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Contact: Dennis Sienko, 847.368.9490, dennis_sienko@aeanet.org Illinois Tech Job Growth Slows in 2001 Tech Employment Ranking Drops to 7th Place Nationally Rolling Meadows, IL, June 26, 2002—Illinois’ high-technology industry added 720 jobs in 2001, with tech employment reaching over 226,000 jobs. This modest growth rate caused Illinois to drop from 6th to 7th place nationally in technology jobs in 2001, according to Cyberstates 2002: A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA. Cyberstates 2002 also shows that venture capital investments in Illinois decreased by 62 percent between 2000 and 2001, dropping from $2.1 billion to $807 million. Electronics exports from Illinois also declined in 2001, falling 12 percent to $5.5 billion from $6.2 billion in 2000. Illinois’s high-tech industry exports represent 18 percent of total exports from the state in 2001. "Despite the slow growth rate, the technology industry still plays an important role in Illinois' economy, employing 226,348 people," said Robert Bigony, Senior Vice President for Motorola and Chairman of AeA’s National Board of Directors. "The technology industry in the state employs 44 out of every 1,000 private sector workers." Nationally, Cyberstates 2002 shows that high-tech industry employment grew slightly in 2001, reaching 5.6 million, compared to 5.5 million in 2000. This one percent increase illustrates the effect of the technology slowdown in 2001, compared to nine percent growth in 2000. Cyberstates 2002 is the sixth edition of AeA’s Cyberstates reports. The study includes nine chapters detailing national and state trends in employment, wages, and exports. Venture capital investments, research and development (R&D) expenditures, and computer and Internet home use are also examined. The report includes state rankings for each indicator. Cyberstates 2002 is based on the most current U.S. government data available. AeA members can purchase the Cyberstates 2002 report for $95; non-members for $190. Call AeA at 800.284.4232 or 408.987.4200. Cyberstates 2002 is part of AeA’s cyber report series, which includes Cybernation 2.0, CyberEducation 2002, and Cybercities. What Does High Tech Mean for Illinois?
Illinois’s National Industry Segment Rankings:
Source: Cyberstates 2002 Published by the AeA, Advancing the Business of Technology (www.AeAnet.org) # # # Advancing the business of technology, AeA is the nation's largest high-tech trade association. 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 18 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. AeA has been the accepted voice of the U.S. technology community since 1943. This page was last updated on 06/24/02. |
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