Innovation New Jersey
  • Home
  • Our Coalition
    • Contact Us
  • News
  • Resources
    • State Supports
    • Federal Supports
    • Higher Ed Supports
  • Join Us

Innovation News

Everything Innovation. Everything New Jersey.
Follow us and stay connected.

SSTI: Tech Workers Increasingly Attracted to Affordable Markets with Growing Tech Presence

7/22/2016

0 Comments

 
Westerville, OH ― Jonathan Dworin reports on the State Science & Technology Institute (SSTI) blog that skilled technology workers are gravitating toward cities where the cost of living is lower and more jobs are available, according to real estate research firm CBRE’s annual Scoring Tech Talent report, a ranking of 50 U.S. and Canadian markets based on their perceived ability to attract and grow tech talent.
 
Large, established tech markets such as the San Francisco Bay Area, Washington, D.C., and Seattle ranked the highest in CBRE’s Tech Talent Scorecard index, which uses 13 metrics for each market and weights each by their relative importance to those companies seeking tech talent.
 
Columbus, home of SSTI’s 2016 Annual Conference, ranked first among smaller markets analyzed in the report.
 
“Tech talent,” as defined by the report, includes workers in the following occupation categories: software developers and programmers; computer support, database and systems; technology and engineering related; and, computer and information system managers. 
​Although 37.3 percent of tech talent workers are in “core high-tech” sectors such as computer software and services and computer product manufacturing, their occupations exist in every industry sector, according to the report.
 
The Tech Talent Scorecard index uses 13 metrics for each market and weights each by their relative importance to those companies seeking tech talent.
 
Examples of metrics incorporated into the index include: tech talent supply, growth, concentration, and cost; completed tech degrees; industry outlook for job growth; and the market outlook for both office and apartment rentals.
 
Of large markets, the San Francisco Bay Area, Washington, D.C., and Seattle ranked the highest in CBRE’s Tech Talent Scorecard index. Small markets scoring highly include Columbus, Charlotte, and Portland, OR.
 
Although large, established tech markets ranked highly in the report, smaller markets such as Charlotte (74.7 percent growth in tech talent) and Nashville (67.9 percent growth) led the way as top “momentum markets,” which CBRE uses to rank cities based on tech talent growth rates between 2010 and 2015.
 
Colin Yasukochi, who authored the report on behalf of CBRE, notes, “tech talent growth rates are the best indicator of labor pool momentum, and it’s easily quantifiable to identify the markets where demand for tech workers has surged.”
 
Yasukochi also highlights educational attainment, cost of living, and the presence of millennials as notable factors that are influential in shaping both large and small tech markets.
 
The full report includes data tables that encompass CBRE’s Tech Talent Scorecard index, as well as full breakdowns of each region profiled.
 
Download CBRE’s Annual Scoring Tech Talent report here: https://researchgateway.cbre.com/Layouts/PublicReportAccess/Default.aspx?PUBID=2166d301-9a78-4f5e-bd43-ec143d145a39.
 
0 Comments



Leave a Reply.

    Do not miss a single innovative moment and sign up for our newsletter!
    Weekly updates


    Categories

    All
    3D Printing
    Academia
    Acquisitions
    Aerospace
    Agriculture
    AIDS
    Algae
    Alumni
    Animals
    Architecture
    Astrophysics
    Autism
    Awards
    Big Data
    Bioethics
    Biofuel
    Biomedical
    BioNJ
    Bioterrorism
    Bit Coins
    Brain Health
    Business
    Camden
    Cancer
    CCollege
    Cellular
    Centenary
    Chemistry
    ChooseNJ
    Climate Change
    Clinical Trials
    Cloud Tech
    Collaboration
    Computing
    Congress
    Coriell
    Council On Innovation
    Crowdfunding
    Cybersecurity
    DARPA
    Defense
    Degree
    Dementia
    Dental Health
    DOC
    DOD
    DOE
    Drew
    Drones
    Drug Creation
    Einstein's Alley
    Electricity
    Energy
    Engineering
    Entrepreneurship
    Environmental
    FAA
    Fairleigh Dickinson
    FDA
    Federal Budget
    Federal Government
    Federal Labs
    Federal Program
    Finance
    Food Science
    Fort Monmouth
    Fuel Cells
    Funding
    Genome
    Geography
    Geology
    Global Competition
    Google
    Governor Christie
    Grant
    Hackensack
    HackensackUMC
    Healthcare
    Health Care
    HHS
    HINJ
    Hospitals
    Immigration
    Incubator
    Infrastructure
    International
    Internet
    Investor
    IoT
    IP
    IT
    Jobs
    Johnson & Johnson
    K-12
    Kean
    Kessler
    Legislation
    Logistics
    Manufacturing
    Medical Devices
    Med School
    Mental Health
    Mentor
    Microorganisms
    Molecular Biology
    Montclair
    NAS
    Neuroscience
    Newark
    New Jersey
    NIFA
    NIH
    NIST
    NJBDA
    NJBIA
    NJ Chemistry Council
    NJCU
    NJDOLWD
    NJEDA
    NJEDge
    NJHF
    NJII
    NJIT
    NJMEP
    NJPAC
    NJPRO
    NJTC
    Nonprofit
    NSF
    OpEd
    Open Data
    OSHE
    OSTP
    Parasite
    Patents
    Paterson
    Patients
    Perth Amboy
    Pharma
    POTUS
    PPPL
    Princeton
    Prosthetics
    Ranking
    Rare Disease
    R&D Council
    Report
    Resiliency
    Rider
    Robotics
    Rowan
    Rutgers
    SBA
    Seton Hall
    Siemens
    Smart Car
    Smart Cities
    Software
    Solar
    Space
    SSTI
    Startup
    State Government
    STEM
    Stevens
    Stockton
    Subatomic
    Supports
    Sustainability
    Taxes
    TCNJ
    Teachers
    Telecom
    Therapy
    Thermodynamics
    Transportation
    Undergraduate
    USEDA
    Verizon
    Video Game
    Virtual Reality
    Water
    WHO
    William Paterson
    Women In STEM
    Workforce Development

Home   Coalition   News   Resources   Events   Join Us
Picture
Innovation New Jersey Coalition
10 West Lafayette Street
Trenton, NJ 08608-2002
609-858-9507