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Contact: Taryn Lynds, 202.682.4443
Taryn_Lynds@aeanet.org


Contact: Dennis Sienko, 847.368.9490, dennis_sienko@aeanet.org

South Dakota Electronics Exports Rose In 2001

Rolling Meadows, IL, June 26, 2002—Electronics exports from South Dakota rose in 2001, increasing five percent to $210 million from $200 million in 2000. High-technology exports represented 35 percent of total exports from the state in 2001, according to Cyberstates 2002: A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA.

Despite the increase in exports, South Dakota’s high-technology industry lost 2,100 jobs in 2001, with tech employment totaling 12,300 jobs.

Cyberstates 2002 also shows that venture capital investments in South Dakota declined by 85 percent between 2000 and 2001, falling from $3.3 million to $0.5 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.

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 South Dakota?

  • 12,299 high-tech workers (45th ranked cyberstate)
  • 80 jobs added between 1995 and 2001, the lowest increase nationally
  • Lost 2,100 tech jobs in 2001, compared with tech job loss of 1,400 in 2000
  • High-tech firms employ 40 of every 1,000 private sector workers, ranked 25th nationwide
  • High-tech workers earned an average wage of $43,200 (44th ranked), or 78% more than the average private sector wage in 2000
  • A high-tech payroll of $621 million in 2000, ranked 45th nationwide
  • 500 high-tech establishments in 2000, ranked 49th nationwide
  • High-tech exports totaled $210 million, ranked 42nd nationwide
  • High-tech exports represented 35% of South Dakota’s exports
  • An increase of $10 million in high-tech exports between 2000 and 2001
  • Venture capital investments of $0.5 million, ranked 49th nationwide
  • Venture capital investments declined by 85% between 2000 and 2001, dropping by $2.8 million
  • R&D expenditures of $60 million in 1999, ranked 51st nationwide
  • Home computer penetration reached 56% ranked 31st nationwide
  • Home Internet access totaled 48%, ranked 32nd nationwide

 

South Dakota’s National Industry Segment Rankings:

  • 9th in computers and office equipment manufacturing with 7,500 jobs
  • 31st in electronic components and accessories manufacturing with 2,200 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)

 

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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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