Minnesota technology industry ranked 17th in nation

Image result for Minnesota technology industry ranked 17th in nationMinnesota’s technology industry added an estimated 2,226 new jobs in 2016, according to Cyberstates 2017, the annual technology-industry analysis of the nation’s tech industry released Monday by CompTIA, the industry trade group.

With an estimated 140,970 workers, Minnesota ranks 17th among the 50 states in tech-industry employment, CompTIA said.

Technology occupations across all other industries in Minnesota – the second component of the tech workforce – reached an estimated 170,300 in 2016.

The tech sector accounts for an estimated 7.4 percent ($24.4 billion) of the overall Minnesota economy.

The annualized average wage for a Minnesota tech industry worker was an estimated $95,900 in 2016, 79 percent higher than the average state wage of $53,600.

“The Cyberstates data affirms the strength and vitality of Minnesota’s tech industry, and attests to its essential standing in the economy,” said CompTIA CEO Todd Thibodeaux said in a statement. “Technology enables innovation and generates growth for companies, regardless of their size, locale or markets served.”

CompTIA said other findings of the annual study include that:

  • Minnesota  is home to about 9,165 tech businesses, half of which are in the Twin Cities area.
  • The tech industry employs an estimated 5 percent of the overall state workforce.
  • Employers posted 15,235 job openings for tech occupations in the fourth quarter of  2016; mostly in the Twin Cities.
  • Leading tech occupations include computer systems analysts (15,340), computer user support specialists (14,190) and application software developers (13,140).
  • The strongest year-over-year job growth occurred in the categories of engineering services (+ 5.9 percent) and computer systems design and IT services (+ 5.7 percent).

[“Source-startribune”]