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Broomfield, CO (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.
Utah's high-tech industry employment added 800 net jobs, for a total of
49,300 in 2004, the most current state data available. Utah ranked
13th in software publishers employment with 4,700 jobs. Utah also saw
its venture capital investments jump by 23 percent in 2005, to $248 million.
"Both the recent job growth and the surge in venture capital investments are
strong signs that the tech industry is strengthening in Utah,” said Jessica
Wright, Executive Director, AeA Mountain States Council. "Utah’s
strong work ethic and high level of education make it an attractive location
for technology companies to develop new products and techniques."
Additionally, Utah exported $1 billion in high-tech goods in 2005,
accounting for roughly 16 percent of Utah’s exports.
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 Utah?
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49,300 high-tech workers (27th ranked cyberstate)
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800 jobs gained between 2003 and 2004
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High-tech firms employed 56 of every 1,000 private sector workers in 2004,
ranked 17th nationwide
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High-tech workers earned an average wage of $55,800 (36th
ranked), or 77 percent more than Utah's average private sector wage
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A high-tech payroll of $2.8 billion in 2004, ranked 27th
nationwide
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3,600 high-tech establishments in 2004, ranked 26th nationwide
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High-tech exports totaled $990 million in 2005, ranked 32nd nationwide
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High-tech exports represented 16 percent of Utah’s exports
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Venture capital investments of $248 million in 2005, up 23 percent from
$202 million in 2004
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R&D expenditures of $1.5 billion in 2003, ranked 33rd
nationwide
Utah’s National Industry Sector Rankings:
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12th in electromedical equipment manufacturing employment with
1,500 jobs
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13th in Internet services employment with 4,700 jobs
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17th in communications equipment manufacturing employment with
2,600 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.
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
04/19/06.
Copyright © 2006 American Electronics Association. All rights reserved. |
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