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Contact: Dennis Sienko, 847.368.9490, dennis_sienko@aeanet.org Tech Growth in Kansas 2nd Highest in the Nation Venture Capital Investments and Tech Exports Drop Rolling Meadows, IL, June 26, 2002—Kansas’s high-technology industry added more jobs in 2001 than in 2000, 6,800 compared to 5,900, placing the state second only to California in job growth. Technology industry employment in Kansas totaled 52,600 in 2001, according to Cyberstates 2002: A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA. At the same time, venture capital investments in Kansas dropped dramatically in 2001, decreasing by 85 percent, falling from $301 million to $46 million between 2000 and 2001. Cyberstates 2002 also shows that electronics exports from Kansas declined in 2001, decreasing 10 percent to $416 million from $460 million in 2000, compared with a national decline of 15 percent. "The Cyberstates 2002 report that shows Kansas placing second only to California in the number of new tech jobs is very exciting news," said Kansas Lt. Governor/Commerce Secretary Gary Sherrer. "This job growth, even in a slow economy, reinforces our belief that Kansas offers great opportunities for technology-based companies." 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 Kansas?
Kansas’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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