AeA Report: New York is the Nation's Third Largest Cyberstate, Employing Over 300,000; High-Tech Exports from New York Rise 13 percent in 2004.ALBANY, N.Y. -- New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of remains the nation's third largest cyberstate despite shedding 23,800 jobs from 329,200 in 2002 to 305,300 in 2003, the most recent year state data are available. While this is the third annual decline in tech employment in New York, the losses are slowing, 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. California and Texas, the nation's largest cyberstates, lost 67,800 and 32,900 jobs, respectively. Additionally, the report found that both high-tech exports and venture capital investments in New York rose in 2004. High-tech exports increased from $7.4 billion in 2003 to $8.3 billion in 2004, a 13 percent increase. Total venture capital investments in New York increased by 6 percent, from $681 million in 2003 to $721 million in 2004. "The employment numbers continue to be distressing," said Michael Hickey, CFO See Chief Financial Officer. , MapInfo Corporation. "But we believe that the tech industry is rebounding and remains crucial to New York's economy. The strong commitment to New York's high-tech industry by Governor George Pataki George Elmer Pataki (born June 24, 1945) is an American politician who was the 57th Governor of New York serving from January 1995 until January 1, 2007. He is a member of the Republican Party and was seen as a possible 2000 and 2008 Presidential candidate. , Senate Majority Leader Joe Bruno, and Assembly Speaker Sheldon Silver Sheldon Silver (born February 13, 1944) is a politician and member of the Democratic Party, currently serving as Speaker of New York State Assembly. Personal life An Orthodox Jew of eastern European descent, Silver has lived all his life on Manhattan's Lower East Side. is evidenced by the significant investments into the states research and development capabilities. These investments will help insure Insure can mean:
Justin Wright, Executive Director, AeA New York Council said, "The fact that venture capital and high-tech exports both increased significantly in 2004 coupled with recently announced investments totaling 2.7 billion by ASML ASML Abstract State Machine Language ASML Anisotropic Shielded Microstrip Line , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Samsung, SONY, Toshiba, and others in the state are encouraging signs for New York's tech industry." 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. 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 New York? --305,300 high-tech workers (3rd ranked cyberstate) --23,800 jobs lost between 2002 and 2003 --High-tech firms employed 45 of every 1,000 private sector workers in 2003, ranked 25th nationwide --High-tech workers earned an average wage of $70,200 (11th ranked), or 47% more than New York's average private sector wage --A high-tech payroll of $21.4 billion in 2003, ranked 3rd nationwide --18,500 high-tech establishments in 2003, ranked 4th nationwide --High-tech exports totaled $8.3 billion in 2004, ranked 5th nationwide --High-tech exports represented 19% of New York's exports --Venture capital investments of $721 million in 2004, up 6% from $681 million in 2003 --R&D expenditures of $13.4 billion in 2002, ranked 5th nationwide New York's National Industry Segment Rankings: --1st in photonics photonics, the science and technology based on and concerned with the controlled flow of photons, or light particles. It is the optical equivalent of electronics, and the two technologies coexist in such innovations as optoelectronic integrated circuits. manufacturing employment with 9,600 jobs --2nd in defense electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. employment with 10,700 jobs --3rd in R&D and testing labs employment with 40,400 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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