Rolling Meadows, IL, June 26, 2002— Michigan’s high-technology industry added 2,100 jobs in 2001, with tech employment reaching 110,100 jobs, 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 Michigan increased in 2001, rising five percent to $1.8 billion from $1.7 billion in 2000. Michigan’s high-tech industry exports represented six percent of total exports from the state in 2001.

Cyberstates 2002 also shows that while venture capital investments in Michigan fell from $428 million to $153 million 2000 and 2001, the state ranks 8^th in R & D spending per capita.

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.

• 21,700 jobs added between 1995 and 2001, ranked 21^st nationwide

• 2,100 tech jobs added in 2001, compared to 3,400 jobs added in 2000

• High-tech firms employ 28 of every 1,000 private sector workers, ranked 38^th nationwide

• High-tech workers earned an average wage of $55,600 (23^rd ranked), or 49% more than the average private sector wage in 2000

• A high-tech payroll of $6 billion in 2000, ranked 19^th nationwide

• 6,200 high-tech establishments in 2000, ranked 15^th nationwide

• High-tech exports totaled $1.8 billion, ranked 22^nd nationwide

• High-tech exports represented 6% of Michigan’s exports

• An increase of $79 million in high-tech exports between 2000 and 2001

• Venture capital investments of $153 million, ranked 24^th nationwide

• Venture capital investments declined by 64% between 2000 and 2001, dropping by $275 million

• R&D expenditures of $19 billion in 1999, ranked 2^nd nationwide

• Home computer penetration reached 58%, ranked 24^th nationwide

• Home Internet access totaled 51%, ranked 24^th nationwide

• 10^th in software services employment with 39,100 jobs

Source: Cyberstates 2002
Data are for 2001 unless otherwise noted.
2000 data are the most current for wages, payroll, establishments, and industry segment jobs.

Published by the AeA, Advancing the Business of Technology (www.AeAnet.org)