AeA Report: Ohio's Tech Industry Employment Totals 158,800; High-Tech Exports from Ohio Rise by 23 Percent.OAKBROOK TERRACE, Ill. -- Ohio'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 employment fell by 9,900 from 168,600 in 2002 to 158,800 in 2003, the most recent available state data. While Ohio was hit hard by the technology downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. , high-tech job losses slowed in 2003 compared to 2002, 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. The largest job losses occurred in Ohio's communications equipment manufacturing sector, which lost 2,400 jobs between 2002 and 2003. Ohio exported $2.8 billion in high-tech goods in 2004, an increase of $529 million or 23 percent. "Ohio's high-tech industry experienced some turbulent times after the tech downturn," said David S. Gutridge, Chief Executive Officer, MTC mtc - A Modula-2 to C translator. ftp://rusmv1.rus.uni-stuttgart.de/soft/Unixtools/compilerbau/mtc.tar.Z. Technologies, Inc. headquartered in Dayton Dayton, city (1990 pop. 182,044), seat of Montgomery co., SW Ohio, on the Great Miami River where it is joined by the Stillwater River; inc. 1805. It is the trade center for a fertile farm area, but is best known for its involvement with industry, invention, and , OH. "But our cause for optimism is high. Tech exports rose significantly in 2004 and, overall, the pace of job loss in high tech is slowing in Ohio." 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 Ohio? --158,800 high-tech workers (13th ranked cyberstate) --9,900 jobs lost between 2002 and 2003 --High-tech firms employed 35 of every 1,000 private sector workers in 2003, ranked 36th nationwide --High-tech workers earned an average wage of $55,900 (30th ranked), or 62% more than Ohio's average private sector wage --A high-tech payroll of $8.9 billion in 2003, ranked 15th nationwide --10,900 high-tech establishments in 2003, ranked 11th nationwide --High-tech exports totaled $2.8 billion in 2004, ranked 16th nationwide --High-tech exports represented 9% of Ohio's exports --Venture capital investments of $71 million in 2004 --R&D expenditures of $8.3 billion in 2002, ranked 11th nationwide Ohio's National Industry Segment Rankings: --4th 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 1,700 jobs --8th in measuring and control instruments manufacturing employment with 9,000 jobs --9th in electromedical equipment manufacturing employment with 2,200 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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