Woburn, MA, June 26, 2002—New Hampshire’s high-technology industry grew by an anemic one and one-half percent last year, with tech jobs reaching 46,106. New Hampshire's tech industry added 690 tech jobs in 2001, compared to 3,100 added in 2000, 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, high-tech exports from New Hampshire dropped slightly in 2001, decreasing 9 percent to $1.2 billion from $1.3 billion in 2000. This decrease was below the national decline of 15 percent. New Hampshire’s high-tech industry exports represented 49 percent of total exports from the state in 2001.

Cyberstates 2002 also shows that venture capital investments in New Hampshire dropped by 65 percent between 2000 and 2001, dropping from $720 million to $250 million.

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.

• 10,000 jobs added between 1995 and 2001, ranked 27^th nationwide

• Added 690 tech jobs in 2001, compared with tech job growth of 3,100 in 2000

• High-tech firms employ 86 of every 1,000 private sector workers, ranked 3^rd nationwide

• High-tech workers earned an average wage of $66,400 (14^th ranked), or 88% more than the average private sector wage in 2000

• A high-tech payroll of $3 billion in 2000, ranked 24^th nationwide

• 2,300 high-tech establishments in 2000, ranked 28^th nationwide

• High-tech exports totaled $1.2 billion, ranked 28^th nationwide

• High-tech exports represented 49% of New Hampshire’s exports

• A decrease of $112 million in high-tech exports between 2000 and 2001

• Venture capital investments of $250 million, ranked 20^th nationwide

• Venture capital investments declined by 65% between 2000 and 2001, dropping by $470 million

• R&D expenditures of $1.3 billion in 1999, ranked 33^rd nationwide

• Home computer penetration reached 68%, ranked 3^rd nationwide

• Home Internet access totaled 62%, ranked 2^nd nationwide

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