Ohio’s Tech Industry Employment Totals 158,800
High-Tech Exports from Ohio Rise by 23 Percent

Oakbrook Terrace, IL, April 26, 2005 — Ohio's high-tech industry employment fell by 9,900 from 168,600 in 2002 to 158,800 in 2003, the most recent available state data.  While Ohio was hit hard by the technology downturn, high-tech job losses slowed in 2003 compared to 2002, according to Cyberstates 2005:  A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA.

The largest job losses occurred in Ohio’s communications equipment manufacturing sector, which lost 2,400 jobs between 2002 and 2003.  Ohio exported $2.8 billion in high-tech goods in 2004, an increase of $529 million or 23 percent. 

"Ohio’s high-tech industry experienced some turbulent times after the tech downturn,” said David S. Gutridge, Chief Executive Officer, MTC Technologies, Inc. headquartered in Dayton, OH.  "But our cause for optimism is high.  Tech exports rose significantly in 2004 and, overall, the pace of job loss in high tech is slowing in Ohio."

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 Ohio?

·      158,800 high-tech workers (13^th ranked cyberstate)

·      9,900 jobs lost between 2002 and 2003

·      High-tech firms employed 35 of every 1,000 private sector workers in 2003, ranked 36^th nationwide

·      High-tech workers earned an average wage of $55,900 (30^th ranked), or 62% more than Ohio's average private sector wage

·      A high-tech payroll of $8.9 billion in 2003, ranked 15^th nationwide

·      10,900 high-tech establishments in 2003, ranked 11^th nationwide

·      High-tech exports totaled $2.8 billion in 2004, ranked 16^th nationwide

·      High-tech exports represented 9% of Ohio’s exports

·      Venture capital investments of $71 million in 2004

·      R&D expenditures of $8.3 billion in 2002, ranked 11^th nationwide

Ohio’s National Industry Segment Rankings:

·      4^th in photonics manufacturing employment with 1,700 jobs

·      8^th in measuring and control instruments manufacturing employment with 9,000 jobs

·      9^th in electromedical equipment manufacturing employment with 2,200 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.

- ## -

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 04/27/05.