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Contact: Dennis Sienko, 847.368.9490, dennis_sienko@aeanet.org Ohio Added 1,000 High-Tech Jobs in 2001 State ranks third in industrial electronics manufacturing Rolling Meadows, IL, June 26, 2002 — Ohio’s high-technology industry added 1,000 jobs in 2001, with tech employment reaching 151,300 jobs, 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 Ohio plummeted by 72 percent between 2000 and 2001, dropping from $844 million to $237 million. Nationally, all but four states experienced a decline in venture capital expenditures in 2001. Electronics exports from Ohio also declined in 2001, falling 10 percent to $2.2 billion from $2.5 billion in 2000. Ohio’s high-tech industry exports represent eight percent of total exports from the state in 2001. "The technology industry still plays an important role in Ohio's economy, employing 151,300 people," said Joseph P. Keithley, Chairman of the Board, President and Chief Executive Officer – Keithley Instruments. "Indeed, Ohio is the 12th ranked cyberstate by technology jobs." 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 Ohio?
Ohio’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 06/25/02. |
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