AeA Report: California's Tech Industry Slowly Rebounding; California's High-Tech Exports Increase by $6.7 Billion in 2004.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- California's high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. industry seems to be slowly improving. While high-tech employment fell by 67,800 in 2003, this is significantly fewer than the 134,400 jobs lost in 2002. State employment data for 2003 are the most recent available. Yet, 2004 export and venture capital investments data show that the technology industry is improving in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cyberstates 2005: A State-by-State Overview of the High-Technology Industry, a new analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. report released today by AeA. In fact, high-tech exports from California increased by $6.7 billion in 2004 to $48.3 billion from $41.5 billion in 2003. This represented a 16 percent increase for California compared to a 12 percent increase for the nation as a whole. This is especially important because 44 percent of all exports from California were concentrated in the high-tech industry. "Venture capital investments in California are up by over $1 billion in 2004, a strong sign that things are turning positive for California," said Matthew Matthew one of the twelve disciples. [N.T.: Matthew] See : Evangelism Kazmierczak Kazmierczak is a surname originating in Poland, meaning "son of Kazimierz," a popular first name in that country. Kazmierczak may refer to:
v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. ." Although California lost jobs in 2003, the average annual wage for employees in the technology industry increased from $80,800 in 2002 to $84,400 in 2003, adjusted for inflation. These workers were well compensated for their knowledge and skills, earning twice as much as the average private sector worker in California. 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 See .org. (networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations. RFC 1591. to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. the report, or call 800.284.4232 or 408.987.4200. AeA is the nation's largest high-tech trade association. Founded in 1943, AeA utilizes an extensive international network of offices to serve its members through advocacy, training, research, and business services. www.aeanet.org What Does High Tech Mean for California? --915,500 high-tech workers (1st ranked cyberstate) --67,800 jobs lost between 2002 and 2003 --High-tech firms employed 74 of every 1,000 private sector workers in 2003, ranked 7th nationwide --High-tech workers earned an average wage of $84,400 (2nd ranked), or 102% more than California's average private sector wage --A high-tech payroll of $77 billion in 2003, ranked 1st nationwide --43,600 high-tech establishments in 2003, ranked 1st nationwide --High-tech exports totaled $48 billion in 2004 (1st ranked), up by $6.7 billion --High-tech exports represented 44% of California's exports --Venture capital investments of $9.3 billion in 2004, up by $1.1 billion from 2003 --R&D expenditures of $51 billion in 2002, ranked 1st nationwide California's National Industry Segment Rankings: --California leads the nation in 15 of 16 high-tech industry segments --1st in computer systems design and related services employment with 166,000 jobs --1st in telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. employment with 121,100 jobs --1st in R&D and testing labs employment with 106,900 jobs --1st in engineering services employment with 92,500 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 (www.aeanet.org) |
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