Indiana’s High-Tech Industry Totals 67,700 Jobs
Indiana's Tech Exports Increase by Nearly $200 million in 2004

Oakbrook Terrace, IL, April 26, 2005 – High-tech industry employment in Indiana totaled 67,700 in 2003, the most recent available state data.  While Indiana's tech industry was hit hard by the technology slowdown, losing some 3,200 jobs in 2003, both venture capital investments and high-tech exports increased in 2004, according to Cyberstates 2005:  A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA.

"We are directly benefiting from the rebounding of the technology industry,” said Dr. Donald Brown, President and CEO of Indianapolis-based Interactive Intelligence, Inc. ”We experienced a significant increase in our contracts in overseas markets in 2004 and are optimistic about further growth in 2005” he added.

The report found that venture capital investment in Indiana increased by $41 million in 2004 and high-tech exports increased by nearly $200 million.  Indiana needs to continue focusing on those factors that support the tech community, primarily the education of its workforce. Included in the reports’ findings are that high-tech workers in Indiana also were well paid.  The average high-tech wage in the state was $50,900 in 2003, or 52 percent higher than the state’s average private sector wage.

Nationally, Cyberstates 2005 shows that the high-tech industry is slowly turning the corner.  High-tech employment was down by only 25,000 jobs out of 5.6 million workers in 2004.  U.S. high-tech exports were up by 12 percent for a total of $191 billion in 2004.  And, technology related venture capital investments were up for the first time in four years.

This eighth annual edition of Cyberstates provides a comprehensive review of the high-tech industry nationally and state-by-state by high-tech employment, wages, payroll, establishments, and trade.  Cyberstates also offers data on venture capital investments and R&D expenditures.

AeA members can purchase the report for $95; non-members for $190.  Visit www.aeanet.org to download the report, or call 800.284.4232 or 408.987.4200.

What Does High Tech Mean for Indiana?

·      67,700 high-tech workers (24^th ranked cyberstate)

·      3,200 jobs lost between 2002 and 2003

·      High-tech firms employed 28 of every 1,000 private sector workers in 2003, ranked 48^th nationwide

·      High-tech workers earned an average wage of $50,900 (38^th ranked), or 52% more than Indiana's average private sector wage

·      A high-tech payroll of $3.4 billion in 2003, ranked 24^th nationwide

·      4,800 high-tech establishments in 2003, ranked 21^st nationwide

·      High-tech exports totaled $2.1 billion in 2004, ranked 21^st nationwide

·      High-tech exports represented 11% of Indiana's exports

·      Venture capital investments of $66 million in 2004, ranked 26^th nationwide

·      Venture capital investments increased by $41 million in 2004, ranked 11^th nationwide

·      R&D expenditures of $4.3 billion in 2002, ranked 18^th nationwide

Indiana’s National Industry Segment Rankings:

·      6^th in consumer electronics manufacturing with 2,200 jobs

·      10^th in electronic components manufacturing with 6,600 jobs

·      13^th in communications equipment manufacturing with 3,200 jobs

Source:  Cyberstates 2005

Data are for 2003 unless otherwise noted.

2003 data are the most current for state employment, wages, payroll, establishments, and industry segment jobs.

Published by AeA, Advancing the Business of Technology

NOTE TO EDITORS: Press releases focusing on U.S. high-tech trade as well as on specific states are available on AeA’s website.

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About AeA
AeA, founded in 1943, is a nationwide non-profit trade association that represents all segments of the technology industry and is dedicated solely to helping our members’ top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs.  For more information, please visit http://www.aeanet.org.

This page was last updated on 04/26/05.