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Attention Relocators: Illinois 4th Fastest-growing State in Tech Growth

The American Electronics Association (AEA) has announced the findings of its second annual ``Cyberstates Update'' report. The findings show that Illinois' high tech industry is the nation's fourth largest with 199,000 jobs. According to the report, high tech workers in Illinois earned an average of $47,000 in 1996, 52 percent higher than the state's average private sector wage of $31,000.

"By surpassing Massachusetts for fourth place in the high-tech derby, Illinois is just starting to achieve its rightful prominence as a top high tech competitor, particularly in communications,'' said AEA Midwest Council Chair Harold Anagnos, President and CEO, Lumex Opto/Components.

AEA's ``Cyberstates Update'' reports that Illinois is a leader in high-tech employment growth, having added 17,000 new jobs to the state economy between 1990 and 1996, a 10 percent increase.

New "Cyberstates'' data show that Illinois is the second-ranked state in communications equipment and electronic components. The state also ranks third in industrial electronics. Together these segments employed 81,000 workers.

William T. Archey, AEA President and CEO, held a press conference on Capitol Hill today to release the findings of AEA's "Cyberstates Update'' report. "Nationally, the high-tech industry created 490,000 new jobs since 1990, totaling 4.5 million in 1997, demonstrating that the high tech industry has arrived,'' said Archey.

"Cyberstates Update'' measures the economic importance of high tech in each state, using the most recent U.S. government data on jobs, establishments, payroll, wages, and exports. The report includes one-page overviews for all 50 states and the District of Columbia detailing these statistics along with growth and leading industry segments. ``Cyberstates Update'' is the sister publication to AEA's recently released national ``Cybernation'' report.

The American Electronics Association (AEA), founded in 1943, is the grassroots voice of the high tech industry. "Cyberstates Update'' is available for sale on AEA's homepage at www.aeanet.org or by calling customer service at 800-284-4232 or 408-987-4200. Cost: $95 AEA members; $190 non-members.

What does high tech mean for Illinois?

  • 198,899 high-tech workers (4th ranked cyberstate), adding some 9,400 jobs since 1995, an increase of 5%
  • A high-tech payroll of $9.4 billion (4th ranked nationwide)
  • A high-tech average wage of $47,447, 52% more than private sector workers
  • 7,810 high-tech business establishments, up from 4,361 in 1990
  • High tech employs 41 of every 1,000 private sector workers in Illinois
  • High-tech exports totaled $15.2 billion in 1997, an increase of 84% since 1990
  • High tech represents over half of all exports from Illinois in 1997
  • Illinois is the nation's 2nd ranked cyberstate in electronic components and accessories manufacturing employment with 28,500 jobs
  • Illinois ranks 2nd nationally in communications equipment manufacturing employment with 33,900 jobs
  • Illinois ranks 3rd in industrial electronics manufacturing employment with 18,300 jobs

Published: June 15, 1998

Use of this article without permission is a violation of federal copyright laws.




Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68.


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In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.

     

Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans.


Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR

"The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors

Coverage from WSMV, Nashville - 8-14-2007

That Interview Guy - Get Inside The Head Of Today's Generation
2007 AE Institute Session - To purchase
2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9
HouseValues Mastermind call - Parts 1 2

Blanche's fireside chat with Jeremy Conaway, HAR - Click here.

For more articles by Blanche, click here.




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