A new report from the Information and facts Know-how Field Council paints a in-depth picture of the value of the substantial-tech field in the U.S., which include Washington condition which is property to Microsoft, Amazon, T-Cell and hundreds of startup businesses.
“The details make obvious that technological innovation is woven as a result of the complete U.S. economy—including each individual congressional district,” according to the report which measures states and districts on 34 economic indicators.
Washington condition ranks at the best of the listing in various categories, like IT providers exports. In point, a whopping 57% of all expert services exports are similar to technological innovation — nearly two times as much as the 2nd location and third spot finishers of Massachusetts and Oregon, which confirmed a roughly 28% share.
Washington state also rated fifth in conditions of technologies staff as a share of the in general workforce at 13.2%, guiding the District of Columbia (23.3%), Virginia (17.4%), Maryland (15.2%) and Massachusetts (14.2%). California was sixth at 13.1%.
Washington condition also ranked fourth in conditions of regular higher-tech wages, coming in at $131,830. The District of Columbia, California and Massachusetts ranked forward of Washington point out in regular higher-tech wages. The report showed that 25.8% of wages in Washington point out had been tied to technological innovation work opportunities.
A weak location? High-tech producing, an space where Washington state rated in the base fifty percent and speaks to the state’s very long-phrase energy in software program development.
The report also appeared at community R&D funding (Washington rated No. 11) pc and math employees (Washington rated No. 6) and STEM workers as a percentage of complete workforce (Washington ranked No. 5).
It also analyzed the state’s startup industry, ranking it 12th with 5,044 startups. It ranked sixth in startup density, with 18.2 startups for each 10,000 employees.
But the share of startup employees compared to the total tech workforce in Washington state is minimal. The study uncovered that of tech personnel in Washington state just 9.4% work at startups. Washington rated No. 34 in that class just at the rear of Louisiana.
That is due to the variety of tech employees in Washington state at huge firms like Amazon, Microsoft, Expedia and T-Cell.
General, 1.2% of personnel in Washington point out are employed at superior-tech startups — ranked No. 10 nationally.
Here’s a seem at Washington state’s higher-tech makeup throughout lots of of the classes, and how it compares to the U.S.