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Washington, DC (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.
Virginia's high-tech industry employment grew by 9,100 net jobs, to 253,300
in 2004, the most current state data available. A significant part of
this job growth occurred in Virginia’s largest technology sector, computer
systems design and related services, which gained 6,600 jobs between 2003
and 2004. Virginia ranked 2nd by computer systems design and related
services employment nationwide.
Virginia ranked second in the country in terms of high-tech concentration of
jobs with 88.6 of every 1,000 private sector employees working in the tech
industry, only slightly behind Colorado at 88.7.
"The high-tech industry is booming in Virginia,” said Gregory Poersch,
Executive Director of the AeA Potomac Council. "Tech jobs, wages, and
exports are all on the rise. Venture capital investments jumped by 38
percent in 2005. If these trends continue, next year Virginia will
become the state with the highest concentration of tech workers in the
nation."
Tim Kaine, Governor of the Commonwealth of
Virginia said, "We are proud of Virginia's track record of extending high
technology job growth across the Commonwealth, especially in our rural
communities."
Virginia’s rapid tech job growth is positive for the state’s economy, as
tech industry jobs in Virginia pay nearly twice as much as the average
private sector wage.
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 Virginia?
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253,300 high-tech workers (5th
ranked cyberstate)
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9,100 jobs gained between 2003 and 2004
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High-tech firms employed 89 of every 1,000
private sector workers in 2004, ranked 2nd nationwide
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High-tech workers earned an average wage of
$79,100 (6th ranked), or 97 percent more than Virginia's
average private sector wage
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A high-tech payroll of $20.0 billion in 2004,
ranked 5th nationwide
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13,200 high-tech establishments in 2004, ranked
7th nationwide
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High-tech exports totaled $1.9 billion in 2005,
ranked 24th nationwide
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High-tech exports represented 16 percent of
Virginia’s exports
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Venture capital investments of $408 million in
2005, up 38 percent from $295 million in 2004
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R&D expenditures of $7.6 billion in 2003, ranked
12th nationwide
Virginia’s National Industry Sector Rankings:
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2nd in computer systems design and
related services employment with 104,800 jobs
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5th in Internet services employment
with 23,400 jobs
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9th in telecommunications services
employment with 35,700 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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