Counties
What Does High Tech Mean for New Haven? New Haven’s Cybercity Characteristics:
New Haven = Connecticut: Fairfield and New Haven Counties Editor’s Note: Cybercities data are for 1998 unless otherwise noted. This page was last updated on 12/04/01. |
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