California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

This is part 2 of 2 on High Tech Growth in California.  The AeA in the in their 2008 Cyberstates
report illustrates the following:

What Does High Tech Mean for California?
-940,700 high-tech workers in 2006 (1st ranked cyberstate)
-21,400 jobs gained between 2005 and 2006, ranked 1st nationwide
-High-tech firms employed 72 of every 1,000 private sector workers in 2006, ranked 7th nationwide
-High-tech workers earned an average wage of $101,200 (1st ranked), or 112 percent more than
-California's average private sector wage
-A high-tech payroll of $95.2 billion in 2006, ranked 1st nationwide
-43,400 high-tech establishments in 2006, ranked 1st nationwide
-Venture capital investments of $13.8 billion in 2007, up eight percent from $12.8 billion in 2006,
  ranked 1st nationwide
-R&D expenditures of $60.5 billion in 2004, ranked 1st nationwide

California’s National Industry Sector Rankings:

-1st in computer systems design and related services employment with 185,100 jobs
-1st in telecommunications services employment with 109,600 jobs
-1st in semiconductor manufacturing employment with 69,400 jobs
-1st in computer and peripheral equipment manufacturing with 57,100 jobs

                                                                                     Source: Cyberstates 2008

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