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Minnesota technology industry ranked 17th in nation

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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).
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