June 28, 2012

What Metros are Growing the Fastest in Tech/STEM jobs?

Tech Trends

What are the hottest growth cities in the tech/STEM sectors?

Forbes recently published an article “The Best Cities For Tech Jobs”, in which the author, Joel Kotkin, analyzed tech-related jobs (including software, data processing and Internet publishing), and STEM (science, technology, engineering and mathematics-related) employment, in companies spanning manufacturing to business services to finance.

Interestingly, Silicon Valley isn’t in the top five despite the preponderance of high profile tech companies there. In fact, despite offering the most tech and STEM jobs in the U.S., Silicon Valley employed 170,000 less folks in 2011 than in 2000.

Coming in number one is the Seattle-Tacoma-Bellevue metro, with increased tech employment of 43% and STEM of 18% in the decade from 2001 to 2011. The last two years documented 12% growth in tech jobs, and 7.6% growth in STEM jobs. (more…)

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November 10, 2011

Green Trends: Solar Temperatures Rising!

Green Trends

Solar Temperatures Rising!

On all fronts, solar is heating up.
Polemic in congress and by detractors, job & export creation by US firms, and public support.

Polemic

The bankruptcy of solar panel manufacturer Solyndra, and ensuing reports of fat bonuses and misconduct, are fueling the detractors and absorbing the media and congress. But let’s not get so focused on the Solyndra tree that we can see the Solar Promise forest. China is investing billions into their clean tech companies, and they certainly have factored in that some will fail.

The China Development Bank has put $30 billion in credit into solar companies in 2010. The CDB has announced financial commitments of at least $15 billion to aid companies in the nascent wind industry; and China plans on investing around $45 billion in smart-grid over the next five years. Solyndras’ potential loss of $528 million is 1.7% of the solar commitment by the CDB; and 0.5867% of the solar-wid-smart grid investments above. There’s a big forest out there.

Job & Export Creation

The Solar Foundation’s recent “National Solar Jobs Census 2011: A Review of the U.S. Solar Workforce” report found that more than 100,000 Americans are now employed in the solar industry. The solar industry’s job growth rate is 6.8%, which is much higher than the 2% net job loss in fossil fuel power generation and the general economy’s anemic job growth. And manufacturing jobs in solar grew almost 25 %, while solar sales and distribution jobs had the strongest growth and next year is anticipated to grow 35%.

California is the national leader in solar employment accounting for ¼ of the US solar jobs. The top 10 solar employment states are Colorado, Arizona, Pennsylvania, New York, Florida, Texas, Oregon, New Jersey and Massachusetts. Colorado, Arizona, Florida, Oregon, New Jersey and Massachusetts. The Census found that solar employers anticipate increasing jobs by 24% by August 2012; and over the next year, almost half of solar firms expect to add jobs. The US Solar Industry exported a net $1.9B in 2010, according to GTM Research and SEIA.

Public Support

9 out of 10 Americans Support Solar according to the 2011 SCHOTT Solar Barometer, conducted annually by independent polling firm Kelton Research. Key findings of the survey include:

•        89% of Americans think it is important to develop and use solar power

•        82% support federal solar incentives

•        82% support U.S. solar manufacturing

 

Redfish Technology Recommends these Reports :

National Solar Jobs Census 2011: A Review of the U.S. Solar Workforce”

4th Annual SCHOTT Solar Barometer Shows 9 out of 10 Americans Support Solar

U.S. Solar Energy Trade Assessment 2011

 

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- Staffing & Employment News
- High Tech Job/Industry Trends
- Green Job/Industry Trends
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November 3, 2011

Tech Trends: Technology Investment Creates Jobs, Prosperity

Tech Trends

Technology Investment Creates Jobs, Prosperity

Technology investment nurtures innovation and creates economic prosperity. This statement has been proved time and time again. In competition with the Soviet Union’s space program, the U.S. invested heavily in science, engineering, aerospace, and technology, and they pay off was strong innovation, huge job creation, and the birth of new industries in which the U.S. was the clear leader for decades. Today high tech products are the U.S.’s largest overseas export, making up 17.8 percent of all U.S. exports and supporting more than 900,000 U.S. jobs. Most nations are doubling down on their technology and innovation strategies and investment in an effort to win in the telecommunications, energy, and IT industries; securing dominance in key industries of tomorrow will grow jobs and prosperity for the winners.

Investment means allocating funds but it also means creating and acquiring talent. The U.S. has fallen behind in domestic Science, Technology, Engineering and Mathematics education – while 33% of the workforce requires these talents, Americans obtaining degrees in these fields falls below the mark. Foreign-born innovators and entrepreneurs have been instrumental in many of the cutting edge firms and technologies that have brought prosperity throughout the history of the U.S. A  Kauffman Foundation study found that 25% of science and technology start-ups founded between 1995 and 2005 had either a foreign-born chief executive or lead technologist. In 2005, these firms produced $52 billion in revenue with 450,000 employees. Opening immigration to highly skilled and educated will feed and grow innovation and jobs here in the U.S.

Technology innovation leads to national economic prosperity. According to a study by Christine Qiang of 120 nations between 1980 and 2006 estimated that for each 10 percentage point increase in broadband penetration, a high income country’s gross domestic product goes up by 1.3 percent. According to TechAmerica’s Phillip J. Bond, president and CEO, on the average each tech job supports three jobs in other sectors of the economy and the multiplier effect is 5-to-1 for information technology jobs. Information technology accounts for more than a third of U.S. gross domestic product growth and nearly two-thirds of corporate capital investment. Currently there are 375,000 information technology businesses in the U.S. employing over 5.9 million people; by 2018 IT jobs are projected to grow by 22 percent.

 

Recommended reading from Redfish Technology:

Competition for Talent, Immigrants Have Historically been Innovators, Job Creators.

Tech Provides Map for Nation’s Future

Technology and the Innovation Economy by Darrell M. West, Vice President and Director, Governance Studies at the The Brookings Institution

 

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August 1, 2010

High Tech Job Trends – August Newsletter

 

 

High Tech Job Trends

A number of recent reports show job growth attributed to the stimulus measures: The Council of Economic Advisors (CEA) shows a creation/retention of 2.5 to 3.6 million jobs over what it would otherwise have been. The Congressional Budget Office (CBO)’s May report indicates that the Recovery Act has created between 1.2 million and 2.8 million workers, and projects up to 3.7 by the end of Q3.

 

The fiscal stimulus increased substantially in the first quarter of 2010 and further in the second quarter (from $80 billion in the fourth quarter of 2009 to $108 billion in the first quarter of 2010 to $116 billion in the second quarter of this year).  Government investment in areas such as infrastructure, clean energy, and communications technology increased by roughly 50 percent between the first and second quarters of 2010. (more…)

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Green Job Trends – August Newsletter

Green Job Trends

A number of recent reports show job growth attributed to the stimulus measures: The Council of Economic Advisors (CEA) shows a creation/retention of 2.5 to 3.6 million jobs over what it would otherwise have been; nearly one million of those jobs in clean energy or a related field. The Congressional Budget Office (CBO)’s May report indicates that the Recovery Act has created between 1.2 million and 2.8 million workers, and projects up to 3.7 by the end of Q3.

The fiscal stimulus increased substantially in the first quarter of 2010 and further in the second quarter (from $80 billion in the fourth quarter of 2009 to $108 billion in the first quarter of 2010 to $116 billion in the second quarter of this year).  Government investment in areas such as infrastructure, clean energy, and communications technology increased by roughly 50 percent between the first and second quarters of 2010. (more…)

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