Minnesota Is the 7th Largest Tech Exporter in the Nation and Largest in the
Entire Midwest
MINNEAPOLIS, April 19 /PRNewswire/ -- AeA, the nation's largest trade
association representing all segments of the high-tech industry, and the
Minnesota High Tech Association (MHTA) today released the 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.
Minnesota's high-tech industry added a net 400 jobs, for a total of
125,200 in 2004, the most current state data available. Growth has been
strong in many of Minnesota's key industry sectors. The electromedical
equipment manufacturing sector, the second largest in the nation, picked up
600 jobs in 2004. The computer systems design sector added 900 jobs. These
gains offset a decline in telecommunications services jobs.
"The tech industry remains a strong contributor to Minnesota's
economy," said Kate Rubin, MHTA president. "Workers in the state's tech
industry earned an average wage of $67,300 or 66 percent more than the
average private sector wage. International trade has been a growth engine,
which is critical for keeping Minnesota businesses globally competitive.
Minnesota's tech exports grew by nearly $1 billion in 2005, the second
largest increase in the country. The state exported $6.1 billion in
technology products, the 7th largest tech exporter in the nation and the
largest in the entire Midwest. Tech and trade mean high salaries and good
jobs."
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 http://www.aeanet.org/cyberstates to download the report, or
call 408.987.4200.
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
http://www.aeanet.org .
About the Minnesota High Tech Association
MHTA accelerates the growth, success and global competitiveness of
Minnesota's technology-based economy. MHTA is the only membership
organization that represents Minnesota's entire technology-based economy.
MHTA members include organizations of every size -- involved in virtually
every aspect of technology creation, production, application and education
in Minnesota. MHTA works in partnership with AeA, which represents
Minnesota's technology organizations nationally. More information on the
MHTA can be found at http://www.mhta.org .
SOURCE Minnesota High Tech Association
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Related links:
http://www.mhta.org
http://www.aeanet.org http://www.aeanet.org/cyberstates
http://www.prnewswire.com/comp/144694.html/
CONTACT:
Peter Lindstrom of Minnesota High Tech
Association, +1-952-230-4555, or plindstrom@mhta.org
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