New Hampshire Tech Industry Adds 700 Jobs
Venture Capital Investment in New Hampshire More Than Doubles in 2007

Woburn, MA (April 2, 2008) – AeA, the nation’s largest technology trade association representing all segments of the high-tech industry, today released its 11th annual Cyberstates report detailing national and state trends in high-tech employment, wages, and other key economic factors. The report, Cyberstates 2008: A Complete State-by-State Overview of the High-Technology Industry, covers all 50 states, the District of Columbia, and Puerto Rico.

New Hampshire's high-tech industry added 700 jobs for an industry total of 38,200 in 2006, the most current state data available. New Hampshire is the 8th ranked cyberstate by employment concentration – 7.1 percent of all private sector workers are employed in the tech industry. And these jobs are well paid. New Hampshire tech workers earn an average wage of $79,100 – 84 percent higher than the state’s average private sector wage.

New Hampshire saw sector growth in engineering services, the computer design and related services, and photonics manufacturing. Each added 300 net jobs. New Hampshire ranked 5th nationwide in photonics manufacturing, with 1,500 total workers in 2006. The sector with the largest losses was computer and peripheral equipment manufacturing, which lost 400 jobs in 2006.

Venture capital investments in New Hampshire more than doubled to $163 million in 2007, up from $80 million in 2006, ranking the state 21st nationwide.

"Despite the modest growth rate for 2006, New Hampshire’s tech industry remains vital to the Granite State’s overall economy,” said Anne Doherty Johnson, AeA New England Executive Director. "Most tech sectors – in both manufacturing and services – are growing. Additionally, venture capital investments into New Hampshire more than doubled last year, often a leading indicator of future growth.”

“But to ensure continued growth,” continued Doherty Johnson “we need to encourage our leaders in Concord and in Washington, DC to improve the math and science curricula in our elementary and high schools and to bolster funding for long-term research at our universities to prepare our children for high paying, 21st century technology jobs.”

Nationally, Cyberstates 2008 shows that the high-tech industry added jobs for the third consecutive year. Tech industry employment totaled 5.9 million, after adding 91,400 jobs in
2007. This is on top of job gains of 139,000 in 2006 and 87,400 in 2005.

This 11th edition of Cyberstates provides a comprehensive review of the high-tech industry nationally and state-by-state in terms of high-tech employment, wages, payroll, and establishments. Cyberstates also offers data on venture capital investments and R&D expenditures.

Two other major AeA cyber reports are forthcoming that analyze the U.S. high-tech industry: Cybercities 2008: An Overview of the High-Technology Industry in the Nation’s Top 60 Cities, and Trade in the Cyberstates 2008: A State-by-State Overview of High-Tech International Trade.

AeA members can purchase Cyberstates 2008 for $125; non-members for $250. Visit www.aeanet.org/cyberstates  to download the report, or call 408.987.4200. 

What Does High Tech Mean for New Hampshire?

• 38,200 high-tech workers in 2006 (34th ranked cyberstate)
   

• 700 jobs added between 2005 and 2006
   

• High-tech firms employed 71 of every 1,000 private sector workers in 2006, ranked 8th nationwide
   

• High-tech workers earned an average wage of $79,100 (12th ranked), or 84 percent more than New Hampshire's average private sector wage
   

• A high-tech payroll of $3.0 billion in 2006, ranked 30th nationwide
   

• 2,800 high-tech establishments in 2006, ranked 34th nationwide
   

• Venture capital investments of $163 million in 2007, up 103 percent from $80 million in 2006, ranked 21st nationwide
   

• R&D expenditures of $1.7 billion in 2004, ranked 30th nationwide

New Hampshire's National Industry Sector Rankings:

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

• 8th in measuring and control instruments manufacturing employment with 7,900 jobs
   

• 13th in electronic components manufacturing employment with 5,700 jobs

Source: Cyberstates 2008

Data are for 2006 unless otherwise noted.

2006 state data are the most current available for employment, wages, payroll, establishments, and industry sector jobs.

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

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About AeA

AeA, the nation’s largest technology trade association, representing all segments of the high-tech industry, 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 03/31/08.             
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