Ohio's Tech Industry Totals 151,200
Ohio's Venture Capital Investments More Than Double in 2005

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 detailing 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.

Ohio's high-tech industry lost 7,500 net jobs, for a total of 151,200 in 2004, the most current state data available.  Part of the downturn occurred in the telecommunications services sector, which lost 2,700 jobs between 2003 and 2004, following national trends.

Venture capital investments soared in Ohio in 2005, growing by $63 million for a total of $120 million.

"The recent surge in venture capital investments in Ohio is a strong indicator that Ohio’s tech industry could be turning a corner,” said David S. Gutridge, Chief Executive Officer of Dayton, Ohio based MTC Technologies, Inc.  (NASDAQ: “MTCT”).  "With investors seeing a bright potential for creating innovative start-ups in the Buckeye State, we hope to see the growth of high paying tech jobs.  In Ohio these jobs pay 64 percent more than the average private sector wage.  These high wages and good jobs are built on a foundation of math and science.  Ohio’s parents, teachers, community leaders, and industry executives need to be doing all they can to make sure our kids are prepared for the future."

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.

This 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 Ohio?

• 151,200 high-tech workers (15^th ranked cyberstate)
   

• 7,500 jobs lost between 2003 and 2004 High-tech firms employed 33 of every 1,000 private sector workers in 2004, ranked 36th nationwide
   

• High-tech workers earned an average wage of $58,800 (31^st ranked), or 64 percent more than Ohio's average private sector wage
   

• A high-tech payroll of $8.9 billion in 2004, ranked 16^th nationwide
   

• 10,200 high-tech establishments in 2004, ranked 12^th nationwide
   

• High-tech exports totaled $2.7 billion in 2005, ranked 19th nationwide
   

• High-tech exports represented 8 percent of Ohio’s exports
   

• Venture capital investments of $120 million in 2005, up 108 percent from $58 million in 2004
   

• R&D expenditures of $8.6 billion in 2003, ranked 11^th nationwide

Ohio’s National Industry Sector Rankings:

• 5^th in photonics manufacturing employment with 1,500 jobs
   

• 9^th in measuring and control instruments manufacturing employment with 8,600 jobs
   

• 11^th in telecommunications services employment with 30,800 jobs

Source: Cyberstates 2006

Data are for 2004 unless otherwise noted.

2004 data are the most current for state employment, wages, payroll, establishments, and industry segment jobs.

Published by AeA, Advancing the Business of Technology (www.aeanet.org)

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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.            

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