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HIGH-TECH MANUFACTURING CONTINUES TO OUTPERFORM DURABLE GOODS; CORPTECH SURVEY REVEALS STRENGTH AMONG CALIFORNIA'S HIGH-TECH COMPANIES

 WOBURN, Mass., May 20 /PRNewswire/ -- Jobs. Jobs. Jobs. But not in durable goods manufacturing, which continues to suffer a series of bumps and bruises before rising to its feet. If you're looking for the silver lining in today's cloudy California economy, check out the companies in the pharmaceuticals and high-tech manufacturing equipment industries, according to a survey by Woburn, Mass.-based CorpTech, the nations leading publisher of high-tech directories for the United States.
 With completion of the just-published Greater Los Angeles Technology Resource Guide, CorpTech researchers contacted 220 of California's 2,398 high-technology manufacturing firms listed in the directory. "Over 28 percent of the surveyed companies -- each with fewer than 1,000 employees -- expanded their work force during the past year by an average of 24 percent, creating thousands of new jobs," said Andrew Campbell, president of CorpTech. "Of greater significance, the California emerging technology manufacturers in all the high-tech industries covered by CorpTech are projecting more than 7 percent average employment growth in the next year. And that doesn't include the companies that are just now being launched," explained Campbell.
 "More than 10 percent of America's 23,811 small and mid-sized high- tech companies are based in California," Campbell added. These companies employ in excess of 330,000 workers. With the exception of chemicals manufacturing firms, advanced material manufacturing firms and energy related firms, all of the companies CorpTech surveyed responded optimistically about the future of the high-tech industry. The computer software industry is still one of the hottest growth sectors in California. CorpTech surveyed 46 of the 339 computer software manufacturers profiled in the directory with fewer than 1,000 employees. Despite the recession, respondents reported that employment increased 4.2 percent to nearly 13,000 workers today with projected growth for 1994 estimated at 12.5 percent.
 According to Campbell, President Clinton's proposed 17 billion dollar high-tech package of tax credits, with financial incentives and policy directives aimed at spurring high-tech growth in start-up companies, will have a direct impact on California's high-tech industries. "If enacted, these programs could remove much of the uncertainty for high-tech investment tax benefits for equipment and other productivity technology," reflects Campbell. "With $500 million being spent to move government funded technologies to commercial enterprises, this should be a good year for high-tech."
 The CorpTech survey forecasts that 1994 will be a buoyant market for the state's high-tech industry as a whole. For example, employment in companies that produce pharmaceuticals project 25.8 percent growth next year. Firms that produce high-tech manufacturing equipment follow with a 14.4 percent forecasted growth. Biotechnology projects a 13.5 percent increase in employment. Computer hardware manufacturers project a 12.6 percent jump in employment in 1994, while telecommunications companies report a 10.1 percent projected growth rate.
 The survey shows that Los Angeles has the largest number of high tech employees in the Greater Los Angeles area, followed by Torrance, Chatsworth, Carlsbad, Santa Monica and Santa Barbara.
 Rank City Companies Employees
 1 Los Angeles 76 8,563
 2 Torrance 82 7,431
 3 Chatsworth 71 6,470
 4 Carlsbad 40 4,726
 5 Santa Monica 33 4,104
 6 Santa Barbara 35 3,360
 Subassemblies and components manufacturers also see 1994 as a job- generating year. According to the CorpTech survey, respondents project a 4.4 percent increase in jobs next year. Lasers and optics, the people who produce


camera equipment and displays, expect 3.7 percent employment growth. Establishments producing environmental analysis equipment, pollution control, etc., project a 3.6 percent growth in employment, and factory automation companies expect hiring to increase by 3.5 percent.
 Other high-tech manufacturers expecting employment increases next year include the following sectors: transportation, medical, defense related and test and measurement companies.
 For more information on California's high-tech manufacturing or a free copy of the national survey results call CorpTech at 800-333-8036.
 -0- 5/20/93
 /CONTACT: Steven Caldwell of Corporate Technology Information Services, Inc., 617-932-3939/


CO: Corporate Technology Information Services ST: California IN: CPR SU:

JK -- NEFNS1 -- 0561 05/20/93 07:31 EDT
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Date:May 20, 1993
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