New Hampshire’s Tech Industry Totals 35,100 Jobs
New Hampshire's High-Tech Exports Jump by $166 million in 2004

Woburn, MA, April 26, 2005 – High-tech industry employment in New Hampshire totaled 35,100 in 2003, the most recent year state data are available.  While New Hampshire's tech industry was hit hard by the technology slowdown, losing some 7 percent of the workforce or 2,700 jobs in 2003, there has been growth in high-tech exports, according to Cyberstates 2005:  A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA.

"New Hampshire's tech industry has weathered a heavy storm,” said Anne Doherty Johnson, AeA New England Council executive director.  "However, there are signs of clear skies ahead.  High-tech exports increased by $166 million in 2004.  This is especially important because high tech represents 47 percent of all exports from New Hampshire.  We need to continue our efforts to keep New Hampshire an attractive location for technology companies."

The report found that high-tech workers in New Hampshire are also well paid.  The average high-tech wage in the state was $69,100 in 2003, or 84 percent higher than the state’s average private sector wage.

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.  And, technology related venture capital investments were up for the first time in four years.

This eighth 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.  Visit www.aeanet.org to download the report, or call 800.284.4232 or 408.987.4200.

What Does High Tech Mean for New Hampshire?

·      35,100 high-tech workers (34^th ranked cyberstate)

·      2,700 jobs lost between 2002 and 2003

·      High-tech firms employed 67 of every 1,000 private sector workers in 2003, ranked 10^th nationwide

·      High-tech workers earned an average wage of $69,100, or 84% more than New Hampshire's average private sector wage (11^th ranked)

·      A high-tech payroll of $2.4 billion in 2003, ranked 29^th nationwide

·      2,600 high-tech establishments in 2003, ranked 32^nd nationwide

·      High-tech exports totaled $1.1 billion in 2004, ranked 30^th nationwide

·      High-tech exports represented 47% of New Hampshire's exports (6^th ranked)

·      Venture capital investments of $146 million in 2004, ranked 20^th

·      R&D expenditures of $1.4 billion in 2002, ranked 32^nd nationwide

New Hampshire’s National Industry Segment Rankings:

·      12^th in measuring and control instruments manufacturing employment with 7,100 jobs

·      15^th in electronic components manufacturing employment with 5,600 jobs

·      15^th in computer and peripheral equipment manufacturing with 3,000 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 as well as on specific states are available on AeA’s website.

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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 04/26/05.