Indiana’s Tech Industry Adds 1,700 Jobs
Services Sectors Drive Job Growth; Venture Capital in Indiana Up in 2007

Oakbrook Terrace, IL (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.

Indiana's high-tech industry added 1,700 net jobs in 2006, the most current state data available. Indiana remained the 23rd largest cyberstate employing 70,200 with a total payroll of $4.0 billion. The largest employment gains came from the computer systems design and related services sector (+900 jobs) and the engineering services sector (+500 jobs).

Venture capital investments in Indiana rose by 17 percent for a total of $83 million in 2007, up from $70 million in 2006. Indiana ranks 29th nationwide by this metric.

“The high-tech industry is vital to Indiana’s economy," said Interactive Intelligence CEO, Dr. Donald E. Brown. “Two of our largest services sectors are growing fast. Tech industry jobs are a boon for the entire economy and the state’s tax base as they pay extremely well – 57 percent more than the state’s average private sector wage. To promote long-term job growth in Indiana’s technology industry, we need to invest in the skills of our workforce and remain focused on the math and science education of our children.”

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 Indiana?

• 70,200 high-tech workers in 2006 (23rd ranked cyberstate)
   

• 1,700 jobs added between 2005 and 2006
   

• High-tech firms employed 28 of every 1,000 private sector workers in 2006, ranked 47th nationwide
   

• High-tech workers earned an average wage of $57,600 (39th ranked), or 57 percent more than Indiana's average private sector wage
   

• A high-tech payroll of $4.0 billion in 2006, ranked 24th nationwide
   

• 5,400 high-tech establishments in 2006, ranked 20th nationwide
   

• Venture capital investments of $83 million in 2007, up 17 percent from $70 million in 2006, ranked 29th nationwide
   

• R&D expenditures of $5.1 billion in 2004, ranked 18th nationwide

Indiana’s National Industry Sector Rankings:

• 6th in photonics manufacturing employment with 1,200 jobs
   

• 14th in defense electronics manufacturing employment with 1,900 jobs
   

• 11th in communications equipment manufacturing employment with 4,200 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)

- # # # -

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 04/02/08.            
Copyright © 2008 American Electronics Association.   All rights reserved.