Indiana's Tech Industry Adds 500 Jobs
Indiana's Tech Exports and Venture Capital Investments Up 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.

Indiana's high-tech industry added 500 net jobs, for a total of 68,200 in 2004, the most current state data available.  Indiana was one of only 25 Cyberstates to see an increase in tech employment in 2004.  These tech jobs are good for Indiana's economy as they pay on average 57 percent more than the average private sector wage.

"Things are looking up for the Hoosier State,” said Ed Longanecker, Executive Director, AeA Midwest Council.  "All signs point to further growth.  Venture capital investments jumped by 42 percent in 2005 and exports rose by $183 million."

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.

The 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 Indiana?

• 68,200 high-tech workers (23^rd ranked cyberstate)
   

• 500 jobs gained between 2003 and 2004
   

• High-tech firms employed 28 of every 1,000 private sector workers in 2004, ranked 46^th nationwide
   

• High-tech workers earned an average wage of $54,400 (38^th ranked), or 57% more than Indiana's average private sector wage
   

• A high-tech payroll of $3.7 billion in 2004, ranked 24^th nationwide
   

• 4,900 high-tech establishments in 2004, ranked 20^th nationwide
   

• High-tech exports totaled $2.3 billion in 2005, ranked 21^st nationwide
   

• High-tech exports represented 10 percent of Indiana’s exports
   

• Venture capital investments of $96 million in 2005, up 42 percent from $68 million in 2004
   

• R&D expenditures of $4.5 billion in 2003, ranked 19^th nationwide

Indiana’s National Industry Sector Rankings:

• 7^th in photonics manufacturing employment with 1,000 job
   

• 14^th in measuring and control instruments manufacturing employment with 6,000 job
   

• 22^nd in telecommunications services employment with 15,400 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)

- # # # -

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 04/18/06.            
Copyright © 2006 American Electronics Association.   All rights reserved.