Pennsylvania's Tech Industry Employment Totals 203,800
Pennsylvania's High-Tech Exports Increase by 10 Percent

Clark, NJ, April 26, 2005 – Pennsylvania's high-tech industry employment fell by 14,800 from 218,600 in 2002 to 203,800 in 2003, the most recent available state data.  While Pennsylvania was hit hard by the tech downturn, high-tech job losses slowed in 2003 and tech exports were up in 2004, according to Cyberstates 2005:  A State-by-State Overview of the High-Technology Industry, a new analytical report released today by AeA.

High-tech exports from Pennsylvania increased by 10 percent in 2004, from $2.6 billion to $2.9 billion.  High-tech products accounted for 16 percent of all Pennsylvania exports. 

"The data for Pennsylvania show that our high-tech industry is turning the corner after suffering through the bursting of the tech bubble,” said Thomas G. Werthan, Chief Financial Officer, EMCORE Corporation and Chairperson for the Executive Committee of the New Jersey-Pennsylvania Council of AeA.  "High-tech exports in 2004 are up for the first time in four years, and jobs remain attractive with average annual wages that are 73 percent more than Pennsylvania's average worker."

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 Pennsylvania?

·      203,800 high-tech workers (8^th ranked cyberstate)

·      14,800 jobs lost between 2002 and 2003

·      High-tech firms employed 43 of every 1,000 private sector workers in 2003, ranked 29^th nationwide

·      High-tech workers earned an average wage of $63,100 (20^th ranked), or 73% more than Pennsylvania's average private sector wage

·      A high-tech payroll of $12.9 billion in 2003, ranked 10^th nationwide

·      12,600 high-tech establishments in 2003, ranked 8^th nationwide

·      High-tech exports totaled $2.9 billion in 2004, ranked 15^th nationwide

·      High-tech exports represented 16% of Pennsylvania’s exports

·      Venture capital investments of $526 million in 2004, down 5% from $556 million in 2003

·      R&D expenditures of $9.8 billion in 2002, ranked 9^th nationwide

Pennsylvania’s National Industry Segment Rankings:

·      4^th in consumer electronics manufacturing employment with 2,700 jobs

·      5^th in electronic components manufacturing employment with 11,200 jobs

·      6^th in engineering services employment with 31,100 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.

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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 04/26/05.