- The average congressional district now has about 400 high-tech startups employing around 3,400 workers.
- Texas and Florida are home to four times the number of high-tech startups as the average U.S. state.
- In Alabama, startups make up 16% of high-tech employment — the highest share in the country.
- In Vermont, high-tech manufacturing exports make up 5.5% of the state economy — the largest share in the country.
Yes, but: Despite shoots of green sprouting up across the country, many districts are still struggling to find a solid foothold. And there's concern that the COVID-19 pandemic will stunt some areas' tech-related growth even more.
- For example, the Heartland region lags far behind coastal markets when it comes to attracting entrepreneurs and startups, according to a May report from Heartland Forward.
- This is where skilled workers are key: "Knowledge-intensive young firms have a higher probability of achieving middle-market status where they can generate rapid job gains for their communities," per Heartland Forward.
- This can impact wages.
- In the median congressional district, average annual wages for high-tech workers in the median state were nearly $79,000. That's more than double the median U.S. personal income, which is around $31,000 annually.
For the full story: https://www.axios.com/report-how-the-high-tech-economy-is-expanding-755ca6aa-726a-4b9f-9cb6-aea1e83d8b49.html