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Oakbrook Terrace, IL (April 19, 2006) –
AeA, the nation’s largest trade association representing all segments of the
high-tech industry, today released its ninth annual Cyberstates
report. The report provides extensive data on national and state
trends in high-tech employment, wages, exports, and other key economic
factors. The report, Cyberstates 2006: A Complete
State-by-State Overview of the High-Technology Industry, covers all 50
states, the District of Columbia, and Puerto Rico.
Illinois' high-tech industry fell by 6,100 net jobs, for a total of 204,500
in 2004, the most current state data available. Some tech sectors in
Illinois continued to be hit hard by the technology downturn, such as the
research and development and testing labs, which lost 3,800 jobs in 2004.
Fortunately, other sectors experienced strong growth; the computer systems
design sector added 5,500 jobs.
A large portion of this job loss occurred in Illinois’s tech manufacturing
sectors, which lost 3,200 net jobs between 2003 and 2004. However,
Illinois remains strong in high-tech manufacturing, ranking 3rd nationwide
in measuring and control instruments employment and 4th in electronic
components employment.
"Illinois is home to many influential tech companies and has a critical mass
of highly-educated workers," said Marty Singer, Chairman & CEO, PCTEL, Inc.
"Outstanding universities also provide exceptional talent and support to the
high-tech industry. Despite an overall loss of tech jobs in 2004, the
future of Illinois' tech industry is bright. Venture capital
investments in Illinois increased by five percent, and tech exports jumped
by 12 percent in 2005.”
“Continued growth depends on maintaining a highly educated workforce,”
continued Singer. “We need dramatic improvements in the math and
science offered in our schools, and we need enlightened visa polices that
encourage the best and the brightest from around the world to work in the
Midwest."
Nationally, Cyberstates 2006 shows that the high-tech industry is
edging forward. High-tech employment added 61,100 net jobs for a total
of 5.6 million workers in 2005, the first increase in tech jobs in four
years. U.S. high-tech exports were also up by four percent for a
total of $199 billion in 2005.
The ninth 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.
Please visit
www.aeanet.org/cyberstates to download the report, or call 408.987.4200.
What Does High Tech Mean for Illinois?
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204,500 high-tech workers (7th
ranked Cyberstate)
-
6,100 jobs lost between 2003 and 2004
-
High-tech firms employed 42 of every 1,000
private sector workers in 2004, ranked 29th
nationwide
-
High-tech workers earned an average wage of
$70,500 (16th ranked), or 67 percent more than Illinois' average private
sector wage
-
A high-tech payroll of $14.4 billion in 2004,
ranked 8th
nationwide
-
15,000 high-tech establishments in 2004, ranked
5th
nationwide
-
High-tech exports totaled $6 billion in 2005,
ranked 8th
nationwide
-
High-tech exports represented 17 percent of
Illinois’ export
-
Venture capital investments of $235 million in
2005, up 5 percent from $223 million in 2004
-
R&D expenditures of $11 billion in 2003, ranked
8th
nationwide
Illinois’ National Industry Sector Rankings:
-
3rd in measuring and control
instruments manufacturing employment with 12,600 jobs
-
4th
in electronic components manufacturing employment with 11,700 jobs
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4th
in communications equipment manufacturing employment with 10,600 jobs
Data are for 2004 unless otherwise noted.
Source: Cyberstates 2006
2004 data are the most current for state employment, wages, payroll,
establishments, and industry segment jobs.
Data throughout this press release are rounded.
Published by AeA, Advancing the Business of Technology (www.aeanet.org) - # # # - About AeA
AeA, founded in 1943, is a nationwide 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 www.aeanet.org.
This page was last updated on
04/18/06.
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