Ohio named one of top states for tech job growth
Friday, December 07, 2012 7:01 PM
COLUMBUS - A national study on high-tech jobs released today shows Ohio is quickly establishing itself as a hub of high-tech job activity. In fact, the Buckeye State is home to three of the top 25 cities for tech job growth - more than any other state. Overall, the average high-tech job growth in the state was 4.6 percent, almost double the national average of 2.6 percent.Commissioned by San Francisco-based non-profit Engine Advocacy, the study found high-tech job creation is outpacing job growth in the private sector as a whole, and boosting local economic. The full report is available for review at http://www.engine.is/techworks.
From 2010-2011, Dayton touted a 24.2 percent increase in high-tech employment growth, and lead the state with the creation of 3,500 new tech jobs. Also, the Cleveland-Elyria-Mentor area saw a 9.1 percent increase in the number of high-tech jobs created - placing as one of the top 25 regions for high-tech employment growth in the United States. The Canton-Massillon area also made the list and experienced a 10.1 percent increase in tech growth.
"A skilled high-tech workforce is one of the strongest resources the Dayton region has for the tech industry," stated Dayton Chamber of Commerce Vice President Chris Kershner. "Through strategic partnerships between the technology industry and our higher education institutions, the Dayton area is producing the current and future workforce for this industry."
The study went on to show that the average salary of an Ohio high-tech worker was $76,825 per year. Additionally, the region has been one of the highest growth metro areas in the past five years with a 7.1 percent increase in high-tech jobs from 2006-2011.
"In Lake County, we've seen steady job growth in the technology sector. Our community benefits from a robust health care focused industry as well as technological research and development firms in the area," said Chris Galloway, Concord Township Trustee. "High-tech can continue to lead Northeast Ohio by providing good paying jobs and economic investment."
"We are thrilled to hear we are one of the top 15 high tech job cities in the country. Canton has been working hard to recruit and welcome new and innovative companies to the city," said Canton Mayor William J. Healy II.
Some of the key findings in the report include the realization that jobs in high-tech industries exist almost everywhere, with 98 percent of U.S. counties home to at least one high-tech business. Hubs of high-tech employment can be found in unexpected places, including communities in the Midwest, South, West, Northeast and along both coasts. Employment growth in the high-tech sector has outpaced growth in the private sector by a ratio of 3-to-1 since the dot-com bust's bottom in early 2004. High-tech job growth is projected to outpace the job growth of the economy as a whole over this decade, expanding by 16.2 percent between 2011 and 2020.
For workers, the news is good. High-tech workers earn 17 to 27 percent more than their peers in other industries, even when controlling for factors like age, gender, and education. Higher wages and job growth have significant effects - the creation of one job in the high-tech sector is estimated to best associated with the creation of 4.3 other jobs in local economies.
Enrico Moretti, professor of economics at the University of California Berkeley and author of The New Geography of Jobs, said of the report: "This study addresses an important question: how important is high tech employment growth for the US labor market? As it turns out, the dynamism of the US high-tech companies matters not just to scientists, software engineers and stockholders, but to the community at large. While the average worker may never be employed by Google or a high-tech startup, our jobs are increasingly supported by the wealth created by innovators."
Not only has high-tech job growth remained strong over the last decade, but also the report shows that the trend will continue and that demand for high-tech workers will surpass demand for workers in other sectors.
"This research confirms the story that I see unfolding every day in cities across the country," said Michael McGeary, senior strategist for Engine Advocacy. "The trajectory for job growth and the higher incomes of tech workers, combined with the job multiplier effect, make the high-tech sector a key driver of economic growth in cities across America."