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Maryland High-Tech Jobs Up in 2001 Tech Exports Grow in Maryland Despite a National Decline Washington, DC, June 26, 2002— Maryland’s high-technology industry added 2,400 jobs in 2001, with tech employment reaching 119,100. This growth compares favorably with other states, making Maryland the 11th fastest growing cyberstate, according to Cyberstates 2002: A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA.Electronics exports from Maryland bucked the national downward trend in 2001, increasing eight percent to $1.4 billion from $1.3 billion in 2000, compared with a national decline of six percent. Maryland’s high-tech exports represented 27 percent of total exports from the state in 2001. Cyberstates 2002 also shows that venture capital investments in Maryland plummeted by 56 percent, dropping from $2.3 billion to $1.0 billion between 2000 and 2001. "The data suggests that the technology slowdown was not as dramatic for Maryland as it was for the rest of the nation. Maryland's tech jobs are up and tech exports are up," said Terry Browne, General Counsel for Quantum Photonics, based in Jessup, Maryland. "Maryland's tech industry has definitely benefited from its proximity to the federal government and its diverse industry clusters." 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 Maryland?
Maryland’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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