New AeA Cyberstates 2005 Report

Full of Bright Spots for Texas High-Tech Industry
Texas leads nation in long-term tech export growth

“Compared to our last Cyberstates report, the changes for Texas are positive and significant. Our state is starting to rebound and poised to see growth once again,” said Clare Emerson, AeA Texas Council executive director. “On a global scale, the export numbers clearly illustrate that Texas is maintaining a strong competitive edge and not giving any ground.”

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. 

This eighth 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 Texas?

·      446,000 high-tech workers (2^nd ranked cyberstate)

·      32,900 jobs lost between 2002 and 2003

·      High-tech firms employed 59 of every 1,000 private sector workers in 2003, ranked 14^th nationwide

·      High-tech workers earned an average wage of $68,100 (14^th ranked), or 82% more than Texas' average private sector wage

·      A high-tech payroll of $30.4 billion in 2003, ranked 2^nd nationwide

·      21,400 high-tech establishments in 2003, ranked 2^nd nationwide

·      High-tech exports totaled $34.7 billion in 2004, ranked 2^nd nationwide

·      High-tech exports represented 30% of Texas’ exports

·      Venture capital investments of $1.1 billion in 2004, ranked 3^rd nationwide

·      R&D expenditures of $14.2 billion in 2002, ranked 4^th nationwide
 

Texas’ National Industry Segment Rankings:

·      2^nd in telecommunications services employment with 104,400 jobs
·      2^nd in engineering services employment with 74,100 jobs
·      2^nd in semiconductor manufacturing employment with 36,900 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 and specific states were released on US Newswire and are available on AeA’s website, www.aeanet.org

- ## -

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 04/27/05.